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The Lisa MacIntosh Team - Your Vancouver Real Estate Experts

Specializing in Vancouver Heritage Homes, First Time Buyers and Real Estate Investors looking for great investment opportunities in Vancouver.

Let us be your Vancouver real estate experts. We will give you honest, efficient and professional service that helps you in reaching your goals.

Phone: (604) 263-1144
Fax: (604) 263-6699
E-mail: Lisa MacIntosh
Web site: www.lisamacintosh.com

Awarded - MLS Medallion Club Member 2006,2007,2008 & 2009 - Ranked Top 10% of Realtors in Greater Vancouver   -     Recent Sales       -       Current Market Trends

WHAT'S NEW ....


#303 - 1484 Charles Street- List Price $294,999
East Vancouver - Commercial Drive / Grandview

Open Saturday, August 28th   1:30 - 2:30pm

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#203 - 1718 Venables - List Price $395,000
East Vancouver - Commercial Drive / Grandview

Open Sunday, August 28th   3:00 - 4:00pm


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2568 St. Catherines Street - List Price $619,000
East Vancouver - Mount Pleasant

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#806 - 1238 Melville - List Price $449,000
East Vancouver - Strathcona

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Vancouver Laneway Housing

March 2010 - City of Vancouver Update on Laneway housing: Full report from the City of Vancouver

  • 33 laneway housing permits have been issued between the approval of laneway housing in July 2009 and March 2010.
  • Many of these laneway houses are currently under construction.
  • Another 34 laneway housing applications are currently in process towards approval.
  • While take-up has been gradual as anticipated, it may increase with: recent and on-going process improvements; the recent clarification of issues such as BC Hydro costs; and as built precedents emerge.

July 28th, 2009 - City of Vancouver Council, approved unanimously, the plan to allow laneway housing. This will affect almost 70,000 single-family properties in Vancouver that are now potentially eligible to add a small house in their backyard. This has been a much debated about possible solution Vancouver's extremely low vacancy rate of .3%.

Concerns about livability, parking, density all come to a forefront with this hot topic. Is this the solution to Vancouver's problem of affordable housing? Read on.... Full story from Vancouver Sun & Vancouver Province.

Green Real Estate
For information about Green Real Estate and how you can make educated environmentally friendly decisions about your home, check out my new Green Living Section for some great Green links. Find out about grants for Green renovations.
Specializing in Commercial Drive / East Vancouver

Looking for the perfect East Vancouver Home? I specialize in the Commercial Drive Real Estate Market as well as many other East Vancouver Neighbourhood. Whether you are looking for a house in Commercial Drive, Grandview,Mount Pleasant, Main Street, Strathcona, Victoria, Fraser, Fraserview, Knight, Cedar Cottage, Renfrew, Renfrew Heights, Hastings or Hastings Sunrise - just give me a call.

What's In the News...
February 20, 2008 - First Time Home Buyers’ Program – Thresholds

Effective for registrations after February 20, 2007, the fair market value threshold for eligible residential property under the First Time Home Buyers' Program is increased and will apply throughout the province. The new threshold will be $425,000 which is increased from $375,000 in all areas of the province. A proportional exemption is provided for eligible residences that have a fair market value of up to $25,000 above the new threshold. Also, there is no longer a requirement for 70% financing. Click here for a guide to the Property Transfer Tax Exemption. For more information: Government of BC

Vancouver Real Estate Market Update - July 2010 (Historical Statistics for Real Estate Board)

There is often a lot of confusion, and misinformation about the real estate market in Vancouver. The media likes to create "news", so often, real estate market information is given a sensational "breaking news headline" - that perhaps sometimes misconstrues the facts somewhat.

My attempt with this market update is to give you the facts about what has been happening in the Vancouver market focusing on the Vancouver West Side and Vancouver East Side. Remember, if you need an East Vancouver Realtor or someone equally familiar with the West Side market don't hesitate to call, as I specialize in both Vancouver West Side and East Vancouver Real Estate.

Type of PropertyAREA
Benchmark Price*
1 Year Change %
3 Year Change %
5 Year Change %
      
DETACHED East Vancouver Houses

$722,571

9.2%
11.6 %
48.7%
 Vancouver West Houses

$1,610,426

20.1%
21.9 %
74.6%
ATTACHEDEast Vancouver
$506,410
1.5%
4.4%
46.5%
 Vancouver West

$743,480

6.3 %
7.4 %
44.1%
APARTMENTEast Vancouver
$322,521
2.6 %
5.9 7 %
48.2%
 Vancouver West
$496,486
5.7 %
6.6%
43.5%

*BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

Click on Graph for Full 30 Year Historic Trend.

Homebuyers and sellers less active in July


VANCOUVER, B.C. – August 4, 2010 – Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010.

Looking back further, last month’s residential sales represent a 3.7 per cent increase over the 2,174 residential sales in July 2008, a 41.8 per cent decline compared to July 2007’s 3,873 sales, and a 17.5 per cent decline compared to July 2006’s 2,732 sales.

“With the pace of home sales and listings easing off in our market, we’ve begun to see a levelling of home prices from the record highs seen in the spring, creating greater affordability,” Jake Moldowan, REBGV president said. “Activity in today’s marketplace is clearly trending in favour of buyers.”

The number of properties listed for sale on the market has been trending downward since spring, with 4,138 new listings in July compared to April’s peak of 7,648. New listings for detached, attached and apartment properties in Greater Vancouver on the Multiple Listing Service® (MLS®) declined 17.9 per cent in July 2010 compared to July 2009, when 5,041 properties were listed for sale.

At 16,431, the total number of property listings on the MLS® in July declined 6.5 per cent compared to last month and increased 33 per cent compared to July 2009.

“It’s currently taking home sellers who work with a REALTOR®, on average, 45 days to sell their property, which is a historically healthy timeframe for people on both sides of a transaction,” Moldowan said.

Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 9.1 per cent to $577,074 in July 2010 from $528,821 in July 2009.

Sales of detached properties in July 2010 reached 908, a decrease of 43.7 per cent from the 1,614 detached sales recorded in July 2009 and a 9.8 per cent increase from the 827 units sold in July 2008. The benchmark price for detached properties increased 11.5 per cent from July 2009 to $793,193.

Sales of apartment properties reached 979 in July 2010, a decline of 42.7 per cent compared to the 1,708 sales in July 2009 and an increase of 1.3 per cent compared to the 966 sales in July 2008.The benchmark price of an apartment property increased 6.2 per cent from July 2009 to $387,879.

Attached property sales in July 2010 totalled 368, a decline of 53.5 per cent compared to the 792 sales in July 2009 and a 3.4 per cent decline from the 381 attached properties sold in July 2008. The benchmark price of an attached unit increased 8.6 per cent between July 2009 and 2010 to $490,995.

The Real Estate industry is a key economic driver in British Columbia. In 2009, 35,669 homes changed hands in the Board's area, generating $1.49 billion in spin-off activity. The Real Estate Board of Greater Vancouver is an association representing more than 9,800 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

Information provided with permission by the Real Estate Board of Greater Vancouver (REBGV)


Lisa MacIntosh Team - Personal Real Estate Corporation - Dexter Associates Realty
Phone: 604-263-1144 Fax: 604-263-6699
Medallion Club Member -
Top 10% of Realtors in Greater Vancouver
email: Lisa MacIntosh Copyright © 2010. All rights reserved.
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