Hello and welcome to our Pinnacle Group Real Estate Marketing Summer 2020 Newsletter. As always, thank you for taking the time to read our update and hope that it proves to be informative for you! HighlightsHome sale and new listing activity reached record levels in Metro Vancouver* in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is the highest total on record for the month. "We've seen robust home sale and listing activity across Metro Vancouver throughout the summer months. This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic." Colette Gerber, REBGV Chair 3053 Anmore Creek Way, Anmore, BC - For Sale - $6,598,000Welcome to Mountain View Estates a spectacular Whistler inspired Gated Private Residence situated on a flat one acre lot. No expense spared with an astonishing level of detail exceeding most 5-star world class resorts. 10,207 sq. ft. 6 bed, 10 bath main residence, air conditioning, heated floors, million dollar theatre room, chef’s kitchen, temperature-controlled wine room, 12 seat formal dining, man-cave downstairs with bar, lounge and poker and pool table, 6-car showcase garage, exterior covered deck with outdoor kitchen, barbecue area, covered lounge, heaters, speakers, wood burning fireplace. Lush manicured grounds include stunning $3.5 million poolhouse and garden, gym, subterranean spa, 5-hole golf putting green, convertible (basketball, tennis, hockey) sports court, meandering trails and waterfall. Crestron automation and 2nd gated entrance offers complete privacy. A must see! 2057 Ridge Mountain Drive, Anmore, BC - For Sale - $4,798,000Welcome to 2057 Ridge Mountain Drive located in Anmore’s prestigious Pinnacle Ridge Estates. Remarkably majestic, the panoramic views from this stately luxury residence are simply astonishing. This grand home features a level of superb quality and resplendent finishing seldom seen. Built with extreme care and attention to every detail by master builder Clay Construction. The moment you step inside this exclusive residence you will appreciate the warmth and elegance of the custom cherrywood cabinetry, solid hickory flooring and the extensive use of molding and millwork throughout. Enjoy the captivating panoramic views and take in glorious sunshine from the abundance of oversized European tilt and turn windows, decks and covered patios. You will love the opulent gourmet kitchen featuring top of the line Thermador/Jenn air appliances, beautiful oversized Golden Typhoon granite Island leading to the wetbar next to the dining room perfect flow for hosting a dinner party. Upstairs you will find three bedrooms with a master retreat with gorgeous spa like en-suite with his and her closets and a private deck to take in the stunning view. The lower level is an entertainer’s dream featuring 13 ft. ceilings, a beautiful wine room with racking for 400+ bottles, a stunning custom bar and a high-tech private movie theatre with 13 speakers acoustically engineered with 3D Projector a guest suite, gym/hobby room and additional bedroom complete this fabulous lower level. Enjoy the beautifully landscaped park-like backyard with room for a pool and/or coach house. This is truly an exceptional opportunity to live in one of the finest homes in Anmore. Call today for a private viewing! 1083 Uplands Dr, Anmore, BC - For Sale - $3,998,000BREATHTAKING panoramic views with SPECTACULAR Modern Contemporary Architecture make this exclusive 1.27 acre Gated Estate truly exceptional. Offering 6,807 sq. ft. of unparalleled elegance and refined design with an open concept floor plan, massive great room, ultra large Westeck windows, gourmet chefs kitchen, centre island, natural stone countertops, Wolf and Sub-Zero appliances, wine bar and 2nd kitchen, infloor heat, brass railing, custom woodwork, imported Spanish hardwood floor, smart home/security, home theatre. Upstairs find a Luxurious Master Suite with a Resort Style Ensuite, huge oversized shower and walk in wardrobe. Enjoy indoor/outdoor living with an LA Style 1,105 sq. ft. dream outdoor space with fire pit and heaters. This is the ultimate in Luxury Living. Call today! 211 12 K De K Court, New Westminster, BC - For Sale - $529,000Welcome to Dockside living at its finest! Find this bright, beautiful, renovated spacious 1 bed + den (could be used for a second bedroom) home at the popular Dockside at New Westminster Quay. This charming renovated home has it all! A fabulous open concept floor plan, large kitchen with top of the line s/s appliances, quartz countertops, lighting, storage and laundry, 2 fabulous patio space, cozy centre gas fireplace, a large master with huge walk in closet and nicely updated en-suite. Enjoy the amenity room and roof top patio. Step out to the fabulous board walk, bus stop, minutes to the SkyTrain, shops, restaurants and services. Call today! 1256 Ioco Road, Port Moody, BC - For Sale - Call for DetailsBuild your Dream Home on Ioco Roads Golden Mile. Enjoy the Charm of Port Moody Living with spectacular inlet water views and incredible sunsets. This south-side lot is ready to go with custom designer building plans in place for a spectacular new Modern Contemporary home with over 3,600 sq. ft. on 3 levels. Existing home and structure on lot has no value. - Ready for demo - This is the opportunity you've been waiting for. Call for full details. 202 Aspenwood Drive, Port Moody, BC - SOLD - $1,688,000Spectacular Parklane Carleton III design on panoramic view lot. A rare find French “maison” in the heart of Heritage Woods. From the custom millwork chef’s kitchen to the Monet paint palette, with designer tiles and lead-glass transom and doors, this home exudes sophisticated French country charm. Meticulously maintained and lovingly cared for by the original owner this 4,293 sq. ft. home features an open concept floor plan with high cathedral ceiling in living/dining, 5 bed, 4 bath home with a large legal 2 bed walk out basement suite and 3 car garage. Take in the spectacular southern skyline views from the covered oversized sundecks and master. Fabulous heritage mountain location, close to schools, transportation, shopping, parks and hiking trails. This is premium Port Moody living! 2124 Spring Street, Port Moody, BC - SOLD - $899,000Move in today!! This is Port Moody living at its finest. Welcome to Edgestone by Bold a Boutique 38 townhome development. This beautiful 3 bed & 2 bath home offers a desirable inside end unit location with an abundance of windows taking in lots of natural light. Inside the home features a light and airy colour scheme. large centre quartz island , gorgeous cabinetry , gas range stainless steel kitchen aid appliances, energy recovery filter system, Bold 360 Technology, Nu heat flooring . Located just minutes to the West Coast Express, Evergreen Line, Rocky Point Park, Breweries, Shopping, Coffee Shops and Fine Dining. Enjoy the charm and all that Port Moody Living has to offer! Metro Vancouver Market UpdateHome sale and new listing activity reached record levels in Metro Vancouver in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is the highest total on record for the month. “We've seen robust home sale and listing activity across Metro Vancouver throughout the summer months," Colette Gerber, REBGV Chair said. "This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic." There were 6,402 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2020. This represents a 31.6 per cent increase compared to the 4,866 homes listed in September 2019 and a 10.1 per cent increase compared to August 2020 when 5,813 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,096, a 2.6 per cent decrease compared to September 2019 (13,439) and a 2.3 per cent increase compared to August 2020 (12,803). "While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels down," Gerber said. "This is creating upward pressure on home prices, which have been edging up since the spring." For all property types, the sales-to-active listings ratio for September 2020 is 27.8 per cent. By property type, the ratio is 28.3 per cent for detached homes, 36.1 per cent for townhomes, and 24.8 per cent for apartments. Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,041,300. This represents a 5.8 per cent increase over September 2019, and a 0.3 per cent increase compared to August 2020. Sales of detached homes in September 2020 reached 1,317, a 76.8 per cent increase from the 745 detached sales recorded in September 2019. The benchmark price for detached properties is $1,507,500. This represents a 7.8 per cent increase from September 2019 and a 1.1 per cent increase compared to August 2020. Sales of apartment homes reached 1,596 in September 2020, a 36.9 per cent increase compared to the 1,166 sales in September 2019. The benchmark price of an apartment property is $683,500. This represents a 4.5 per cent increase from September 2019 and a 0.3 per cent decrease compared to August 2020. Attached home sales in September 2020 totalled 730, a 73 per cent increase compared to the 422 sales in September 2019. The benchmark price of an attached unit is $809,900. This represents a 5.2 per cent increase from September 2019 and a 0.4 per cent increase compared to August 2020. CommunityHappy Thanksgiving 2020Contact Us
0 Comments
Leave a Reply. |
|