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Just Sold - 23404 Whippoorwill Avenue, Maple Ridge, Cottonwood

Rancher-style Home

3 Bed, 2 Bath, 1,384sqft

New Price $989,000

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Located in Cottonwood, a desirable suburb of Maple Ridge, this well-kept single-level rancher is the one you have been looking for. Welcome to this 3 bed, 2 bath, 1384sqft home on a 6956sqft level lot at the top of a cul-de-sac. Features: laminate flooring throughout, separate living and dining rooms, spacious kitchen with eating area, access to a large covered patio & a cozy fireplace. The massive primary bedroom has 4pc ensuite and large walk-in closet. The 2nd and 3rd rooms are well sized. Other notables include: single car garage, mud/laundry room, hi-efficiency furnace, double glazed windows and plenty of natural light. Bonus: tons of parking, including RV parking, and fully fenced yard. Act Now! Call for your private viewing.

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Just Sold - 307 1345 Comox Street, Vancouver, Vancouver West

Your chance to own this meticulastly renovated 1 bed home situated in the heart of the West End. You’ll love coming home to this quiet oasis featuring open floor plan, brand new chef’s kitchen w caesarstone waterfall counter & custom cabinetry, spa inspired bath, white oak flooring throughout, custom built storage & all renovations by professional builders, designers & trades. Enjoy the best of indoor/outdoor living w stunning covered private terrace, 1 secure parking stall, and oversized storage locker. Pets & Rentals welcome.

Listing offered by: Macdonald Realty Westmar

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Just Sold - 2784 Mara Drive, Coquitlam, Coquitlam East

Endless Views

5 Bed, 4 Bath, 4,447sqft

Priced at $2,198,800

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Stunning, unobstructed South/East views; Mt. Baker, Golden Ears and more. Perched at a high point, offering unrivaled privacy, sits this completely renovated 5bed/4bath/3lvl/4,447sqft home on a massive 12,508sqft lot in Coquitlam East. Main: open layout, wall-wall windows offering an abundance of light, Brazilian cherry floors, large kitchen w/stone counters, Thermador 6 burner stove & top-line SS appls, den, family rm w/gas FP & access to deck overlooking the yard. Up: spacious primary w/spa inspired ensuite, 2 well-sized rms & 4th bed/rec room. Down: bedroom, 3pc bath, rec rm w/wet bar, wine fridge & built-in speakers, gym w/glass wall & tons of storage. Bonuses: large finished garage, EV charger, tankless HW, A/C, backup generator, copper piping & more. Act now!

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BC Markets Finding Balance at Low Levels of Activity

Vancouver, BC – November 14, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 5,373 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in October 2023, an increase of 1.8 per cent from October 2022. The average MLS® residential price in BC was $968,786 up 4.1 per cent compared to October 2022. The total sales dollar volume was $5.2 billion, representing a 6 per cent increase from the same time last year.

“Home sales have slowed as expected given high borrowing costs and a punishing stress test,” said BCREA Chief Economist Brendon Ogmundson. “However, the inventory of homes for sale remains quite low, despite a modest uptick in new listings. Consequently, markets have found balance, though at a very low level of activity.”

On a seasonally adjusted basis, active listings in the province have increased for the fifth consecutive month, but still remain low by historical standards and fall short of what is typically required for a sustainable market balance in the long term.

Year-to-date BC residential sales dollar volume was down 13.6 per cent to $63.1 billion, compared with the same period in 2022. Residential unit sales were down 105 per cent to 64,936 units, while the average MLS® residential price was down 3.4 per cent to $971,802.

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Provided by: BCREA

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Just Listed w/ a NEW PRICE - 137 1460 Southview Street, Coquitlam, Burke Mountain

Stunning Townhome

4 Bed, 4 bath, 1,900sqft

Priced at $1,099,900

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Burke Mountain: 1 of the best values available. Don't miss this one! South facing townhome complete with a fenced yard. Welcome to this 4bed/4bath/3lvl/1900sqft home located in Cedar Creek complex of desirable Burke Mountain. Main: 9' ceilings, great room style layout w/living area & kitchen w/SS appls, plenty of cupboard & counter space, island & breakfast bar, convenient pantry & access to large deck. Entertain in a formal dinning area w/cozy F/P & benefit from renovated powder rm & laundry. Up: large primary bedroom w/excellent closet space, 5pc ensuite w/dual sinks & soaker tub. The 2nd & 3rd rooms are well sized. Down: offers a huge room w/4pc bath; perfect for adult kids or guest room. Bonus: tons of storage, single car garage & covered carport. Act Now! Open Nov 18 & 19 from 2 to 4.

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Just Listed - 2784 Mara Drive, Coquitlam, Coquitlam East

Endless Views

5 Bed, 4 Bath, 4 447sqft

Priced at $2,198,800

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Stunning, unobstructed South/East views; Mt. Baker, Golden Ears and more. Perched at a high point, offering unrivaled privacy, sits this completely renovated 5bed/4bath/3lvl/4,447sqft home on a massive 12,508sqft lot in Coquitlam East. Main: open layout, wall-wall windows offering an abundance of light, Brazilian cherry floors, large kitchen w/stone counters, Thermador 6 burner stove & top-line SS appls, den, family rm w/gas FP & access to deck overlooking the yard. Up: spacious primary w/spa inspired ensuite, 2 well-sized rms & 4th bed/rec room. Down: bedroom, 3pc bath, rec rm w/wet bar, wine fridge & built-in speakers, gym w/glass wall & tons of storage. Bonuses: large finished garage, EV charger, tankless HW, A/C, backup generator, copper piping & more. Act now! Open Nov 12 from 2 to 4.

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Just Sold - 12431 188A Street, Pitt Meadows, Central Meadows

Family Home

4 Bed, 3 Bath, 2,198sqft

Priced at $1,198,800

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Solid family home in desirable Central Meadows neighborhood of Pitt Meadows. Excellent location close to: Pitt River & Golden Ears bridges, West Coast Express, schools, parks, recreation, shopping and much more. This 4bed/3bath/2198sqft home sits on a fully fenced, private & level west facing 6000sqft lot. Features: laminate flooring, spacious master w/ensuite, well sized 2nd & 3rd rooms, & freshly painted including exterior trim. Lower: can be easily suited w/separate access; perfect mortgage helper, & a layout that can accommodate space for upstairs living; rec room or additional bedroom. Bonus: 2 gas F/Ps, huge double car garage, plenty of driveway parking, 4y/o HW tank, 1y/o furnace.

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NEW PRICE - 23404 Whippoorwill Avenue, Maple Ridge, Cottonwood

Rancher-style Home

3 Bed, 2 Bath, 1,384sqft

New Price $989,000

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Located in Cottonwood, a desirable suburb of Maple Ridge, this well-kept single-level rancher is the one you have been looking for. Welcome to this 3 bed, 2 bath, 1384sqft home on a 6956sqft level lot at the top of a cul-de-sac. Features: laminate flooring throughout, separate living and dining rooms, spacious kitchen with eating area, access to a large covered patio & a cozy fireplace. The massive primary bedroom has 4pc ensuite and large walk-in closet. The 2nd and 3rd rooms are well sized. Other notables include: single car garage, mud/laundry room, hi-efficiency furnace, double glazed windows and plenty of natural light. Bonus: tons of parking, including RV parking, and fully fenced yard. Act Now! Call for your private viewing.

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Metro Vancouver housing market holds steady in October

VANCOUVER, BC – November 2, 2023 – An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver1 , but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market that we’ve been watching this fall,” Andrew Lis, REBGV’s director of economics and data analytics said. “Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might expect this time of year.”

There were 4,664 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2023. This represents a 15.4 per cent increase compared to the 4,043 properties listed in October 2022 and is 4.8 per cent above the 10-year seasonal average (4,449) for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,599, a 12.6 per cent increase compared to October 2022 (10,305). This change is also 0.6 per cent above the 10-year seasonal average (11,526).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2023 is 17.9 per cent. By property type, the ratio is 12.9 per cent for detached homes, 20.9 per cent for attached, and 21.5 per cent for apartments.

Analysis of the historical data suggests 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.

“With more supply in the form of resale inventory, and weaker demand in the form of slower sales, we’ve seen market conditions overall adjust towards more balanced conditions. It’s noteworthy that the multifamily segment remains more active than the detached segment at this time,” Lis said. “While the highest borrowing costs we’ve seen in over a decade continue to constrain affordability, a silver lining for buyers is that price increases have abated with these more balanced market conditions, meaning purchasing power is holding steady for the moment.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,196,500. This represents a 4.4 per cent increase over October 2022 and a 0.6 per cent decrease compared to September 2023.

Sales of detached homes in October 2023 reached 577, a 0.7 per cent decrease from the 581 detached sales recorded in October 2022. The benchmark price for a detached home is $2,001,400. This represents a 5.8 per cent increase from October 2022 and a 0.8 per cent decrease compared to September 2023.

Sales of apartment homes reached 1,044 in October 2023, a 4.9 per cent increase compared to the 995 sales in October 2022. The benchmark price of an apartment home is $770,200. This represents a 6.4 per cent increase from October 2022 and a 0.2 per cent increase compared to September 2023.

Attached home sales in October 2023 totalled 356, a 6.6 per cent increase compared to the 334 sales in October 2022. The benchmark price of a townhouse3 is $1,100,500. This represents a 6 per cent increase from October 2022 and a 0.2 per cent increase compared to September 2023.

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Provided by: REBGV

Editor’s Notes:

1. Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

2. REBGV is now including multifamily and land sales and listings in this monthly report. Previously, we only included detached, attached, and apartment sales, and these additional categories, which typically account for less than one to two per cent of total MLS® activity per month, are being included for completeness in our reporting.

3. In calculating the MLS® HPI, Altus Group uses a narrower definition of “attached” properties than is used by REBGV in our “attached” statistics, preferring to use “townhouse” as their benchmark property.

The Real Estate Board of Greater Vancouver is an association representing more than 15,000 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.

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NEW PRICE - 137 1460 Southview Street, Coquitlam, Burke Mountain

Stunning Townhome

4 Bed, 4 bath, 1900sqft

New Price $1,149,000

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Stunning South facing townhome complete with a fenced yard; perfect for fido or the kiddie pool. Your search ends here! Welcome to this 4bed/4bath/3lvl/1900sqft home located in Cedar Creek complex of desirable Burke Mountain. Main: 9' ceilings, great room style layout w/living area & kitchen w/SS appls, plenty of cupboard & counter space, island & breakfast bar, convenient pantry & access to large deck. Entertain in a formal dinning area w/cozy F/P & benefit from renovated powder rm & laundry. Up: large primary bedroom w/excellent closet space, 5pc ensuite w/dual sinks & soaker tub. The 2nd & 3rd rooms are well sized. Down: offers a huge room w/4pc bath; perfect for adult kids or guest room. Bonus: Smart Thermostats, tons of storage, single car garage, covered carport w/parking. Act Now! Open house Saturday, November 4th & Sunday, November 5th from 2-4pm.

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NEW PRICE - 842 Runnymede Avenue, Coquitlam, Coquitlam West

Stunning, Brand New Home

7 Bed, 8 bath, 5447sqft

New Price $3,398,800

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Luxury living at its finest. Top to bottom, in/out no expense spared. A 7bed/8bath/dbl garage/5447sqft home on a 7884sqft South facing level lot w/lane access in desirable Coquitlam West. Features: over height ceilings, 8 zone radiant heat, AC, 4 camera sec, Ubiquity WiFi, Fisher & Paykel appliance package, spice kitchen, guest bed on main floor, mud room, 2 bed legal suite, media room w/bar area; perfect for pool table, space for home gym, Sonos speaker system, rich designer feature walls & much more. The stunning great room has 20’ ceilings & direct yard access. Enjoy summer nights on the spacious covered deck w/speakers. Indulge in a stunning primary suite w/spa inspired ensuite, soaker tub & oversized shower. All this and a location that can’t be beat! Open house Saturday, November 4th from 2-4pm.

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High Rates Will Hold Back Sales Over the Next Year

Vancouver, BC – October 25, 2023. The British Columbia Real Estate Association (BCREA) released its 2023 Fourth Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 4.8 per cent to 76,700 units this year. In 2024, MLS® residential sales are forecast to post a modest rebound, rising 4.8 per cent to 80,375 units.

“Activity in the BC housing market has mirrored movements by the Bank of Canada over the past two years,“ said Brendon Ogmundson, Chief Economist. “As such, there is little reason to believe that sales will meaningfully detach from the anchor that is monetary policy over the next year. Thankfully, it appears that the Bank is at, or at least very near, the end of its tightening cycle and may begin lowering its policy rate late next year.”

After trending down for most of the year, new listings activity has normalized in the second half of 2023, which, combined with slowing sales, has led to a modest uptick in total inventory. Still, at just over 30,000 listings, the supply of homes for sale falls considerably short of the roughly 45,000 active listings that are historically consistent with a healthy, balanced market. Prices saw a significant increase in the first half of the year, but that surge in prices has since given way to a flattening trend as market conditions balance out, albeit at a low level of market activity. We expect a 1.9 per cent decrease in annual prices for 2023 compared to 2022, with a slight uptick expected in 2024, driven by a projected recovery in the latter half of the year.

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Provided by: BCREA

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.