Sue and Frank Gerryts : Latest Blog Posts

I have sold a property at 3302 111 GEORGIA ST W in Vancouver

Thu, 27 May 2010 09:03:50 GMT

I have sold a property at 3302 111 GEORGIA ST W in Vancouver.

Sub penthouse! OUtstanding views from this SW facing 1 bdrm & den in Spectrum by Concord Pacific. Everything on your doorstep, walk to downtown, skytrain, Costco, GM Place, Tinseltown & Yaletown. On the 33rd floor, this apartment has outstanding views over False Creek & the City & a balcony to enjoy them. Large 1 bedroom & den, with huge insuite storage & laundry. Fantastic amenities in the same building with Concierge service. Whether you are a 1st time buyer or investor, this would be hard to beat. Rentals & pets (1 cat or 1 dog) are allowed. Call for your private viewing.

We have sold this townhouse at 2752 West 1st Av, Kitsilano

Sat, 15 May 2010 21:40:01 GMT

We sold this two bed, 2 bath townhouse at 2752 West 1st Ave, Kitsilano. The unit has 1,198 sq ft and is part of a 4 unit complex. The townhouse was listed at $799,000.

The MLS number is V824895.

Looking for something similar? Contact us.

New property listed in Maillardville, Coquitlam

Fri, 14 May 2010 09:18:55 GMT

I have listed a new property at 123 253 CASEY ST in Coquitlam.

See details here

New property listed in Downtown VW, Vancouver West

Thu, 06 May 2010 09:27:53 GMT

I have listed a new property at 3302 111 GEORGIA ST W in Vancouver.

See details here

We just sold this heritage home in North Vancouver

Tue, 20 Apr 2010 20:47:21 GMT

We just sold this beautiful heritage home in North Vancouver. Our buyers appreciated its old world charm. It was built in 1911 and is on the City of North Vancouver’s heritage register.

The five bedrooms and 3 bathrooms in this home are charming and like the rest of the home have the character that buyers of heritage homes are looking for. Listed at $1,089,000 and situated on a lot of over 9,000 square feet, this was a great buy.

The house is at 937 Moody Avenue, North Vancouver. MLS # is V818530.

It is also worth noting for anyone considering buying an older property that you may well need specialist help in assessing what you are taking on. In this case we looked at the electrical systems. Our buyers used Powercheck to look do this since the property inspection had revealed knob and tube wiring to be present in the home.

I have sold a property at 1308 1320 CHESTERFIELD AVE in North Vancouver

Tue, 13 Apr 2010 09:15:45 GMT

I have sold a property at 1308 1320 CHESTERFIELD AVE in North Vancouver.

See details here

Stylish concrete high rise at VISTA PLACE! If you thought you could not afford a luxury apartment in the heart of Central Lonsdale, then think again! This lovely condo is ready for it's new owner. Brand new and never lived in/ Hardwoodfloors, stainless steel appliances in kitchen, electric F/P, Whirlpool washer/dryer, built in storage, 1 parking stall, 1 locker and great views. A perfect starter home or investment property. Close to restaurants, shopping, transit and new Library. At great price and GST is paid. What are you waiting for? Open House weekends 2-4pm.

Open House. Open House on Sunday, April 11, 2010 2:00 pm - 4:00 pm

Sun, 11 Apr 2010 09:14:18 GMT

Please visit our Open House at 4 240 KEITH RD E in North Vancouver.

See details here

Open House on Sunday, April 11, 2010 2:00 pm - 4:00 pm

Perfect package! A gorgeous, open plan townhouse with an amazing amount of outside space! Not only 2 large, sunny patios but also a roof deck with outstanding city & mountain views for those summer parties! The airy living room with gas fireplace is flooded w/ natural light and leads to a separate dining room with a pass through the kitchen. The spacious kitchen w/ newer Kitchenaid appliances even has a window seat to relax and enjoy the easy-care garden! The 3 large bedrooms all have ensuite bathrooms & the master bedroom boasts a high vaulted ceiling & charming city view. New engineered hardwood floors, crown moulding, fresh painted throughout. Built-in vacuum, lane access, 2 secure, underground parking spots-the list goes on and on. All this in one of North Vancouver's most popular and convenient locations. Come to the opens or phone for your private viewing.

Open House. Open House on Saturday, April 10, 2010 2:00 pm - 4:00 pm

Fri, 09 Apr 2010 09:33:39 GMT

Please visit our Open House at 4 240 KEITH RD E in North Vancouver.

See details here

Open House on Saturday, April 10, 2010 2:00 pm - 4:00 pm

Open House. Open House on Saturday, April 10, 2010 2:00 pm - 4:00 pm

Fri, 09 Apr 2010 09:33:39 GMT

Please visit our Open House at 1308 1320 CHESTERFIELD AVE in North Vancouver.

See details here

Open House on Saturday, April 10, 2010 2:00 pm - 4:00 pm

Open House. OPEN HOUSE: Thurs March 31- 10am-12

Wed, 31 Mar 2010 09:14:24 GMT

Please visit our Open House at 4 240 KEITH RD E in North Vancouver.

See details here

OPEN HOUSE: Thurs March 31- 10am-12

A first time buyer’s experience buying a condo in North Vancouver

Tue, 30 Mar 2010 21:53:01 GMT

During the whole buying process I felt very comfortable on all levels. I specifically liked your reassuring manner and patience in answering my questions. I felt well-informed of condos that were available and received good advise during decision making. I will recommend you to future friends and colleagues.

Shauna U. First time buyer and condo owner.

New property listed in Central Lonsdale, North Vancouver

Tue, 30 Mar 2010 09:13:31 GMT

I have listed a new property at 4 240 KEITH RD E in North Vancouver.

See details here

Average Price Graph for Greater Vancouver – Feb 2010

Thu, 04 Mar 2010 00:54:06 GMT

HOME SALES ACTIVITY STRONG THROUGH OLYMPIC PERIOD

Thu, 04 Mar 2010 00:46:00 GMT

VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to February 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sales recorded in January 2010.

More broadly, last month’s sales totals marked a 7.6 per cent decline compared to the 2,676 sales recorded in February 2008 and were 13.5 per cent behind February 2007 when 2,859 residential sales were recorded on the Multiple Listing Service (MLS®) in Greater Vancouver.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 19.7 per cent to $581,911 from $486,054 in February 2009. This price is 2.4 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

“We don’t know at this point what long-term impact the Olympics will have on our housing market, but we do know that activity in our market remained steady through all of the excitement and distraction of the last few weeks,” Scott Russell, REBGV president said.

“In February, for example, 110 sales were recorded on the MLS® in downtown Vancouver. That’s higher than 2009 and slightly lower than the mid-2000s, which is consistent with data from the overall market. It’s too soon to say whether that’s an Olympic effect,” Russell said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,606 in February 2010. This represents a 17.6 per cent increase compared to February 2009 when 3,916 new units were listed, and a 10.5 per cent decrease compared to January 2010 when 5,147 properties were listed on the MLS® in Greater Vancouver.

At 11,346, the total number of property listings on the MLS® increased 11 per cent in February compared to last month and declined 21 per cent from this time last year.

“Two months into 2010, we see the total number of homes listed for sale on the rise and demand in the market strong, but less frenzied than we saw in the latter part of 2009,” Russell said.

Sales of detached properties increased 67.5 per cent in February 2010 to 983 from the 587 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 22.5 per cent from February 2009 to $800,796.

Sales of apartment properties in February 2010 increased 65.2 per cent to 1,074 compared to 650 sales in February 2009. The benchmark price of an apartment property increased 17.3 per cent from February 2009 to $390,899.

Attached property sales in February 2010 are up 71.2 per cent to 416, compared with the 243 sales in February 2009. The benchmark price of an attached unit increased 16.2 per cent between Februarys 2009 and 2010 to $495,496.

BENCHMARK

The Real Estate Board of Greater Vancouver maintains information on benchmark prices for typical properties in three classes:

Detached – i.e. single family homes
Attached – i.e. townhouses and duplexes
Apartments

Below I have set out the figures for February 2010. Figures in brackets refer to the change over the same period in 2009. I have highlighted the largest increases(in bold) and the smallest (in red).

DETACHED BENCHMARK PRICES

Greater Vancouver $800,796 (22.5%)
Burnaby $774,525 (22.8%)
Coquitlam $719,714 (20.8%)
South Delta $664,305 (14.4%)
Maple Ridge $442,118 (13.1%)
New Westminster $573,662 (12.6%)
North Vancouver $916,146 (23.8%)
Pitt Meadows $521,825 (38%)
Port Coquitlam $570,303 (17.4%)
Port Moody $627,141 (-7.6%)
Richmond $878,749 (29.4%)
Squamish $528,044 (-0.5%)
Sunshine Coast $430,884 (24.3%)
Vancouver East $729,530 (19.6%)
Vancouver West $1,667,089 (42.4%)
West Vancouver $1,480,685 (20.1%)

ATTACHED BENCHMARK PRICES

Greater Vancouver $495,496 (16.2%)
Burnaby $480,482 (14.6%)
Coquitlam $438,954 (13.3%)
South Delta $517,675 (7.9%)
Maple Ridge & Pitt Meadows $317,883 (13.1%)
North Vancouver $605,337 (13%)
Port Coquitlam $416,616 (15.2%)
Port Moody $407,255 (12.8%)
Richmond $510,416 (22%)
Vancouver East $521,515 (13.3%)
Vancouver West $766,053 (20.6%)

APARTMENT BENCHMARK PRICES

Greater Vancouver $390,899 (17.3%)
Burnaby $352,658 (16.9%)
Coquitlam $291,086 (18.2%)
South Delta $356,119 (10.8%)
Maple Ridge & Pitt Meadows $247,683 (6.1%)
New Westminster $297,967 (15.7%)
North Vancouver $384,147 (15.5%)
Port Coquitlam $258,056 (14.5%)
Port Moody $297,994 (17%)
Richmond $332,169 (19.5%)
Vancouver East $329,891 (15.3%)
Vancouver West $505,851 (19.7%)
West Vancouver $601,381 (5.2%)

We sold this house in Coquitlam

Wed, 03 Mar 2010 02:52:37 GMT

This 6 bedroom home in Coquitlam sold to one of our buyers. A cute 1940’s home with a basement in need of some TLC but a lovely home above.

We sold this apartment in Lower Lonsdale, North Vancouver

Thu, 11 Feb 2010 01:00:17 GMT

This 2 bedroom, 2 bathroom, 1006sq ft apartment at # 1001 125 W 2ND ST in Lower Lonsdale, North Vancouver sold. With its spectacular view and renovated interior it was just right for our buyer. The MLS number is V781138.

Statistics for January, 2010 in Vancouver

Mon, 08 Feb 2010 20:27:38 GMT

HOUSING SUPPLY AND DEMAND REACH CLOSER ALIGNMENT IN JANUARY

VANCOUVER, B.C. – February 2, 2010 – Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.

In terms of historical perspective, January ranked as an average month for number of residential housing sales over the past decade, with higher sales in January 2002, 2003, 2004, and 2006.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 17.2 per cent to $573,241 from $489,007 in January 2009. This price is 0.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

“Although home prices in the region have largely returned to their previous peaks, we still see a significant number of first-time and move-up buyers in the market, thanks to low interest rates and the diverse range of properties available today,” Jake Moldowan, REBGV president-elect said.

“There is also closer alignment between supply and demand in today’s housing market. At 18 per cent, the sales to active listings ratio in January is approximately 10 per cent lower than we’ve seen in our market over the last six months,” Moldowan said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,147 in January 2010. This represents a 39.1 per cent increase compared to January 2009 when 3,700 new units were listed, and a 139.1 per cent increase compared to December 2009 when 2,153 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 10,218, the total number of property listings on the MLS® increased 14 per cent in January compared to last month and declined 26 per cent from this time last year.

“Looking ahead, it’s difficult to know exactly what the Olympic effect will be on our market in February, although I think it’s fair to say it should be a quieter period for home buyers and sellers and so, in fact, may be a good time for motivated buyers to search for properties,” Moldowan said.

In January, sales of detached properties increased 141.4 per cent to 705 from the 292 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink® Housing Price Index, for detached properties increased 19.5 per cent from January 2009 to $788,499.

Sales of apartment properties in January 2010 increased 146.8 per cent to 891 compared to 361 sales in January 2009. The benchmark price of an apartment property increased 15.2 per cent from January 2009 to $385,487.

Attached property sales in January 2010 are up 200 per cent to 327, compared with the 109 sales in January 2009. The benchmark price of an attached unit increased 13.4 per cent between January 2009 and 2010 to $482,478.

METRO VANCOUVER BENCHMARK

The Vancouver Real Estate Board publishes a benchmark that tracks the price of a benchmark property across the region. There are three categories:

Detached
These are houses, sometimes called single family homes
Attached
This refers to townhouses and half duplexes.
Apartments
This means apartments within high or low rise buildings.

I have set out the benchmark prices across the region, with the annual percentage price rises in brackets and 1 year percentage rise in brackets.

Prices for detached homes have increased year on year almost all across the region. The exception is Squamish where a 13% drop seems to run counter to the expected Olympic effect.

Benchmark prices for attached homes (townhouses) were up across the region. This was particularly marked for South Delta.

Apartments also saw benchmark prices rising across the region with the exception of Maple Ridge and Pitt Meadows where a small fall year on year ran counter to the trend elsewhere.

DETACHED BENCHMARK PRICES

Detached Greater Vancouver $788,499 (19.5%)
Burnaby $766,570 (17.6%)
Coquitlam $690,654 (16.3%)
South Delta $661,255 (0.1%)
Maple Ridge $458,588 (12.3%)
New Westminster $599,884 (11.4%)
North Vancouver $906,928 (15.8%)
Pitt Meadows $497,885 (5.1%)
Port Coquitlam $561,623 (11.1%)
Port Moody $785,577 (9.3%)
Richmond $846,363 (30.2%)
Squamish $472,813 (-13.1%)
Sunshine Coast $414,805 (14.1%)
Vancouver East $730,274 (23.3%)
Vancouver West $1574,159 (38.7%)
West Vancouver $1414,483 (21.2%)

ATTACHED BENCHMARK PRICES

Attached Greater Vancouver $482,478 (13.4%)
Burnaby $465,125 (17.1%)
Coquitlam $438,588 (14.9%)
South Delta $517,023 (35.5%)
Maple Ridge & Pitt Meadows $306,184 (3.3%)
North Vancouver $586,453 (9.3%)
Port Coquitlam $393,861 (5.9%)
Port Moody $385,412 (15%)
Richmond $499,626 (17.8%)
Vancouver East $505,884 (7.4%)
Vancouver West $758,012 (16.5%)

APARTMENT BENCHMARK PRICES

Apartment Greater Vancouver $385,487 (15.2%)
Burnaby $349,704 (12.8%)
Coquitlam $296,741 (17.7%)
South Delta $376,489 (14.2%)
Maple Ridge & Pitt Meadows $240,751 (-2.3%)
New Westminster $282,057 (11.8%)
North Vancouver $382,983 (19.4%)
Port Coquitlam $253,280 (14.6%)
Port Moody $300,427 (13.1%)
Richmond $326,709 (18.9%)
Vancouver East $337,416 (13.5%)
Vancouver West $490,060 (15.1%)
West Vancouver $638,577 (27.7%)

We sold this townhouse in Riverwood, Port Coquitlam

Tue, 02 Feb 2010 19:25:39 GMT

This 3 bedroom, 3 bathroom, 1782sq ft townhouse at # 49 1055 RIVERWOOD GT in Riverwood, Port Coquitlam sold to one of our buyers. The MLS number is V802406.

I have sold a property at # 601 301 MAUDE RD in Port Moody

Sat, 30 Jan 2010 10:12:47 GMT

I have sold a property at # 601 301 MAUDE RD in Port Moody.

See details here

A one bed apartment that is above the rest! Top floor and spacious, with vaulted ceiling, large balcony and fresh new paint, this is a comfortable and roomy place to live. The gas fireplace is included in your low monthly maintenance, soyou can be cosy too! The apartment comes with en-suite laundry, two parking stalls and a storage locker too. All this and an easy walk to the shops and restaurants at Newport Village. You can enjoy all this knowing the building has been rain-screened and rentals are allowed. Open House Sat/Sun 9/10 January from 2pm to 4pm.

I have sold a property at # 509 3228 TUPPER ST in Vancouver

Sat, 30 Jan 2010 10:12:47 GMT

I have sold a property at # 509 3228 TUPPER ST in Vancouver.

See details here

Live right in the heart of Cambie Village! This gorgeous condo in the Olive building is waiting for you! This chic home has the bonus of a large patio to enjoy the city & mountain views. A great spot for entertaining in the summer & to extend your living space rear round. The stylish condo has wide plank hardwood floors, 9' ceilings, fireplace & insuite laundry. The kitchen is fit for a gourmet with granite countertops, a gas cook top, built-in oven, S/S appliances & wine fridge. The 2 bedrooms both open out onto the patio. In addition, you have 2 full bathrooms, 2 parking spaces & a large private storage room plus a storage locker. Freshly painted throughout. Cambie is a great neighborhood, close to Downtown, shopping, restaurants, transit & the Canada Line. The Olive is a Cressey built, concrete building & with the balance of 2-5-10 warranty still in place, you can buy with confidence. Come & see for yourself at the Open house Sat December 19, 2009.