October 2021 – Lower Mainland Monthly Update (REBGV & FVREB)
Record low inventory and strong sales indicate prices will increase
The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.
In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways:
7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE
Monthly sales are significantly above the 10-year average.
Cumulative Year-to-date Sales
YTD sales are currently at the highest level ever recorded. Sales from Jan – Sept have already surpassed the total number of sales in years 2011 – 2015 and 2018 – 2020. We expect total sales by the end of 2021 to break all records.
Inventory
Inventory remains below the long-term average.
Sales to Active Listings
Sales to active listing is significantly elevated, indicating prices are expected to rise.
Months of Inventory
Months of Inventory is significantly depressed, indicating prices are expected to rise.
September 2021 – Lower Mainland Monthly Update (REBGV & FVREB)
Prices this Autumn are expected to increase overall
The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.
In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways:
7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE
There is no doubt Vancouver is one of the most beautiful cities in the world. The city of West Vancouver is nestled between Burrard Inlet and the North Shore Mountains and offers city, water and mountain views from its many high-end neighbourhoods.
The lower mainland has also developed unique architectural and design styles that benefits from the natural beauty of our environment. Beautiful homes decorate the neighbourhoods and it’s not difficult to find prestigious design projects around town.
Today we’re bringing to the blog, this incredible property – a stunning, custom-built 5 bedroom home designed by Georgie Award Winner Marque Thompson.
Marque is the Principal of Design Marque Consulting Ltd and has won both silver and gold design awards at the Georgie Awards. He has been featured in countless design magazines and has completed more than 1,200 projects from small cottages to multi-million-dollar homes throughout Canada, United States, England and Singapore.
This home is situated on a large property with south-facing back gardens and beautiful views of the ocean, city and Stanley Park. As you walk through the front doors, you’ll find a modern, open-concept space, with 20’ ceilings in the living room.
The kitchen is equipped for family dinners and entertaining, featuring Wolf & Sub-Zero appliances.
Walkout on to a large covered heated deck, built-in BBQ, & outdoor gas fireplace. Perfect for entertaining on long summer nights.
The private master suite is a romantic escape with a fireplace and large deck from which to enjoy views.
Ready to make this dream home yours! Click here to request a private showing and view more property details.
Enjoy some of the best views around the city with these fantastic waterfront properties currently listed by Macdonald Realty.
#2601- 277 Thurlow Street, Vancouver, BC Listed by Juliana Jiao Personal Real Estate Corporation
Imagine living with one of the world’s most majestic waterfront views of the ocean, mountains, Stanley Park, the Lions Gate Bridge, Coal Harbour Marina & Park, plus a 360-degree city view. Amazing terraces covering 688 square feet with two fireplaces.
#1102 – 1139 W Cordova Street, Vancouver, BC Listed by Lucie Ingoldby
Sensational waterfront home at Two Harbour Green. This 2400 square feet home with unobstructed views of the ocean, Stanley Park and Harbour Green Park plus the North Shore mountains has a great entertainment size family room with direct access to the wrap-around balcony.
2707 Point Grey Road, Vancouver, BC Listed by Manyee Lui
Everlasting views on the prestigious Point Grey Road. With its waterfront location, this property captures the best of water, mountain and city. Enjoy the rooftop decks and incredible family living spaces.
#2101 – 1077 W Cordova Street, Vancouver, BC Listed by Joseph Chiang
Amazing views of Coal Harbour, mountains and city from all windows. This open layout features an entertainment-size living room, fabulous gourmet chef’s kitchen and more. Relax in the spacious master bedroom with a spa only for you.
#1605 – 1328 Marinaside Crescent, Vancouver, BC Listed by Murphy Costello Personal Real Estate Corporation and Jodi Norrison
180-degree views to the South, East & North of False Creek, Science World and the city. Floor to ceiling windows, elegant interior floor plan, updated kitchen, and hardwood flooring. Everything with fabulous resort-level amenities.
1418 Haywood Avenue, Vancouver, BC Listed by Jennie Frizzo Personal Real Estate Corporation
Situated on south-facing back gardens and beautiful views of Stanley Park, the city, and ocean and well designed with modern, open-concept and 20’ ceilings in the living room in a beautiful and functional floor plan.
#5604 – 1128 W Georgia Street, Vancouver, BC Listed by Frank Ye Personal Real Estate Corporation
Incredible views of English Bay and the Gulf Islands. This Shangri-La 5-star home has updated Italian closets, entertainment center, and multiple amenities.
In the market for a new ocean view? Search listings on our website www.macrealty.com and find your dream home today. Partner with one of our real estate agents.
SENSATIONAL TROPHY VANCOUVER PENTHOUSE – Atop a 32 storey skyscraper this three level sky mansion sprawls over 6,000 square feet of living space and 1,700 square feet of terraces. Outstanding first impressions from the direct elevator access leading to a grand living room featuring soaring 16 foot ceilings, panoramic English Bay views and a grand curved staircase. Master boasts gas fireplace, large steam shower and a two person jetted tub situated mid room. Main level offers second master suite with fireplace and numerous built-in cabinets. Bespoke chef’s kitchen with 48 inch Décor six burner range, numerous built-in ovens and appliances anchored by huge granite island and access to 700 square foot terrace with fireplace and built-in Viking BBQ. Family room with grand wet bar, air conditioning, concierge and six-car private garage. LP $7,838,000
Tour amazing homes across the globe, vote for your favourites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favourites once a day. Follow the instructions below to vote for Macdonald Realty’s Nominee for HGTV’s Ultimate House Hunt 2016:
Step 1: Tour the homes in the category.
Step 2: When you’ve found your favorite, click “I’m Ready to Vote.”
Step 3: Choose your favorite by clicking “Vote.”
Step 4: Click “Continue to Next Category” to tour more homes.
