Whats New…
Due to the increased inventory we are experiencing overall a more positive market which is creating more opportunities for both buyers and sellers. With more product to choose from people can make good informed decisions without the panic of the past. Niche properties that have views or something unique to offer to the market place are still receiving top of the market prices. We have just sold 2796 West 50th listed @ $3,688,000. http://sueandsarahshomes.myubertor.com/114
New listings for detached, attached and apartment properties increased by 11.4 per cent to 5,115 units when compared to the 4,590 units listed in September 2005. “We’re moving towards a balanced market, a balance that brings greater stability to buyers and sellers throughout the Greater Vancouver area,” says REBGV president Rick Valouche. “We’re finally seeing an increase in inventory and that is great news for buyers in our active market. “We’re still selling far more properties monthly than we were four or five years ago,” notes Valouche. “There’s been a shortage of listings for some time. If listings continue to increase at this pace, we may be able to start meeting the strong demand for real estate that has been the driving characteristic of the Greater Vancouver market for the past five years.”
Sean Horlor, “News Release” Real Estate Board of Greater Vancouver (October 3, 2006): 1
“For four decades, City of Vancouver residents have had the right to formally challenge city planning decisions about nearby properties. This has meant third parties, including neighbouring property owners and tenants who disagree with a development permit, had the right to appeal to the Board of Variance. All of this changed last month when B.C. Supreme Court Justice Richard Goepel ruled that only the property owners, not third parties such as neighbours, have the right to appeal planning decisions to the Board of Variance. As a Result, the City of Vancouver’s Board of Variance has stopped talking to third party applications for appeals. Reports indicate the City of Vancouver may consider appealing the decision or asking the B.C. government to amend the Vancouver Charter to include third-party appeals.” Harriet’s Perspectives. "Third party is over in Vancouver" The Open House: Your Window to REBGV Government Relations Volume 1 Number 6 (October 6, 2006): 4
We have got another NEW listing coming… We will keep you posted!
Sue & Sarah