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October: inventory is low and demand is high!
Once again, activity in the market for this October was an improvement over October 2012 - with a 37% increase in properties sold in Greater Vancouver. As well, properties sold in October 2013 were up 7% compared to September 2013. In fact it was the strongest October for sales since 2009. Total Active Listings are down 11% compared to this time last year – demand is much stronger and product on the market is continuing to decrease both month over month and year over year. Changes in pricing and overall market conditions vary depending on specific areas and product. Realistically the market is balancing and not overheating as some reports may suggest with these increases in sales we are seeing. Pricing is still extremely important, generally new listings with better pricing are attracting more attention than those that have been on the market for some time. If you are even thinking of listing, now is the time!
Greater Vancouver: Total Units Sold in October 2013 was 2,698 – up from 2,524 (7%) in September 2013, up from 1,970 (37%) in October 2012; New Listings in October 2013 were down 13% from September 2013; Month’s Supply of Total Residential Listings down to 6 Months (Balanced Market). Vancouver Westside Residential: Total Units Sold in October 2013 was 579 – up from 556 (4%) in September 2013, up from 420 (38%) in October 2012; New Listings in October 2013 were down 22% from September 2013; Month’s Supply of Total Residential Listings even at 5 Months (Balanced Market). Vancouver Eastside Residential: Total Units Sold in October 2013 was 288 – up from 281 (2%) in September 2013, up from 185 (56%) in October 2012; New Listings in October 2013 were down 20% from September 2013; Month’s Supply of Total Residential Listings down to 4 Months (Balanced Market to Seller’s Market). North Vancouver Residential: Total Units Sold in October 2013 was 221 – up from 163 (36%) in September 2013, up from 160 (38%) in October 2012; New Listings in October 2013 were down 15% from September 2013; Month’s Supply of Total Residential Listings down to 4 Months (Balanced Market to Seller’s Market). West Vancouver Residential: Total Units Sold in October 2013 was 110 – up from 94 (17%) in September 2013, up from 65 (69%) in October 2012; New Listings in October 2013 were down 22% from September 2013; Month’s Supply of Total Residential Listings down to 7 Months (Balanced Market).
Tickled Pink by this News??
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Architect Profile
Ok, you know when I am proud, I have to tell you about it. Well I am proud, impressed and generally in awe of the beautiful spaces Michael Shugarman has created. Yes - full disclosure, he is my brother-in-law.
Prior to setting up his life and business in Calgary, Michael worked in London, England for Building Design Partnership while completing his Bachelor of Environmental Design Degree. After completing his Masters in Architecture, Michael worked in Seville, followed by 1 year in Italy in the studio of Antonio Citterio, a recognized world leader in architecture, interior, product and furniture design - you know those beautiful sofas at Inform...many of them are Antonio's. My favourite designs of Michael's, besides their own home, is the James Hotel is Saskatoon. I love the feel, the light fixtures, the warm woods and the pops of gold...he designed not only the hotel but the interior design and furniture within as well...a reason to visit Saskatoon perhaps? And the homes and recreational 'cottages' that Michael has created for clients throughout Western Canada and the U.S. are amazing. The light, the textures and the high-end but subtle finishings are calming and luxurious at the same time. In addition, he designs and builds custom furniture for his clients. Check out he beautiful coffee table below. Michael has received many awards for his designs but he has most recently received a lot of media attention for his role in Edmonton with the Katz Group. He is leading a large multi-discipliniary team of exceptional experts from all fields of design, construction and development across the globe with Edmonton's exciting downtown Arena District. Michael is playing an integral role in developing an urban village - a 50,000' plaza with shops, restaurants, residential, the Oiler's new arena, hotels and more. WOW.
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The Jealous Curator. Damn. I wish I thought of that.
"There is one moment, in the first few seconds, when you look at a piece of art and know that you love it. It’s the moment when, if you’re an artist yourself, you look at it and feel a rush of uplifting inspiration… and total soul-crushing jealousy all at the same time. It’s when you walk away thinking, “Damn, I wish I thought of that.” The Jealous Curatorlaunched in February 2009, as a place for Danielle to show artwork that “made her jealous”… in a bad, toxic way. "I literally was getting stopped in my tracks every time I saw work that I loved, but now that “jealousy” has turned magically, wonderfully, and thankfully into inspiration and admiration{what a relief!}.Years later, as I move forward with the site, I’ve realized that where my interests truly lie are, of course with gorgeous modern art, but I am also absolutely fascinated with the self-doubt part – the insecurities, inner-critics, and blocks, and of course the jealousy, that so many creative people endure. This lead to GIRL CRUSH, a series of workshops that I launched in 2012, all across the USA. It was also the idea behind my very first book{what?!}, titledCREATIVE BLOCK, out in early 2014." Follow her blogand watch for her cool book!
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Fraser Street is calling you.
But what else is in the 'hood that should be luring you there, besides cool real estate, friendly neighbourhoods and mountain views?
What about Graze? Ok, it is vegan, but they make vegan mouth watering. And after my stint in Santa Monica, land of the gluten-free, I am open to it. It just opened in the Spring and its worth venturing there for dinner.
Are you ernestly yearning for some Ernest Ice Cream? Now you can go get a scoop or a glass jar of it. They have now hopped off the bike and opened a stationary spot to satisfy your craving for Mulled Pear, Blue Cheese & Fig or Sour Cherry Chocolate Chip ice cream. And if you can't get enough Vegan, they have Chocolate, Coconut Kaffir Lime and Peanut Butter Chocolate already!!
And on the other side of the fence, the animal protein side...mmmmmm who doesn't love Les Faux Bourgeois. This bistro cafe transports you into a small town in France where the majority of the clientele and all the servers are speaking french. And they are serving the most divine steak frites or moules frites. The Vancouver Sun's Mia Stainsby “It either makes you pine for Paris, or transports you there!”
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How about we check this out? We all know about online dating sites for singles, this works for singles too, but it also works for couples. Intrigued…it’s not what you are thinking.
This service, still only in the U.S. sends couples on curated date experiences, tailored for two. For a monthly fee, members browse a collection of local date experiences, pick the ones they like, and go. They take care of all the details. If you don’t have the time or energy to plan it, they will do it for you. Think couples astrology readings, Food Tours, at home couples massage and dinner. Membership also includes one free date every month, free concierge service to plan customized dates, and access to exclusive rewards like two-for-one movie tickets and discounted car service. Want to spice up your married/together life, this site will suggest and organize all sorts of things for couples to do. If you have any cool suggestions for a Vancouver How About we (fill in the blank) send them to me and I will share it with everyone.
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Dexter Associates Realty
Kerrisdale
2094 West 43rd Avenue
Vancouver, BC. V6M 2C9
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