Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to thebeginning of 2011.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® (MLS®) in January 2012. This represents a 4.9 per cent decrease compared to the 1,658 sales recorded in December 2011, a decrease of 13.3 per cent compared to the 1,819 sales in January 2011 and an 18 per cent decline from the 1,923 home sales in January 2010.

January sales in Greater Vancouver were the second lowest January total in the region since 2002, though only 146 sales below the 10-year average.

“We’re seeing trends emerge in our market that favour buyers, such as increased selection and more stability in pricing compared to this time last year,” Rosario Setticasi, REBGV president said. “Last month’s activity tells us that competition amongst home buyers was reduced in January, which means that individuals looking to purchase a home had more time to do their homework, consult with their REALTOR®, and make a decision.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,756 in January. This represents a 19.9 per cent increase compared to the 4,801 new listings reported in January 2011, and a 253.3 per cent increase compared to the 1,629 new listings reported in December 2011.

Last month’s new listing count was the highest January total in Greater Vancouver since 1995. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,544, a 12.5 per cent increase compared to December 2011 and an increase of 20.2 per cent compared to January 2011.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.

It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below.

Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.

More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others. For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.

Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales recorded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471.

Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396.

Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December 2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an attached unit increased 4.2 per cent between December 2010 and 2011 to $511,499.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.

Looking back further, last month’s residential sales total is 5.8 per cent below the ten-year average for sales in November.

The pace of home listings entering the market eased slightly in November, compared to recent months, while sale levels remained fairly normal for this time of year. November activity helped put our market firmly in balanced territory.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,222 in November. This represents a 26.3 per cent decline compared to the 4,374 new listings reported in October 2011, but a 6.3 per cent increase compared to November 2010 when 3,030 properties were listed for sale on the MLS®.

Looking back further, last month’s new listing total is 2.1 per cent above the ten-year average for November.

The total number of properties currently listed for sale on the Greater Vancouver MLS® sits at 14,090, a decline of 9 per cent compared to October 2011 but an increase of 13 per cent when compared to this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.2 per cent to $622,087 in November 2011 from $580,080 in November 2010.

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.4 per cent.

Sales of detached properties on the MLS® in November 2011 reached 916, a decrease of 12.8 per cent from the 1,050 detached sales recorded in November 2010, and a 21.3 per cent decrease from the 1,164 units sold in November 2009. The benchmark price for detached properties increased 11.4 per cent from November 2010 to $890,204.

Sales of apartment properties reached 1,000 in November 2011, a 4.9 per cent decrease compared to the 1,052 sales in November 2010, and a decrease of 28.4 per cent compared to the 1,396 sales in November 2009. The benchmark price of an apartment property increased 2.7 per cent from November 2010 to $399,686.

Attached property sales in November 2011 totalled 444, a 9.1 per cent increase compared to the 407 sales in November 2010, and a 15.1 per cent decrease from the 523 attached properties sold in November 2009. The benchmark price of an attached unit increased 4.5 per cent between November 2010 and 2011 to $510,960.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions. Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.

The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.

Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.

Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.

Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.

There's more competition amongst home sellers in today's market, providing more options for prospective buyers. Buyers now have more properties to choose from and more time to make decisions compared to the spring season.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,680 in September, the third highest volume for September in 17 years. This represents a 20.1 per cent increase compared to September 2010 when 4,731 properties were listed for sale on the MLS® and a 21.2 per cent increase compared to the 4,685 new listings reported in August 2011.

The number of properties listed for sale on the Greater Vancouver MLS® system has increased each month since the beginning of the year. At 16,085, the total number of residential property listings on the MLS® increased 4.6 per cent in September compared to August 2011 and rose 4.4 per cent compared to this time last year.

Our sales-to-active-listing ratio currently sits at 14 per cent, which is the lowest it’s been this year. Generally analysts say that a buyer’s market takes shape when the ratio dips to about 12 to 14%, or lower, for a sustained period of time.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 8.8 per cent to $627,994 in September 2011 from $577,174 in September 2010.

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 0.5 per cent.

Sales of detached properties on the MLS® in September 2011 reached 957, an increase of 10.5 per cent from the 866 detached sales recorded in September 2010, and a 32.8 per cent decrease from the 1,423 units sold in September 2009. The benchmark price for detached properties increased 13.4 per cent from September 2010 to $896,701.

Sales of apartment properties reached 922 in September 2011, a 5 per cent decrease compared to the 971 sales in September 2010, and a decrease of 38.1 per cent compared to the 1,489 sales in September 2009. The benchmark price of an apartment property increased 4.4 per cent from September 2010 to $405,569.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents an eight per cent increase compared to the 2,202 sales in August 2010, but also ranks as the third lowest total for August in the last 10 years.

MLS® statistics continue to indicate that we’re in a balanced market.  However, with a sales-to-actives listings ratio of 15 per cent, Greater Vancouver is in the lower end of a balanced market and has been trending toward a buyers’ market over the past three months.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,685 in August. This represents a 24.9 per cent increase compared to August 2010 when 3,750 properties were listed for sale on the MLS® and an eight per cent decline compared to the 5,097 new listings reported in July 2011. Last month’s new listing total was the highest volume recorded for August in 16 years.

At 15,437, the total number of residential property listings on the MLS® increased 1.4 per cent in August compared to July 2011 and rose 0.1 per cent compared to this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 8.5 per cent to $625,578 in August 2011 from $576,597 in August 2010.

Year over year, prices are up. However, in the detached home category, benchmark prices have come down slightly in each of the past two months. It’s important for people entering the market to understand that activity can differ significantly depending on the area and property type.

Sales of detached properties on the MLS® in August 2011 reached 1,020, an increase of 14.2 per cent from the 893 detached sales recorded in August 2010, and a 25.4 per cent decrease from the 1,367 units sold in August 2009. The benchmark price for detached properties increased 11.7 per cent from August 2010 to $888,243.

Sales of apartment properties reached 955 in August 2011, a 2.1 per cent increase compared to the 935 sales in August 2010, and a decrease of 34.8 per cent compared to the 1,464 sales in August 2009. The benchmark price of an apartment property increased 5.6 per cent from August 2010 to $407,457.

Attached property sales in August 2011 totalled 403, a 7.8 per cent increase compared to the 374 sales in August 2010, and a 33.9 per cent decrease from the 610 attached properties sold in August 2009. The benchmark price of an attached unit increased 4.5 per cent between August 2010 and 2011 to $511,433.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,571 in July, a 14 per cent increase compared to the 2,255 sales in July 2010 and a 21.2 per cent decline compared to the 3,262 sales in June 2011.

We’re seeing less multiple offer situations in the market today compared to the last few months, but our members tell us that homes priced competitively continue to sell at a relatively swift pace. It’s taking, on average, 41 days to sell a property in the region, which is unchanged from June of this year.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,097 in July. This represents a 23.2 per cent increase compared to July 2010 when 4,138 properties were listed for sale on the MLS® and a 12 per cent decline compared to the 5,793 new listings reported in June 2011.

Last month’s new listing total was 8.6 per cent higher than the 10-year average for July, while residential sales were 17.3 per cent below the ten-year average for sales in July.

At 15,226, the total number of residential property listings on the MLS® increased 0.8 per cent in July compared to last month and declined 7.3 per cent from this time last year. The number of homes listed for sale in the region has increased each month since the start of the year, which is giving buyers more selection to choose from and more time to make decisions.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 9.2 per cent to $630,251 in July 2011 from $577,074 in July 2010.

Sales of detached properties on the MLS® in July 2011 reached 1,099, an increase of 21 per cent from the 908 detached sales recorded in July 2010, and an 31.9 per cent decrease from the 1,614 units sold in July 2009. The benchmark price for detached properties increased 13.3 per cent from July 2010 to $898,886.

Sales of apartment properties reached 1,040 in July 2011, a 6.2 per cent increase compared to the 979 sales in July 2010, and a decrease of 39.1 per cent compared to the 1,708 sales in July 2009. The benchmark price of an apartment property increased 4.5 per cent from July 2010 to $405,306.

Attached property sales in July 2011 totalled 432, a 17.4 per cent increase compared to the 368 sales in July 2010, and a 45.5 per cent decrease from the 792 attached properties sold in July 2009. The benchmark price of an attached unit increased 6.9 per cent between July 2010 and 2011 to $524,909.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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PRICE BELOW ASSESSED VALUE $38,000. Exceptional 3 level downtown Vancouver townhouse at Concord's Landmark 33. This rarely available home has tons of space with over 1,500 sq ft, 3 lge decks off of each level including a 180 sq ft roof top deck that gets lots of sunshine and best of all, your own huge private 2 car garage leading right up into your suite. Good sized master bedroom with ensuite and walk in closet, extremely durable linoleum floors, new modern window coverings, new designer paint throughout, brand new front loading washer and dryer, stainless steel appliances and open kitchen concept. CONCRETE Building has Club H20, including full gym, lap pool, hot tub, squash court, games and party room and 24 hr security and concierge.

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305-1066 HAMILTON ST

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Looking back further, last month’s residential sales are 8.1 per cent below the ten-year average for sales in May. The three highest selling Mays ever recorded occurred in 2005, 2006 and 2007 when sales exceeded the 4,000 mark each year.

“With a sales to active listings ratio of 23 per cent, conditions continue to favour sellers in the Greater Vancouver housing market, but activity has eased away from the near record-setting pace we saw in March,” Rosario Setticasi, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,931 in May 2011. This represents a 15.4 per cent decrease compared to May 2010 when 7,014 properties were listed for sale on the MLS®, which was the second highest total for May on record. Last month’s new listings increased 1.4 per cent compared to April 2011.

At 14,656, the total number of residential property listings on the MLS® increased 2 per cent in May compared to last month and declined 16 per cent from this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months increased 6.2 per cent to $627,568 in May 2011 from $590,662 in May 2010.

 “We’re seeing more activity at the high end of our market this year than we did one year ago. This is causing today’s average prices in the region to be less reflective of the total activity occurring in the marketplace,” Setticasi said. “The Housing Price Index benchmark prices are more accurate, reliable indicators of housing prices compared to averages.”

Of all residential properties sold on the MLS® in Greater Vancouver in 2011 to date 21 per cent sold for $1-million or higher and 20 per cent sold for $350,000 or lower. While 77 per cent of the properties that sold for over $1-million were located in West Vancouver, the Westside of Vancouver or Richmond, the properties that sold for $350,000 or lower were located throughout the entire Board area.

Sales of detached properties on the MLS® in May 2011 reached 1,570, an increase of 25 per cent from the 1,256 detached sales recorded in May 2010, and a 12 per cent increase from the 1,402 units sold in May 2009. The benchmark price for detached properties increased 10 per cent from May 2010 to $890,833.

Sales of apartment properties reached 1,228 in May 2011, a 9.3 per cent decrease compared to the 1,354 sales in May 2010, and a decrease of 15.8 per cent compared to the 1,458 sales in May 2009. The benchmark price of an apartment property increased 2.2 per cent from May 2010 to $407,419.

Attached property sales in May 2011 totalled 579, a 6 per cent increase compared to the 546 sales in May 2010, and a 12.8 per cent decrease from the 664 attached properties sold in May 2009. The benchmark price of an attached unit increased 3.5 per cent between May 2010 and 2011 to $517,787.

For updates and reports relating to more specific neighbourhoods contact Dean Wegman here.

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908-888 HAMILTON ST

Welcome to this spacious, beautiful & ready to move-in Vancouver downtown condo at Yaletown's Rosedale Garden! Overlooks tranquil garden,has some mountain& city views from the relaxing patio, on quite side of the building.Functional layout 2 bdr +den,2baths suite w/ huge living,separate dining area,large kitchen w/eat-in area,plus office/den.Unit completely renovated w/solid oak wood cabinetry in kit & baths, S/S appls,granite countertops, crown mouldings, baseboards, new lightings,HW laminate,window coverings and much more.Bring your king sized bed,large dining room suite,BBQ & puppy of any size.Complex has live-in caretakers,proactive council,pet & rental friendly.1 parking&l storage.

Just reduced from $549,888 to $539,888

 For more photographs or information on this Vancouver downtown condo click this link or contact downtown specialist Dean Wegman here.

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Extremely spacious and bright 1 Br & Den suite in fabulous TV Towers II. All the extras w/great kitchen,amazing bldg amenities and fab location! Enjoy Easterly views and a great open floorplan.Come have a look!

Just reduced from $518,800 to $508,000

 For more photographs or information on this Vancouver downtown condo click this link or contact downtown specialist Dean Wegman here.

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THE SPOT, As the name suggest you have found your Spot. Gorgeous SW facing TWO level downtown Vancouver loft. 16' high ceilings & 14' of windows. Quiet & private location on the courtyard level & steps away from exercise room. Perfect Urban living with one of the best floor plans in the building also allows access to one of the best rooftop decks in the city. After a long day at work what a better way to relax on the shared courtyard level with friendly neighbors & perfect unit to entertain friends. Must see unit.

Just reduced from $475,000 to $439,000

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901-1238 BURRARD ST

ALTADENA - downtown Vancouver condo in prime central location. Featuring one bedroom, flex room plus enclosed solarium. High ceiling, granite countertops, S/S appliances, living room with gas fireplace. Amenities include fitness studio with exercise equipment, lounge, sauna, steam room and media room. Walking distance to shops, restaurants, entertainment & Yaletown. Good opportunities for own use or investment.

Just reduced from $398,000 to $385,000

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Enjoy panoramic city and water views from this gem perched high on Yaletown's edge. Rarely available in this trendy Loft Building, this single-level, one Bedroom Vancouver downtown condo featuring a spacious open plan, floor-to-ceiling windows and private south facing balcony. This suite is stunning in it's designer appeal. Well managed complex, just steps away from shops, parks & some of the city's finest restaurants. 1238 Seymour boasts a newer exercise facility, secured parking, secure storage, a building lounge and full time resident caretakers. If you're looking for that perfect piece of Downtown 'Space'...look no further. You won't be let down! Note to investors, seller would like to rent back from purchaser after the sale.

Just reduced from $474,888 to $449,000

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"The Grace" --this spacious and elegant downtown Vancouver condo offers over 1100 sq ft in one of the most iconic buildings in Vancouver. This tastefully appointed 2 bedroom 2 bath suite with exceptional finishing includes marble and cherry hardwood floors, high ceilings and crown moulding. An open concept kitchen boasts deep cherry stained cabinets with black granite countertops and high end appliances. Enjoy luxurious living with direct elevator access to your suite, fingerprint security system, 2 parking spots, in-suite storage and additional storage. For showings, allow 24 hours notice.

Just reduced from $1,069,000 to $999,000

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1105-1331 HOMER ST

Located at the vibrant Yaletown and just a block from David Lam Park. This well maintained building offers top value in urban living. Great view of False Creek, and Westside from every room, huge floor to ceiling windows bring in tremendous amount of light. Upgraded granite countertop with undermount sink, stainless steel appliances, modern bathroom with marble tiles, laminate wood floors throughout and cozy radiant floor heating. Super deal for a spacious 1 bedroom Vancouver downtown condo with open den for 790 sq ft.

Just reduced from $448,800 to $429,900

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1005-1199 SEYMOUR ST

Best exposure in the Brava building, views of city park False Creek. Updated 1 bedroom with enclosed solarium, features open kitchen, granite counter tops, new laminated floor, designer colour, Bonus home office space, parking and super amenities including outdoor pool, hot tub, gym, theatres, party room. Walk to transit, downtown, restaurants. Rentals and pets allowed.

 Just reduced from $418,000 to $408,000

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Yaletown Park II elegant downtown Vancouver townhouse for sale. This two level, bright corner unit with 10' ceilings and top of the line finishings include: granite counters, ss appliances, hardwood floors. The suite features 2 bed on the top floor with 3 bath and large insuite storage that can be used as a separate den/office. Situated in the heart of Yaletown just steps to restaurants, shopping and bars. Parking and Locker included! Amenities include: Exercise centre, ping pong table & theatre room, located on lobby level. Pets and Rentals OK. Come and see for yourself!

Just reduced from $778,888 to $773,888

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807-950 CAMBIE ST

Beautifully renovated immaculate 2/3 bdrms downtown Vancouver condo, currently being rented as a 3 bdrm ste, rented at $3,400/mo, May 01st, 6 months as a fully furnished unit, great for investors! Great layout, large living room & dining room combined, open kitchen with new stainless appliances, granite counters and tile floors, really shows off the beautiful kitchen. Bathrooms are stunning with granite counters, nice lighting and decorated well. Suite has been decorated beautifully and shows very well... call today to view.

Just reduced from $625,000 to $599,000

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Welcome to "Robinson Tower". Situated in the heart of Yaletown. This renovated Vancouver downtown condo is south facing with a very good view of the Public Park, provided by the city. Well run building with no problems. Both bathrooms & the kitchen have recently been upgraded. Two parking stalls & lots of visitor parking. No rental restrictions & yes, your pet is allowed here. Top notch wood flooring and stone countertops in both kitchen and bathrooms, make this a must see suite.

Just reduced from $679,000 to $648,888

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2309-928 HOMER ST

Enjoy spectacular Yaletown view from this rarely available 1 bedroom 09 floor plan downtown Vancouver corner condo. Functional layout features much larger than actual size. Spacious bedroom overlooks False Creek, Yaletown & can accommodate complete queen size bedroom furniture set. This stylish home finished in Yaletown colour scheme, has stone countertops & designer fixtures in kitchen and the bathroom, ensuite laundry, 1 parking stall & a good size outdoor balcony. Great amenities in the building such as fitness center, guest suite, meeting room, garden & concierge services. Enjoy Urban Lifestyle in the heart of Downtown: Seawall, many beautiful parks, trendy boutiques, shopping, restaurants and professional hockey, soccer and football!

Just reduced from $418,000 to $399,000

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180 degree water VIEW from every room! This elegant, stylishly renovated Vancouver downtown condo with open concept layout, den removed, granite countertops in kitchen & bathrooms, new engineered hardwood floors & tiles, new paint, new doors, IS A MUST SEE. The building features resort like amenities: Club H20 (squash, gym, pool, sauna, hot tub), lounge with big TV screen (in & outdoor space), vending machines, 24/7 concierge. Convenient prestigious Yaletown location near the marina, skytrain, shops, restaurants.

Just reduced from $707,000 to $699,900

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902-188 KEEFER PL

2 bedrooms, 2 full bathroom & den, excellent layout & in a convenient location. This Vancouver downtown condo is in great condition with excellent amenities indoor pool, hot tub, fitness centre, sauna & theatre. Nearby T&T, Tinseltown, downtown & skytrain.

Just reduced from $489,900 to $475,900

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309-1255 SEYMOUR ST

EXTRAORDINARY VALUE! At $600/sf you MUST SEE this RE-DESIGN of 900sf 2br to Large 1 br + 2full baths.Uniquely situated CORNER suite for those who LOVE TO ENTERTAIN. Simply stunning, quiet downtown condo, floating over the garden has 2-OVERSIZED PATIOS. Bring your large scale furniture! 2nd bdrm was open to create 20' of living space, open-plan office & dining room that easily accommodates party for 10. Luxurious spaciousness updated with wide plank dark oak h/w floors, designer lighting, blinds, fixtures even a pantry for your 60 favourite wines! On the edge of Yaletown, w/all the conveniences of Living in the City-shops, dining, seawall-all just steps away. XXL parking for SUV&Vespa, Lux Amenities & LOW mtnc fees!

Just reduced from $549,900 to $539,000

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Highly renovated 3-Bedroom + Den, 3-Bath on the 21st floor with two private outdoor terraces. You will be impressed with the 9' ceiling heights, expansive windows, 1,467 SqFt of exceptional living space. $200,000 have been spent on remodeling this vancouver downtown condo to a high level of finish. No detail has been missed! Top-of-the-line European kitchen featuring brands like Fisher&Paykel, Fagor, Molteni & Blanco. Amazing northwest views of water, city and mountains. Many amenities to enjoy. Indoor pool, hot-tub, sauna, fitness room, 2 secure parking & storage. This ideal location is where you want to be. Close to Vancouver's finest restaurants, Urban Fare, Roundhouse Community Centre, Canada Line & seawall.

Just reduced from $1,299,000 to $1,250,000

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405-480 ROBSON ST

Live in the heart of all the action. Super cool spacious 1 bdrm plus den downtown Vancouver condo at R & R. You are going to love the 700 sq ft wrap around outdoor patio. Truly unique in the heart of DT. Suite is situated on East corner overlooking towards Library Square. Move in condition, this suite and location is a winner.

Just reduced from $529,000 to $519,000

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The Patina by Concert Properties. This New Air-Conditioned 2 BDR Luxury Condo with 9 ft ceiling has state-of-art technology, Island Kitchen w/Meile and Liebherr appliances, soft closing cabinet doors, Spa inspired heated bathroom floors.This unit will please any Buyer that wants top quality, prime downtown location, close to shops, restaurants, theatres, art gallery, and much more. A pleasure to show.

Just reduced from $988,000 to $972,800

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Gastown's newest, trendiest place to be, at the prestigious WOODWARDS Building. Soaring water views from the 17th floor of Canada Place. Walking distance to both Rogers Arena and BC Place Stadium. Comes with 1 PARKING for your convenience. Stainless steel appliances, wood floors, vessel sink, both shower and tub, gas burner, granite counters are all included in this affordable new condo. Spa-like amenities makes this a perfect buy. NO GST/HST!

Just reduced from $399,000 to $394,900

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,512 sales in April 2010 and a 21 per cent decline compared to the 4,080 sales in March 2011.

Looking back further, last month’s residential sales represent an 8.8 per cent increase over the 2,963 residential sales in April 2009, relatively unchanged compared to April 2008, and a 4.8 per cent decline compared to the 3,387 sales in April 2007.

“While it continues to be a seller’s market in Greater Vancouver, last month’s activity brought greater balance between supply and demand in the overall marketplace,” Rosario Setticasi, REBGV president said. “The year-over-year decline in April sales can be attributed to a less active condominium market on our MLS®, as there were more detached and townhome sales this April compared to last year.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,847 in April 2011. This represents a 23.5 per cent decline compared to April 2010 when 7,648 properties were listed for sale on the MLS®, which was an all-time record for April. Compared to March 2011, last month’s new listings total registered a 14 per cent decline.

At 14,187, the total number of residential property listings on the MLS® increased 8.2 per cent in April compared to last month and declined 10 per cent from this time last year.

“There’s considerable variation in activity within the communities in our region. This is causing home price trends to differ depending on the area,” Setticasi said. “Your local REALTOR® is a valuable resource for obtaining the most accurate, up-to-date market evaluation.”

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5 per cent to $622,991 in April 2011 from $593,419 in April 2010.

Sales of detached properties on the MLS® in April 2011 reached 1,402, an increase of 2.3 per cent from the 1,370 detached sales recorded in April 2010, and a 17.8 per cent increase from the 1,190 units sold in April 2009. The benchmark price for detached properties increased 7.4 per cent from April 2010 to $879,039.

Sales of apartment properties reached 1,201 in April 2011, a 21.3 per cent decrease compared to the 1,526 sales in April 2010, and an increase of 1.9 per cent compared to the 1,179 sales in April 2009. The benchmark price of an apartment property increased 2.9 per cent from April 2010 to $409,242.

Attached property sales in April 2011 totalled 622, a 1 per cent increase compared to the 616 sales in April 2010, and a 4.7 per cent increase from the 594 attached properties sold in April 2009. The benchmark price of an attached unit increased 2.4 per cent between April 2010 and 2011 to $514,670.

Beautiful one bdrm and den (can be used as 2nd bedroom)downtown Vancouver condo  with insuite storage, in the well desired Yaletown Park. Only minutes away from trendy restaurants, lounges, shopping, Canada Line Skytrain Station, Robson, seawall and much more. Nice and bright corner suite with stunning views of False Creek and City. Includes one parking stall and one storage locker.

Just reduced from $465,000 to $454,800

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303-283 DAVIE ST

Two bedrooms plus den, in a great Yaletown address Pacific Plaza I. This downtown Vancouver condo  is renovated with open kitchen, flooring and new counter tops. Large bedrooms, open floor plan, move in condition. Very well cared for unit, well managed building with spa like indoor pool, sauna, gym & hot tub and bike room. Steps from the seawall, close to restaurants, shopping and the Canada Line/Skytrain. Maintenance fees include hi speed internet,cable,heat and hot water. A great unit offering the best of Yaletown living, a must see.

Just reduced from $715,000 to $698,000

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In the heart of 'Crosstown' Vancouver, this 9 storey contemporary residential tower offers convenience & comfort beyond imagination. 33 Living, downtown Vancouver loft style living with an open floor plan, custom millwork, 10' ceiling. Walnut custom cabinets & large format slate floor throughout will impress the most sophisticated buyer. The bathroom: sliding frosted glass door, floating vanity, Hytec tub and separate frameless glass shower with rain showerhead. Located in Vancouver's NEXT upcoming neighbourhood, Crosstown, where you're close to everything: Downtown, Skytrain, Seabus, Rogers Arena, BC Place, recreation, entertainment, theatres, bars & restaurants. Be a part of Vancouver's 'Crosstown'!!!

Just reduced from $389,900 to $374,900

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Enjoy spectacular Yaletown view from this rarely available 1 bedroom 09 floor plan corner home. Functional layout features much larger than actual size. Spacious bedroom overlooks False Creek, Yaletown & can accommodate complete queen size bedroom furniture set. This stylish home finished in Yaletown colour scheme, has stone countertops & designer fixtures in kitchen and the bathroom, ensuite laundry, 1 parking stall & a good size outdoor balcony. Great amenities in the building such as fitness center, guest suite, meeting room, garden & concierge services. Enjoy Urban Lifestyle in the heart of Downtown: Seawall, many beautiful parks, trendy boutiques, shopping, restaurants and professional hockey, soccer and football!

Just reduced from $429,000 to $418,000

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Perfectly laid out, bright SE, 1 bdrm & flex rm w/balcony downtown Vancouver condo in Yaletown Park 2! Loads of windows to enjoy the views over False Creek water/city. Featuring brand new name appls, Peninsula open-style kitchen, built in wine rack, polished stone kitchen counter, Italian marble & Italian polished chrome faucets in bathroom, enclosed den for use as office. Situated in Yaletown's epicenter including cafes, boutique shops & restaurants. Close to the False Creek seawall, the world's best recreation at you doorstep with a park, marina, library, GM Place, GM Place, BC Place & all of YT's internet companies & creative agencies. Solid bldg w/exercise ctr, guest suite, lounge & concierge. 1 prkg & storage, pets & rentals

Just reduced from $424,888 to $418,888

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1401-289 DRAKE ST

 UNOBSTRUCTED VIEW of DAVID LAM PARK & FALSE CREEK WATERS from living room in PARKVIEW TOWERS. Beautifully UPDATED 1205 sq ft spacious CORNER Vancouver downtown condo with 2 bedroom & den with SHOJIO sliding doors to create a blend of form & function (possible 3rd bedroom). High end laminate floors throughout main rooms. Never floor to ceiling WINDOWS with roller sun screens in living room. Building Envelope Remediation WARRANTY until 2017. AMENITIES include indoor pool, hot tub, sauna, exercise room, bicycle room. On the edge of YALETOWN with URBAN FAIR & the CANADA LINE just 1 BLK away.

Just reduced from $699,000 to $674,800

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309-1252 HORNBY ST

Pure and Clean! This sunny, large, Open, 1 bedroom condo in downtown Vancouver is perfect for the individual who is seeking a unique, modern city home or investment. Feel safe in this concrete building with remaining warranty. Crisp white tile flooring, stainless steel appliances, Euro kitchen with a huge island, perfect for entertaining. Sit on your Sunny large patio, work out in the gym or walk to all of the amenities that downtown offers. Parking, insuite storage and laundry are just a few other perks a home in this boutique building has to offer.

Just reduced from $409,000 to $399,900

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Bright NE corner unit right on Hornby & Smithe with broad open city views. Looking down courthouse, Robson Square, Art Gallery & far further. This one bedroom + bedroom sized solarium (could be 2nd bedroom) & den features open kitchen, granite countertop & hardwood floor. Electric avenue has excellent amenities including big club house, exercise centre, theatre room & rooftop garden. The most convenient location in Downtown Vancouver and restaurants, stores & theatre just steps away.

Just reduced from $588,000 to $578,000

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Brand New 2-bedroom plus den condo in downtown Vancouver. Enjoy City & Mountain views from this home in the exclusive Capitol Residences located at Robson & Seymour. Close to the entertainment/financial district, transit, sky train, Robson Street & minutes to many trendy shops.

Just reduced from $779,000 to $768,000

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Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

To see previous sales updates click here. 

BRAVA - centrally located in Yaletown. fantastic park view, fully open layout with 1 bed + den + solarium, new laminate flooring throughout, new painting, building includes an outdoor swimming pool, hot tub, exercise center, sauna, steam room, theatre, lounge, meeting room, kid's play room, and guest suite. 1 parking, 1 storage locker. Pets allowed, rentals allowed.

Just reduced from $418,000 to $408,000

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302-1001 HOMER ST

THE BENTLEY located in Vancouver's Downtown Core with all the conveniences at your door step: YALETOWN within 2 minutes walk, enjoy the trendy spots like Glowball Grill, Blue Water Cafe & Bistro Sakana; DAVID LAM PARK/ ROUNDHOUSE COMMUNITY CENTRE/CANADA-LINE or ROBSON STREET with its world class shopping/ restaurants & entertainment district. Invest with confidence in this concrete highrise (fully rainscreened), amenities include exercise & garden area, hot tub & a generous party room to accommodate any family function. The finishing & floor plan is top notch: 475 sf garden patio, floor to ceiling windows throughout, higher ceilings, granite & marble countertops, SS appliances, laundry, locker & parking.

Just reduced from $448,000 to $439,900

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4006-128 CORDOVA ST W

Excellent priced downtown Vancouver Sub-Penthouse with completely unobstructed 270 degree views over the adjacent building and to the mountains, Burrard Inlet, Mt. Baker and the City Heritage skyline. You'll love the open floor plan, air conditioning (not available in most suites), floor-to-ceiling windows, over-height ceilings, European custom kitchen, polished stone counters, AEG gas cooktop with LG stainless steel appliances, in-suite laundry and parking for 2 cars in W43! No GST/HST and No Property tax for next 2 years! Fees include heat, internet and the access to the incredible Club W Penthouse with 4600 sq. ft of sunning amenities on the top 2 floors of the building.

Just reduced from $859,000 to $839,000

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Stylish & sophisticated, located in best street of Historic Yaletown. This downtown Vancouver condo looks over popular Hamilton Street & the best shops & restaurants in Vancouver. The Ellison is a heritage Warehouse loft conversion, completed in 2007. This large loft-style 1 bedroom features 10 ft ceilings, walnut strand floors, glass slider wall enclosures, oversize shower with rain shower head, Asko washer/dryer, island counter, stainless steel appliances, storage locker & lots of great features.

Just reduced from $669,000 to $659,000

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901-1238 SEYMOUR ST

The SPACE building! 16' ceilings with lots of natural light and a very private, open south-exposure to the city and the marina. This downtown LOFT includes parking, and a large walk-in closet. 2 large meeting rooms in the lobby. There's one solarium which is good as an office, and a spiral staircase leading to your upper SPACE solarium. Great location, steps to Yaletown, the marina, shopping and 3 huge parks! Actual square footage is 708 SqFt, and has a very functional layout. If you're looking for a great LOFT SPACE, welcome home, it is here for you! Very LOW maintenance fee! It is an excellent investment opportunity with recent rent over $1,500. Rentals are welcomed!

Just reduced from $439,000 to $425,000

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Rare Yaletown top flr downtown Vancouver townhouse-style two level two bedrm w/views across David Lam park to False Creek. Relish the privacy of an end-unit w/over 400 sqft of exclusive roof terrace, accessible from the main and upper flr levels - a great space for entertaining, gardening or your own personal enjoyment. If you are downsizing you'll appreciate the terrific storage, the house-sized rooms, the spacious master bedrm w/walk-through closet and ensuite bathrm plus insuite laundry, a computer nook and a bright solarium/bonus room. The building is rainscreened (10 yr warranty) w/full recreation facilities including indoor pool, sauna and gym. Steps to Canada Line, Roundhouse Community Centre shops & restaurants.

Just reduced from $788,500 to $768,000

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TH8-63 KEEFER PL

This amazingly spacious 3 bdrm & 2.5 bathrooms downtown townhome with SW & NE exposure has entry from a beautiful & quiet courtyard on the 5th floor. A good size private patio, a S/D & balcony, nice outdoor spaces. Original owner spent over $60,000 for upgrades such as cozy dining area, lots of cabinets, remodelled powder room & bathrooms, etc by famous interior designer. Excellent move-in condition. Fabulous building facilities include a gym, indoor pool, sauna, theatre room, concierge, etc. Close to Skytrain station, childcare center and the mall. Excellent value for this price.

Just reduced from $599,000 to $549,000

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"Dolce" Brand new & no HST 2 level townhome w/private entrance. Bright & spacious w/floor to ceiling windows, 2 bedroom + flex room. Open kitchen w/high end appliances & stainless steel counter, hardwood floors, insuite laundry, fireplace & bathrooms. Parking & locker, 2 balconies & Yes 2-5-10 Warranty. This exceptional townhome is a "Truly" Yaletown look. Superb location walking distance to Robson shops, transit & restaurants. Pets & rentals allowed. Ready to Move in today!!!

Just reduced from $939,900 to $899,000

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1202-1280 RICHARDS ST

Gorgeous custom suite in "The Grace Residences". This west facing suite has rich Wengei African hardwood floors, 2 custom fireplaces, lighting, window coverings, paint and a spectacular custom high end kitchen with superb marble counters. Over $175k spent! In flawless condition a truly must see suite. Excellent layout with 2 bedrooms on opposite sides, large entertaining open plan, dedicated den, geothermal heating, biometric fingerprint entry system, and 10 ft ceilings. A rare residence with a great sense of flow & elegance. Highlighted by the gourmet kitchen and extended bar, loaded with 2 ovens, dbl Fisher Paykel d/w, Sub Zero fridge. Mbed fireplace. Only 2 suites on the floor, Rolls Royce limo and concierge service.

Just reduced from $1,845,000 to $1,795,000

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2409-108 CORDOVA ST W

Stunning, sweeping views of Burrard Inlet, Stanley Park, the snow capped North Shore Mountains & the luminous city lights from every room in this amazing home at the highly acclaimed Woodward's! Be proud to call this 2 bedroom, 2 bath, corner suite, your own - featuring: hardwood floors, polished stone countertops, German AEG & Eggersman kitchen, 2 balconies (1 which is extra large and water facing) & direct underground parking. This is the most desirable 2 bedroom floor plan in the development and the only 2 bedroom suite type in the W32 building. An exclusive & rare opportunity! Complete access to the famous Club W and only footsteps to all other conveniences. No property tax for first 3 years.

Just reduced from $739,000 to $709,000

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For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

To see previous sales updates click here. 

Steps to literally anywhere you would want to be. This fantastic sub penthouse level 1 bdrm + den, in the heart of the entertainment district is perfect. A massive balcony, gas range, parking, 1 year old bamboo flooring throughout & bathroom make this the property you bathroom & lighting have been waiting for you. An absolute pleasure to show, so do not delay! Open House, Sunday, April 3rd, 2-4PM. Please be mindful measurements are approximate & should be verified by the buyer if deemed important.

Just reduced from $389,900 to $375,000

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505-36 WATER ST

Located in hip & trendy Historic Gastown on Water St. The TERMINUS building is a unique blend of old & new. This large 744 SF one bdrm suite has a sleek modern contemporary loft interior, featuring integrated kitchens with Bosch appliances, European front loading washer & dryer, Philippe Starck Linear bathroom, Strand H/W flooring, geothermal heating & air conditioning, private patio. Common areas includes fabulous roof top deck with BBQ area, lounge with peek-a-boo Mtn view. Step out your front door & enjoy - Salt, Chill Winston, Jules Bistro, Water St Cafes, Irish Heather, Bonetta, Inform, Koolhaus & brand new Nestler's Market & London Drugs. Bonus! This suite comes with ONE SECURED PARKING STALL ON SITE.

Just reduced from $514,900 to $499,000

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PH6-1238 BURRARD ST

Downtown penthouse. Mountain and some ocean views this 1 bedroom is 709 sq ft plus 2 balconies totalling 246 sq ft for a total of 955. Stainless steel appliances, hardwood floors, granite counters. Amenities include sauna, gym, recreation room, barbecues ok, small pet ok, 1 parking space.

Just reduced from $549,000 to $529,000

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This unique and stunning home is spread over two floors with house size living room, kitchen and bedrooms. 2 bedrooms, 3 bathrooms, all with 9 or 10 ft ceilings. Your fenced yard is high above the street level, buffered by trees, shrubs and beautifully landscaped yard. Ideal for kids, pets, BBQ, entertaining. Meticulously renovated, main floor offers hardwood floors, stainless steel appliances, built in bar, granite countertops. The upstairs offers huge master bedroom & a good size 2nd bedroom, stand in shower & a full 2nd bathroom. Access to all amenities of Rosedale hotel, great management and caretakers. This is a must see at a great value! Priced below owners cost 4 years ago!

Just reduced from $829,900 to $799,900

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3201-833 HOMER ST

The Penthouse at Atelier on Robson - epitome of style, urban vibrancy. Interior design by Robert Ledingham. Fully air conditioned, this residence is fitted out with German Siematic kitchen, Thermidor appliances, Sub-Zero fridge/wine fridge, granite countertops, hardwood flooring in living areas and a wrap-around deck with stunning views of Downtown, water and mountains. 3 spacious ensuites. Master features spa-like bath, walk-in closet and English Bay views. Atelier offers extensive amenities such as yoga studio, gym and 24 hour concierge. Steps to premier shopping, restaurants and recreation. Private 2 car garage. 2-5-10 year warranty.

Just reduced from $2,380,000 to $2,238,000

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521 DRAKE ST

Unique corner townhouse with 2 levels, facing South Kitchen has stainless steel appliances, new granite counter tops. Entrance from Drake Street as well as from the tower. Completely freshly painted Eng. hardwood floors on main floor, huge master bedroom. Well located parking stall, large locker, private bike storage. Pet & rental friendly. Solid Concert Property - Oscar, constructed by Bosa. Located steps away from Yaletown, sea wall, David Lam Park, shopping, restaurants & much more.

Just reduced from $359,900 to $349,900

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907-989 BEATTY ST

Welcome to NOVA! Lovely open plan and skyline VIEWS from this SW corner unit. Spacious living area featuring gas fireplace, loads of windows & gleaming hardwood floors throughout. Master with ensuite bath & large walk-in closet. The den/solarium could easily be used as a second bedroom or it is perfect for a home office. Note there is also an outdoor balcony. The kitchen boasts SS appliances, gas stove & a huge granite island/eating bar. The building offers a resident caretaker, gym, steam room, whirlpool, party room & guest suite. Rentals OK and pet friendly. BONUS 2 parking stalls. Easy view on short notice.

Just reduced from $495,000 to $465,500

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Bright and spacious two bdrm end unit townhome in centrally located neighbourhood. Walk to Skytrain, shops, restaurants, T&T, Rogers Arena, BC Place and theatres. Spend time on your rooftop deck and patios with some mountain views. Indoor pool, rec centre and concierge in Club Ozone. Comes with 1 parking stall and insuite storage. You can have it all! All measurements approximate, buyer to verify.

Just reduced from $540,000 to $519,000

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801-821 CAMBIE ST

1 BR AND 2 DEN!! Robson and Cambie! Location doesn't get much better than this... Raffles is perfectly seated around Great Restaurants. The Library is steps away, as well as the Stadiums for professional sports, yet far enough away that the crowds aren't a factor. Open concept is perfect for the home chef with the granite counters and Miele appliances. Wonderful Black Teak flooring and "White Oaks" theme. Bathroom is for the Dreamer... Oversized rain shower and seperate MAAX Villa TUB!! Two extra rooms, one could be office, other is fashioned into a small bedroom with smoked glass doors. Exercise room, Whirlpool, huge rooftop deck and large party deck.

Just reduced from $519,000 to $505,000

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Live, work and play at 1212 Howe. Fantastic mid-town location. Close to transit, shopping, Yaletown, West End and the entertainment district. This unit features stainless steel appliances, granite countertops, insuite laundry, new cabinets and bathroom fixtures with a deep soaker tub, a large bedroom and in suite storage. Very efficient floor plan which maximizes space and natural light. Walk and relax in the communal garden area. Steve Nash Fitness World and Tim Horton's located in the same complex. Pets and rentals allowed. Positive cash flow property and backed by the developer warranty until 2013. Building is fully rainscreened.Low strata fees and comes with one parking spot. Rentable for $1,400/month plus parking $100.

Just reduced from $359,900 to $349,900

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Located in Vancouver's prestigious Wall Centre, this impessive light filled downtown Vancouver condo has a much sought after floor-plan & is located near all of the exciting restaurants, shopping, museums, night life & business district. This 660 sq ft home features 1 bdrm, 1 bath, 1 parking, air conditioning, floor to ceiling windows, storage locker and balcony w/sweeping dramatic views SW to English Bay & W to the city skyline. The kitchen has been updated with new S/S appliances & washer/dryer. Wall centre residences are offered to the convenience of the hotel services, room service, concierge, spa & fitness centre. This is your opportunity to own a great home in a spectacular downtown location!

Just reduced from $469,900 to $459,000

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PH6-1238 BURRARD ST

Downtown Vancouver penthouse. Mountain and some ocean views this 1 bedroom is 709 sq ft plus 2 balconies totalling 246 sq ft for a total of 955. Stainless steel appliances, hardwood floors, granite counters. Amenities include sauna, gym, recreation room, barbecues ok, small pet ok, 1 parking space. Open house Sunday March 20th 2-4 pm.

Just reduced from $559,000 to $549,000

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 3301-128 CORDOVA ST W

Direct & unobstructed 180 degree Vancouver Harbour and North Shore Mountain views from every room at this open plan downtown condo at 128 West Cordova! This high end suite has a sleek modern kitchen supplied by inform interiors, a gas range, Corian countertops & stainless appliances. The living room has floor to ceiling windows, wood flooring and is large enough for full sized furniture. The bedrooms are spacious and have lots of closet space. Enjoy the rooftop club w/amenities with an outdoor hot tub, gym, BBQ area, lounge, media centre. No property tax until 2013 and maintenance fee includes high speed internet and heat. Call now to book a private showing! Parking in the underground garage not on a 10 year lease.

Just reduced from $679,000 to $669,000

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 per cent increase compared to the 3,097 sales recorded in February 2011, an increase of 30.1 per cent compared to the 3,137 sales in March 2010 and an 80.1 per cent increase from the 2,265 home sales in March 2009. The all-time sales record for March occurred in 2004 when 4,371 transactions were recorded.

“Our market has had a very strong start to the spring season,” Rosario Setticasi, REBGV president said. “With home sales above 4,000 and nearly 7,000 home listings added to the MLS® in March, it’s clear that home buyers and sellers view this as a good time to be active in their local housing market.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,797 in March 2011. This represents a 3 per cent decline compared to March 2010 when 7,004 properties were listed for sale on the MLS®, an all-time record for March. Compared to February 2011, last month’s new listings total registered a 19.4 per cent increase.

At, 13,110, the total number of residential property listings on the MLS® increased 9.9 per cent in March compared to last month and declined 3 per cent from this time last year.

“Conditions favour sellers at the moment, but we’re seeing differences in home-price trends and overall activity depending on the region and property type,” Setticasi said.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5.4 per cent to $615,810 in March 2011 from $584,435 in March 2010.

Sales of detached properties on the MLS® in March 2011 reached 1,795, an increase of 34.4 per cent from the 1,336 detached sales recorded in March 2010, and a 100.1 per cent increase from the 897 units sold in March 2009. The benchmark price for detached properties increased 8.3 per cent from March 2010 to $866,806.

Sales of apartment properties reached 1,622 in March 2011, a 29.6 per cent increase compared to the 1,252 sales in March 2010, and an increase of 66.2 per cent compared to the 976 sales in March 2009. The benchmark price of an apartment property increased 2.1 per cent from March 2010 to $403,885.

Attached property sales in March 2011 totalled 663, a 20.8 per cent increase compared to the 549 sales in March 2010, and a 69.1 per cent increase from the 392 attached properties sold in March 2009. The benchmark price of an attached unit increased 3.6 per cent between March 2010 and 2011 to $511,039.

For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

To see previous sales updates click here. 

Gorgeous 3rd floor downtown Vancouver loft in the Ellison. This suite is situated overlooking Homer St. and features over-height ceilings, exposed wood beams, engineered walnut hardwood floors and cabinets, and a spa-like bathroom. It is the ultimate in modern design! Parking and storage included. This suite is a must see!

Just reduced from $608,000 to $599,000

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Famous & young ELECTRIC AVENUE across the court house! Super value, super location for this lovely, gracious Sub-penthouse SW exposure, rare, bright & spacios (702sf), 1 bedrm, den & stge rm w/big relaxing balcony overlooking 2 roof gardens, St Andrew's Cathedral & partial view of English Bay. V-functional layout w/open modern kitchen, in-ste laundry, bedrm has walk-thru closet to cheater-ensuite bath. Newer vertical blinds and window screens. Unbeatable central location for a condo in downtown Vancouver - entertainment, shopping, movines, dining, museum, business/studies, transports, etc. Great amenities: Rec fitness ctrs, theatre room, resi mgr. 1Sec u/g prkg stall. Pet & rental ok. Super choice for first-timers or investors! All meas approx.

Just reduced from $495,000 to $485,000

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1303-888 HAMILTON ST

Beautiful and recently renovated, 2 bedroom & den corner unit in the Rosedale Garden in downtown Vancouver. This bright, modern living space has a large and functional floorplan that accommodates your most cherished house-sized furniture. Enjoy your new gourmet kitchen w granite countertops, new cabinets & appliances. Suite has new h/w floors, designer colours, huge master w ensuite, insuite laundry & storage w extra storage locker down, & covered open S-facing balcony with corridor views to False Creek. Building features 1 parking in secured parkade, ample guest parking, live-in caretaker, 2nd floor garden, 3 elevators, and use of hotel spa facilities for $50/year. BBQs, pets, and rentals ok. Great lifestyle between Robson and Yaletown.

Just reduced from $568,800 to $559,000

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2902-1255 SEYMOUR ST

Welcome to the beautiful & sophisticated Elan. This gorgeous 2-Bedroom + Den downtown Vancouver condo comes with beautiful engineered dark-cherry hardwood flooring & stainless steel appliances including a ceran cooktop & wall oven. Front-loading efficient washer & dryer, stand-alone kitchen island made of composite stone & stainless steel sink with retractable vegetable sprayer as well as 2 parking stalls & storage locker are also some of the added bonuses of this unit. Rentals are allowed & pets are adored at Elan & with your Amazing 270-DEGREES panoramic Water View + 2 large balconies, you'll take price in calling this your home or investment. Elan is backed by Willis' 2-10-10 Warranty & Cressy's superb customer service.

Just reduced from $638,888 to $619,000

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Centrally located is this beautiful 1 bedroom & den downtown condo 645sf home situated in this well-run building. This BOSA built residence boasts a functional floor-plan with new laminate floors, cozy gas fireplace in the living room, ample closet space and a jacuzzi tub in the bathroom. Comes with secured underground parking, bike storage plus a storage locker which is owned. Live just steps away from shopping, cafes, fine dining, transit, Central library & much more! Quick possession is possible.

Just reduced from $393,000 to $389,000

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2303-788 RICHARDS ST

A Luxury residence at the Le'Hermitage Hotel in the heart of Downtown Vancouver located on the corner of Robson and Richards Street. This corner unit 2 bedroom with den condo features: Sub Zero Fridge, Air conditioning, Bosche Stainless appliances, and 2 parking spots. Enjoy the Downtown city views and hotel style living in the most desired location Downtown Vancouver has to offer.

Just reduced from $708,000 to $698,000

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2903-1008 CAMBIE ST

Live, work & play in downtown Vancouver at the prestigious Waterworks building.The building features spa like amenities,sculpted garden setting a fantastic location close to the Marinaside.The unit features stainless steel appliances, Euro-cabinetry,washer/dryer beautiful countertops, brushed steel bathroom fixtures, hardwood & slate floors, insuite storage & membership to the Super club H20. Spa like amenities include a concierge, squash court, fitness center, swimming pool, whirlpool & social room. This condo shows very well. Pets & rentals allowed, no restriction. Efficient floor plan maximizes space & natural light.Fantastic return on investment or to live in. Unit is tenated on a month to month for $1,600 a month.

Just reduced from $399,000 to $389,900

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1701-788 RICHARDS ST

Bright, clean & well upkeep 2 bdrm downtown condo corner unit. Spacious & good floor plan. Right in central downtown. The famous L'Hermitage Bldg. Concierge & security. Amenities include gym, sauna, conf room & roof garden. Central to everything, downtown, skytrain, GM Place. Large & secure underground parking #339 (P4), large storage #95.

Just reduced from $789,000 to $759,000

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Yaletown Park 2 Welcomes you home! Perfectly laid out 30th floor 1 bed & den located within walking distance to everything. Suite offers a bright flowing plan with patio. Kitchen includes stainless steel upgraded appliance package.Double sink, ample cupboard space & breakfast bar. Views from almost everywhere of the City, Mountains & some Water too! Amenities include fitness centre, guest suite, media room & concierge. Location Location: sea wall, restaurants, library, grocery, shopping...Yaletown is your playground. Unit comes with 1 parking & storage locker. Investor and Pet friendly.

Just reduced from $449,000 to $437,000

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2903-909 MAINLAND ST

View! View! Enjoy spectacular city & water view from this South East facing corner unit, spacious 2 bdrm, 2 (full) bath home. Upgraded with gorgeous slate tile throughout plus 2 balconies. Yaletown Park II is within minutes to seawall, shopping on Robson, Vancouver Library, Costco, Urban Fare & all the trendy shops & restaurants in Yaletown. Amenities include fitness club, guest suite, media/meeting room & concierge service & storage included with this home 2-5-10 New Home Warranty.

Just reduced from $629,000 to $579,900

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World Class 'Espana' at International Village. Quiet side of the building. 1-Bedroom + Den downtown Vancouver condo, 1 parking. Granite countertops, high-end stainless steel appliances & wine cooler. Insuite laundry, laminate floors, indoor pool, swirlpool, hot-tub, jacuzzi, gym, sauna, theatre, inner courtyard roof garden. Next to Yaletown. Walk to Tinseltown, Olympic Village, T&T, Costco & SkyTrain. Rentals & Pets allowed. A pleasure to show.

Just reduced from $389,000 to $384,900

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912-788 RICHARDS ST

The Luxury L'HERMITAGE is just a minute walk to Downtown Vancouver shops, Restaurants and all activities. The property was originally developed to ensure that the services and amenities are reminiscent of a five star hotel. This stunning 2 years old 3 bedroom and den features hardwood flooring, high quality granite countertops, and high end stainless steel appliances (Sub-Zero Fridge, Bosch Dishwasher).Tenanted month-to-month,$2,000/month.

Just reduced from $559,000 to $549,000

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1031 EXPO BLVD

'The Landmark 33', built by Concord Pacific. This newly renovated Vancouver townhome is located in Yaletown, has a walking distance to the New Canada Line Station, GM Place, Urban Fare, Costco, shops, restaurant, David Lam Park and Marinaside seawall. This home features a well designed layout with 3 bedrooms & 2.5 baths separated on 3 levels and 3 outdoor areas including a huge private third floor terrace perfect for entertaining. A gourmet kitchen with top-of-line appliances from Miele to SubZero, and a huge 2-car garage with private access to the suite complete this perfect urban abode. Recreation and amenities include Club H2O (Gym, 70' indoor pool, hot-tub, steam rooms, outdoor BBQ area and business centre) & concierge services.

Just reduced from $899,000 to $849,900

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Sophisticated PENTHOUSE in quality boutique bldg with 800 SqFt private rooftop patio with lrg GAS fireplace overlooking Yaletown and Emery Barnes Park. This home has been extensively upgraded with CUSTOM MILLWORK including bookshelves, window bench. DESIGN ELEMENTS incorporated into each bdrm & customized hidden storage/closets and discreet work-station. Master bdrm offers add'l private deck & large spa-like ensuite with cast-iron soaker-tub & sexy glass shower all surrounded in white & grey Carrera Marble. Upholstered feature-wall and custom drapes in master bdrm add style & FLAIR, customized lighting & quality appliances add to the appeal of this RARE & DISTINCT home.

Just reduced from $1,688,000 to $1,588,000

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 2408-788 RICHARDS ST 

Renovated 2 bedroom - full sized den corner home (North, East & South exposure) with panoramic 180 degree views of North Shore Mountains, Burrard Inlet & city. Ultra high end finishings include Eggersman kitchen cabinets, Sub-Zero fridge, Bosch cooktop, Blanco steelart sinks, central air conditioning, etc. Great hotel amenities, including access to outdoor pool and Jacuzzi & concierge! Luxurious lifestyle, great location just steps from Robson Street.

Just reduced from $825,000 to $799,000

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 404-933 HORNBY ST

The Electric Avenue. Built by Bosa and located in the heart of Downtown Vancouver this 856 sq ft 2 bedroom suite has an excellent layout with 2 bedrooms, 2 balconies, 2 separate walk through closets, 2 full bathrooms. Quality finishings include granite counters, S/S appliances and closet organizers. East Views overlooking the City.

Just reduced from $549,000 to $539,000

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 2304-1155 SEYMOUR ST 

Breathtaking views throughout this spectacular 2 bdrm & den corner suite. Views to the North Shore Mountains from both the kitchen & living room windows, Mt. Baker & Emery Barnes Park views from the living room. The amenities include outdoor pool & hot tub, full gym, sauna & steam rooms, guest suites, media center, party, meeting and theater rooms, playground for kids both indoor and outdoor, 24 hour concierge & security. One secure parking and storage locker. Central location makes BRAVA great. Yaletown, the entertainment district. Rentals & Pets allowed. 2 minutes walk to Canada Line Station. INVESTORS ALERT!!

Just reduced from $625,000 to $615,000

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For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

To see previous sales updates click here. 

1027 EXPO BLVD

Exceptional 3 level downtown Vancouver townhouse at Concord's Landmark 33. This rarely available home has tons of space with over 1500 sq ft, 3 large decks off of each level including a 180 sq ft rooftop deck that gets lots of sunshine and best of all, your own huge private 2 car garage leading right up into your suite. Good sized master bedroom with ensuite and walk-in closet, extremely durable marmoleum floors, new modern window coverings, new designer paint throughout, brand new front loading washer and dryer, stainless steel appliances and open kitchen concept. Building has Club H2O, including full gym, lap pool, hot tub, squash court, games and party room and 24 hr security and concierge.

Just reduced from $849,000 to $829,000

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1902-501 PACIFIC ST

Spectacular unobstructed view of David Lam Park & False Creek. Spacious 1 bedroom & den, open layout with fireplace, gas stove, insuite laundry & balcony. The "501" building features great amenities with an outdoor pool, party room, guest suites & exercise facility. Unit comes with 1 large parking spot & 1 locker. Steps to sea wall, parks & Yaletown.

Just reduced from $469,900 to $449,900

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 2403-1189 HOWE ST

MANHATTAN VIEW!! 180-degree sweeping view from this 1 BDRM + DEN + FLEX unit spanning from the British Properties through the Wall Centre and D/T high-rises, from the N. Shore Mountains through Yaletown with Metrotown and Mt Baker in the background. British Columbia is literally at your feet!! This suite is equipped with 7 appliances including microwave oven and insuite W&D, ceiling spotlights and features granite tiles & c/tops, pearl white appliances and a view which is second to none. It is situated on the COOL side of the building thus making living comfortable during the hot summer days. It is spacious & bright, comes with the exclusive use of U/G parking stall #82 and is IMMACULATELY CLEAN.

Just reduced from $394,900 to $385,000

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2203-565 SMITHE ST

NEW BUT NO HST. Welcome to "VITA" at symphony place. Bright open floor plan 2 bdrm, 2 bath, office & large enclosed balcony,high end finishing. Open kitchen with wood veneer cabinets & steel accent. Marble countertop, mosaic marble back splash, premium appls such as AEG gas cooktop, wall oven, Fisher Paykel D/W, Liebherr Integrated fridge, roller blinds, wide plank H/W floor throughout, gas F/P, high ceilings, state of the art glass partition door,two separate bedrooms,each can acomodate kings size bed very open plan ,close to every luxury that downtown life style has to offer. Yoga & fitness room out door whirl pool ,loung, children inside &outside playground.

Just reduced from $899,000 to $889,000

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3304-939 HOMER ST

Amazing 2 bdrm & 2 bath home which has a sunny solarium with gorgeous views of the North Shore Mountains, City Skyline & more. Well cared for home with an outdoor southern balcony (with new screen door) & gas f/p. This open layout offers an open kitchen with plenty of cupboard space; functional dining & living room with picture windows (incl. brand new screens); spacious master bdrm with ensuite; spacious 2nd bdrm; tons of custom built-ins; custom paint colours and most of all this home has been completely renovated as which is all part of the whole package. This home comes with 1 storage locker & 1 secure parking space. Call now for your appointment to view this rare home.

Just reduced from $599,800 to $579,000

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 518 SMITHE ST

1134 sqft 2 level Townhome with street access in a boutique style apartment building with an awesome common roof top patio. The main floor has a great open room concept with higher ceilings. The kitchen features granite counters, stainless steel appliances and a good sized island. There are glass sliding doors that add extra light into the living area. The main floor also has a powder room, closet, storage under the stairs and a separate work space. The main bathroom upstairs is nice in size with lots of counter space, which is located beside the laundry and 2 bdrms which have ample closet space, and windows looking out to Smithe Street. 1 secured parking spot. Walk everywhere from this central Yaletown location!

Just reduced from $594,000 to $579,000

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2009-833 SEYMOUR ST

New CAPITOL RESIDENCES located in the heart of Vancouver's downtown core. 20th floor condo - Southwest exposure with city & mountain views. Luxurious 2 bdrm, den, 2 ful baths & flex space. Interiors designed by renowned BYU Design firm. Features include marble tile, granite counters, GE Professional SS appliances, American Standard fixtures, floor to ceiling windows, roller shades, front loading washer/dryer plus much more. Building amenities include concierge, landscaped terrace, fitness centre, TV lounge, pool table & 4 high speed elevators. Luxury downtown Vancouver condo living at its finest. Steps from fashionable Robson & Granville, Canada Line Station & Yaletown Districts - the ultimate city location. Enjoy new home with taxes paid.

Just reduced from $734,000 to $719,000

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THERE ARE NO NEW DOWNTOWN CONDO OR TOWNHOME SALES DURING THIS PERIOD.

To see previous sales updates click here. 

1608-438 SEYMOUR ST

Investors Alert! Conference Plaza! Heart of Downtown Vancouver. Two bedrooms and a den. Beautiful city view! Great amenities include indoor poll and recreation room. Close to skytrain, seabus, financial district, shopping, SFU, BCIT & more. Don't miss out!

Just reduced from $439,900 to $429,900

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Welcome to ESPANA. Enjoy fantastic SW views from every room of this great 2 bedroom, 2 bathroom downtown condo. Features include an open kitchen concept with stainless steel appliances, granite counters, dark laminate floors, fireplace and BBQ on your covered balcony. A dynamic location puts you steps from skytrain, Tinseltown, Costco, GM Place and the seawall. Excellent amenities such as indoor pool, whirlpool & gym. A secured parking stall, ample visitor parking & storage locker.

Just reduced from $539,000 to $529,000

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 2010-63 KEEFER PL

EUROPA-Tinseltown near Vancouver's Yaletown. Great 1 bedroom unit on the 20th floor. Southwest exposure with great views! Recently remodelled and a pleasure to view. Amenities include 24 hour concierge & security, indoor pool, sauna, fitness center and theatre room. Walking distance to shopping, supermarket, Skytrain, Ford Place & BC Stadium.

Just reduced from $349,500 to $347,800

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Private Open View of Downtown Vancouver. Southwest with city & mountain views. 2 bdrm, den, 2 full baths, flex space & nook. marble tile, granite counters, Luxury SS appliances, American Standard fixtures, floor to ceiling windows, roller shades, front loading washer/dryer . concierge, landscaped terrace, fitness centre,TV lounge, pool table & 4 elevators. Steps from fashionable Robson & Granville, Canada Line Station &Yaletown. GST paid.

Just reduced from $738,000 to $729,000

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 1102-233 ROBSON ST

Rarely available 02 plan (corner unit) in TV Tower II. Very spacious 2 bedroom + den (could be 3rd bedroom) + insuite storage. Inspired by European Design w/clean lines & efficient use of space. Contemporary finishing includes: White cabinetry, brushed stainless appliances, laminated countertops, ceramic glass cooktop, glass mosaic backsplashes, soaker tub, open balcony, 24 hour concierge & much more... Steps away from shopping & dining.

Just reduced from $549,000 to $499,000

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VIEW! Atelier at Robson by Magellan! Outstanding, high-end finishing. On the 29th floor, brand new, one bedroom & den could be storage or pantry. Functional layout, open kitchen with granite counter tops & ultra-deluxe appliances (Bosch, EG, LG, Liebheer) & insuite storage solutions. Open balcony & gorgeous bathroom featuring oversize glass shower stall. The building has 24 hour concierge, rooftop lounge on the 7th floor garden,fully equipped gym,yoga studio & steam room. Spectacular lobby with huge fireplace. Located in Vancouver's arts and entertainment district. Steps to Yaletown, GM Place, library, marina & shopping. ONE parking. Pets/rentals Ok.

Just reduced from $445,000 to $438,000

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Premium luxurious loft style home, 1350 sf, 2 bed, 2 bath SE facing downtown condo at the "McMasters" - a High-end heritage conversion boutique building in Yaletown by Townline Homes. features 9'5" ceilings, exposed brick, reclaimed fir floors and and beams, huge clean-lined windows with wide concrete sills, frosted glass bedroom walls, fireplace, AC, fabulous gourmet kitchen with top of the line stainless Miele appliances, Blanco Faucets, Espresso Machine and spacious spa like bathrooms with steam sauna. One of the best value in Yaletown for this quality of home, Pets OK, No balcony, high ceiling Onsite parking, potential for two parking!

Asking price $1,050,000

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Ultra Modern, 1 bedroom + flex room + outdoor balcony + 1 parking. Loft with City views. Extra large suite in superb croosstown location accross from Seawall, etc. Live in the heart of Vancouver's new thriving community.True loft ambience & modern quality. 1 year young: High loft ceilings, spa bath, slate tiling, teak cabinets, built in storage, S/S appliances, granite counters etc. Truly a unique Vancouver condo. All measurements approx, buyer to verify. Realtor is the owner of this property.

Just reduced from $394,500 to $386,000

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 3203-909 MAINLAND ST

View, View, View. Yale town Park II two bedroom of two bath downtown Vancouver condo, with breathtaking panoramic & protected views. Close to every amenities and marina, w/24 hour concierge.

Just reduced from $639.000 to $619,000

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Affordable Yaletown living at its finest in this well run building at the corner of Richards! Bright unit with hardwood floors & marble tile. Large den/solarium can be spacious office or guest bedroom? Come with parking, storage locker, bike room storage, and visitor parking too. Steps to restaurants, shops, parks, seawall, and new Canada Line Skytrain station. Great buy for first timer or investor! Currently renting for $1450.

Just reduced from $369,800 to $359,800

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931 HOMER ST

This wonderfully airy & open city home awaits your arrival. Gleaming H/W floors, gas F/P, massive storage both in suite & locker. Freshly painted & all new window coverings offer you the perfect choice. With an abundance of light & house like feel, this 2 bdrm + den could easily be converted to a 3 bdrm to meet all your family needs. The perfect location to get you any where you desire in a matter of minutes. Brilliantly close to transit, shopping & some of the best restaurants YVR has to offer. Ideal for entertaining out of town friends/family with a guest suite, a number of outdoor garden areas, your own patio for the BBQ, gym, pool, sauna AND very pet friendly. An absolute dream to show.

Just reduced from $664,900 to $649,000

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2004-565 SMITHE ST

PRIVATE COLLECTION at VITA! This exclusive corner unit with 2 bedroom, 2 bath & flex downtown Vancouver condo overlooks city, North Harbour mountain & water. The suite has been beautifully designed like a show home and its fully furnished by Portico. Price includes all the furniture! Other features : 8'6 high ceilings, hardwood floor throughout, natural gas fireplace, double sink and soaker tob, bathrooms with radiant floor heating & window in mater's ensuite. This unit comes with balcony, parking & storage locker. Amenities include fitness room, kids' play areas, outdoor hot tub & lounge. One block from Robson & steps to Yaletown, shopping, dining, library & skytrain. Ready to move in!

Just reduced from $749,000 to $699,000

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Live the life in Yaletown's luxurious Grace Building which has set the new standard for the Platinum lifestyle!! 2 massive bedrooms, 2 spa-infused bathrooms & 570 sqft private patio w/ hot tub. Open living space for entertaining. Gourmet kitchen and 2 side-by-side parking stalls. Incredible amenities include an indoor/outdoor swimming pool, gym, sauna, jacuzzi & a Rolls Royce Phantom. Geothermal heating & cooling plus biometric fingerprint recognition. This downtown Vancouver condo will not dissapoint!

Asking price $1,550,000

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Welcome to Altadena. This AFFORDABLE DOWNTOWN VANCOUVER CONDO PENTHOUSE offers you an enjoyable and active urban lifestyle. Expansive 12 1/2 ft high windows on 2 sides connect you with the city and water creating a pleasantly bright living space. Located on the top level and southeast corner buffers you from Burrard Street while being centrally located; you are steps to restaurants, shops, cafes, beaches and all other Downtown advantages. Includes a washer/dryer, DW, built-in TV, 1 parking and locker. Amenities include a gym, saunas, and recreation and movie rooms. This well maintained and managed 8 year old building is still under warranty. Pets are welcome and rentals allowed.

Just reduced from $575,000 to $562,800

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For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

Enjoy the unobstructed views of city, mountains and water from this bright 2 bdrm & 2 bath NE facing downtown Vancouver condo with a large balcony. This 1,019 sq ft unit features exposed concrete ceilings, graphic suite entry doors, engineered hardwood floors, Eggersmann kitchen with European cabinets, polished stone countertops, glass tile backsplash & S/S kitchen appliances. Insuite stacking W/D. Maintenance incl internet & heat. 2 prkg spots included. State of the art amenities on top floor. No property taxes for the first three years.

Just reduced from $798,000 to $768,000

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 1108-1212 HOWE ST

Fantastic Midtown location in the heart of Downtown Vancouver. Live, work and play at 1212 Howe. Steps away from Yaletown, the West End, Robson Street & Granville's entertainment district. Fitness World & Tim Horton's located in the same complex. Yaletown transit line & the Marinaside just blocks away.New floor plan features 2 seperate living quarters which maximizes space,and light. Comes w/stainless steel appliances, insuite laundry, granite countertops & new cabinets. 2 full bedrooms w/large closets & 2 full baths w/soaker tubs & new fixtures.There is a garden area to walk and relax. Pets & Rentals allowed, parking & low strata fees.Could be rented for $2,000/month plus parking $100/month.

Just reduced from $513,900 to $511,900

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YALETOWN LIFE STYLE, Enjoy fine living in this spectacular two bedrooms & den and two bath Vancouver condo with amazing views of False Creek. This unit features modern quality finishing with spacious open plan, high end dark brown cabinets, and appliances, spa like master bedroom. Only steps away from trendy entertainment center with world class restaurants, and facilities.

Just reduced from $598,800 to $578,800

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2706-111 GEORGIA ST W

Situated on the NE CORNER with VIEW from COAL HARBOUR & FALSE CREEK WATER to MOUNT BAKER, METROTOWN etc. The Suite - on the HIGHER level on the corner, open kitchen, laminate flooring, open balcony etc. The View - Open & expansive view to Mt Baker on the East & to the East, & to the Harbor on the North.

The Building - newer Spectrum 1 built completed at the end of 2007 by Concord Pacific with the balance of the New Home Warranty. Excellent amenities include indoor pool, gym, media room, theatre & bike room etc. Located within steps to Financial district, Coal Harbour & Yaletown but at a fraction of the price! Currently tenanted at $2400 plus utilities. 1 parking stall included & insuite storage. Pets/rentals welcome.

Just reduced from $498,000 to $489,000

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Located in hip & trendy Historic Gastown on Water St. The TERMINUS building is a unique blend of old & new. This large 744 SF one bdrm downtown vancouver condo has a sleek modern contemporary loft interior, featuring integrated kitchens with Bosch appliances, European front loading washer & dryer, Philippe Starck Linear bathroom, Strand H/W flooring, geothermal heating & air conditioning, private patio. Common areas includes fabulous roof top deck with BBQ area, lounge with peek-a-boo Mtn view. Step out your front door & enjoy - Salt, Chill Winston, Jules Bistro, Water St Cafes, Irish Heather, Bonetta, Inform, Koolhaus & brand new Nestler's Market & London Drugs.

Bonus! This suite comes with ONE SECURED PARKING STALL ON SITE.

Asking Price of $514,900

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Gorgeous and unique sub-penthouse enjoying the entire 20th Floor in Grace. Own a beautiful and customizable 3,200 Sq Ft home with stunning views in one of Vancouver's most remarkable landmarks - the Georgie award-winning Grace by developer and designer James Schouw and Associates. This Habitable Art at its finest. Features include Biometric security system, geothermal heating and cooling, spacious gym, pool, garden, playground, concierge, storage and much more including access to a Phantom, Rolls Royce!

Asking Price of $3,995,000

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Excellent location spacious 1 bdrm + den downtown vancouver condo with upgrade package and world class amenities and 24hr concierge. 1 parking and minutes away from transit system, Robson shopping and the Library.

Just reduced from $488,800 to $464,400

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For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

Welcome to Donovan! Located in the Yaletown! Cressey Developement high-end boutique style building with Geothermal heating/cooling system. 2 BR + DEN corner downtown condo unit with S/W views of Yaletown has an open concept and great floor plan. Features Hardwood floors, high end Miele stainless steel appliances, wood cabinetry, walk-in pantry and lots of natural light. Great exercise facility includes yoga rooms, sauna room, steam room. Pets allowed with restrictions. Rentals allowed. Location is second to none! Walk to Urban Fare, upscale restaurants, shopping, sporting events, theatres & Metro. Perfect for owner occupants & investors.

Just reduced from $648,800 to $639,800

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 1705-928 BEATTY ST

Fantastic South facing unit at the Max with beautiful city and water views. Excellent layout, 2-bedroom, 1-bathroom featuring Brand New floors and designer paint throughout. There is a large pantry and/or insuite storage off of the kitchen. Building features Full Amenities: Large gym, 65' indoor lap-pool, sauna & steam room, media room, jacuzzi, outdoor patio, party room, and 24 hour concierge. Pets & rentals allowed. Steps to seawall, library & fine dining.

Just reduced from $468,000 to $459,000

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1105-58 KEEFER PL

Fantastic view from every room in this spacious 1 bedroom plus den vancouver condo tucks away in a quiet corner. Fall in love w/the brand new real wood floor in living room & bedroom; curl up in front of the cozy fireplace & enjoy the ever changing view of snow-capped mountains & colourful people watching. No lack of fresh air w/the open balcony & huge windows through out the unit. Impress your friends w/the 80 feet indoor pool, private gym, party room & patio garden completed w/flowing streams & rock ornaments. Live your dream of downtown lifestyle, just a block from hockey arena, few minutes to Yaletown & seawall! Call today & move in tomorrow!

Just reduced from $409,900 to $395,000

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 309-1255 SEYMOUR ST

Open-concept with a 21' living room, large bedroom & 2 full bathrooms in this Vancouver downtown condo. Upgrades include wide-plank oak floors, architectural lights, blinds & more. Green courtyard views framed by floor-to-ceiling windows. 2 patios (78 SqFt & 69 SqFt). Entertainer's delight, yet perfect for those seeking privacy (only 1 party wall & nobody below). Convenient Yaletown location - walking distance to Downtown, Canada Line, The Seawall, grocers, shops & restaurants. Cancel your fitness membership, spa-like amenities include sauna, steam room, fitness centre, yoga, social lounge, billiards & card room. Large parking stall (fits SUV & motorcycle). Insuite storage room plus full-size locker. Pet-friendly!

Just reduced from $579,000 to $559,000

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Concord Pacific TV Tower 2, 2 bdrm and den Vancouver downtown condo with Fabulous North Mountains and ocean views. Mount Baker and False Creek, Concierge (24 hours), gym, hot tub, sauna, steam room, spacious lounge. 2-5-10 warranty and one parking stall, Close to library, shops on Robson St.

Just reduced from $759,000 to $739,000

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204-212 DAVIE ST

2 Level downtown townhouse on Second Floor. Entrance of the suite open to large garden leading to the pool and exercise room. Overlooking David Lam Park. Central location, walk to school, transportation, easy access to shops. 1 Parking.

Just reduced from $699,000 to $689,000

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 2709-108 CORDOVA ST W

WOODWARDS W32 - Rare offering of a 992 sf "Signature Suite"downtown vancouver condo, the only 2 bdrm flr plan in the bldg. Faces NW offering the best views in the bldg from all rooms, sweeping across Burrard Inlet, Canada Place, Stanley Park & across to the N Shore Mtns. This fab flr plan offers 2 balcs, one off the dining area & a large cover deck off the LR. The unit feats soaring 9' concrete ceilings, oak H/W flrs, floor to ceiling windows, custom Eggersman kit by INFORM, glass tiles & cultured marble countertops. Lux bath w/stone tops, glass tiles, high end fixtures. No ppty taxes payable until 2012.

Mtnce fee incl heat, gas, 100mbps interenet & an incredible 4600 sf penthouse level clubhouse, gym & hottub.

Just reduced from $769,000 to $759,900

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2903-909 MAINLAND ST

View! View! Enjoy spectacular city & water view from this South East facing downtown Vancouver condo corner unit, spacious 2 bdrm, 2 (full) bath home. Upgraded with gorgeous slate tile throughout plus 2 balconies. Yaletown Park II is within minutes to seawall, shopping on Robson, Vancouver Library, Costco, Urban Fare & all the trendy shops & restaurants in Yaletown. Amenities include fitness club, guest suite, media/meeting room & concierge service & storage included with this home 2-5-10 New Home Warranty. No GST!

Just reduced from $629,000 to $594,900

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 501-1189 HOWE ST

THE GENESIS - 26 storey high concrete building located @ Howe & Davie. Grand Renaissance-inspired lobby with 24 hr concierge. Super indoor swimming pool, exercise room, library, guest room are some of the amenities and unique features at Genesis. This west-facing one bedroom & den (enclosed balcony) Vancouver downtown condo is on the quieter side of the building. Good floor plan gives you cozy and comfortable living space. Close to shopping, restaurants ... everything the Vancouver city living offers.

Just reduced from $332,000 to $325,000

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PRIVATE COLLECTION at the VITA by award-winning builder Solterra! Bright south exposure of the city. 2 bedrooms, a den + large size parking & storage. All high-end finishing with European appliances & fixtures. As part of the privileged Collection, it features loft 8'6 ceilings, wide wood flooring, gas fireplace & other special touches. Amenities: gym, Kid's play area, hot tub & lounging area. Located steps from Robson Shopping, Orpheum Theatre, Granville Street, restaurants & more.

Asking Price of $839,000

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2006-388 DRAKE ST

Governor's Tower by Concord. Building has just finished rain-screen and has full 10 year warranty. Spacious high level downtown condo with fantastic open views. Beautifully updated with stunning walnut floors throughout, new high end stainless steel appliances, lighting, etc. Enjoy the use of the fantastic building amenities including lap pool, gym and 24-hour concierge. Secured underground parking and additional storage. Pets and rentals allowed.

Just reduced from $705,000 to $690,000

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For more information on these or any other Vancouver downtown condos contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

2510-788 HAMILTON ST

Stunning high floor TV Towers residence in downtown vancouver. Features one of the largest 1 bdrm floor plans and den condo in the complex. Built by concord Pacific, 2-5-10 bal of warranty, S/S appliances, stone counter tops, open floor plan, floor to ceiling windows, views and balcony. 24hr concierge, gym, sauna/steam/hot tub, theater and more. 1 parking. Close to Robson shopping, library stadium.

Just reduced from $508,800 to $499,000

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 1104-1188 HOWE ST

Great location in this Vancouver downtown condo for any first time buyer or investor. At the heart of downtown. Long time tenant and willing to stay.

Just reduced from $329,000 to $309,000

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Breathtaking views throughout this spectacular 2 bdrm & den downtown Vancouver condo. Views to the North Shore Mountains from both the kitchen & living room windows, Mt. Baker & Emery Barnes Park views from the living room. The amenities include outdoor pool & hot tub, full gym, sauna & steam rooms, guest suites, media center, party, meeting and theater rooms, playground for kids both indoor and outdoor, 24 hour concierge & security. One secure parking and storage locker. Central location makes BRAVA great. Yaletown, the entertainment district. Rentals & Pets allowed. 2 minutes walk to Canada Line Station.

Asking Price of $625,000

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2302-233 ROBSON ST

Fantastic VIEW condo at Concord Pacific's TV Towers. Enjoy sweeping water, mountain, & city views from the 23rd floor balcony. This bright & inviting Vancouver downtown condo has it all; 2 bdrms at opposite ends of the condo, 2 full bth, a full sized den, open concept kitchen, full sized in suite storage, cool North exposure & large parking spot in a desirable location. Don't forget about the details, you'll love the floor-to-ceiling windows, granite counter tops throughout, laminate flooring, stainless steel appliances, in suite laundry, built in microwave. The building boasts a great location downtown, concierge, 3 elevators instead of just 2, sauna, gym, theatre room, PLUS 2-5-10 warranty.

Just reduced from $695,900 to $674,900

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937 HOMER ST

Gorgeous 2 level, 3 bdrm downtown townhome just steps from Yaletown. You'll never have to walk for more than a minute to reach fantastic places to eat, coffee and shopping. Enjoy your private entrance with a large patio, great for someone who enjoys gardening & cooking on the bbq. Suite has renovations with designer finishings, contemporary hardwood floors and granite counters. Great layout with 1,500 SF of living space, 2.5 baths, den/insuite storage, gas fireplace and insuite laundry. Also features, separate back entrance to parking, guest parking & private garden. All this in a well maintained complex with an indoor pool, exercise centre, library & sauna.

Just reduced from $799,000 to $789,000

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401-1072 HAMILTON ST

I'm a smart and unique 2 bed, 2 bath heritage loft in Yaletown looking for a match. I'm seeking the sophisticated professional type with a car to get serious with and enjoy eating out and socializing not to mention long walks on the seawall with our miniature pooch! Are in the one of the greatest entertainment districts in the city. Are you attracted to someone who takes care of themselves? Perfect, because I have new bamboo floors and a fresh paint job! I have no baggage, so you can move in quick. Please reply soon! I can't wait to meet you!

Just reduced from $635,000 to $625,000

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3-528 BEATTY ST

I may be over 100 years old but I'm still tons of fun. I had a mid-life crisis in 2006 and decided to fully renovate my look but not my personality. My friends say I have charm unique to a Vancouver condo. I'm very modern, yet classy and open to getting cozy. I'm looking for someone who'd be impressed by my gas stove, my "exposed" beams and my fancy swivel TV stand. If you love mussels at Chambar, waffles from Medina and don't mind the sight of my old bricks, CALL me. :-) PS. If you have a car, don't worry, I have a parking spot (leased until summer 2012 across the street).

Just reduced from $425,000 to $415,000

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511-1177 HORNBY ST

Rarely offered huge 1 bedroom & den downtown Vancouver condo close to everything you need. Steps to restaurants, grocery stores, Robson St, Yaletown and Canda Line. Floor to ceiling windows and updates including: Bamboo hardwood floors, Corian kitchen countertops, stainless steel appliances, bathroom, tiling lighting and paint. Amenities include rooftop deck, gym with satellite TV, steam and hot tub, main floor meeting room with satellite TV, pool table and ground floor patio, 2 storage units boast extra space and one parking stall are included. Click on View Multimedia tab above for more info.

Just reduced from $370,000 to $364,000

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 404-501 PACIFIC ST

Fantastic One-Bedroom & Den condo, bright corner suite with Southwest exposure in one of Downtown's Vancouver's most desirable buildings. "The 501". Sharply priced, shows beautifully and recently renovated with laminate floors, designer colour schemes and raised cabinets for a more open kitchen concept. Living area features gas fireplace, built-in shelving and floor-to-ceiling window. Entertainer's kitchen with granite countertops, stainless appliances and glass bar. Bonus - large dining area perfect for sophisticated evenings. Awesome amenities include outdoor pool, gym, games and party room, guest suite, volleyball court and 24-hours security. Come check out the best floor plan in the building!

Just reduced from $428,000 to $418,000

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Dramatic Penthouse @ The Malkin Building. Captivating ocean and mountain views from practically every vantage point of this impressive downtown Vancouver condo. The Malkin Building, a historic boutique development comprising of only 14 residential suites and located on the most desirable street in Gastown. A generous interior of 1,763 sf and featuring two master bedrooms each with a full ensuite bathroom as well as a guest 2 pc on the main level. Soaring ceiling height, skylights, focal fireplace and a view terrace of 169 sf. Hardwood flooring throughout, extensive custom millwork, updated kitchen and master bath/spa. This stunning loft residence is now available for those looking for something truly sensational and unique.

Asking Price of $1,198,000

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602-212 DAVIE ST

Fantastic home in the city! Apart from the massive deck with 600 plus sf, and the lovely views of the Marina, this gorgeous 1114 sf Vancouver downtown condo has 2 bedrooms and den area plus 2 full bathrooms. The gleaming dark chocolate hardwood floors and granite counters add to the finishings. Perfect entertainment style home. (Two parking stalls as well).

Just reduced from $800,000 to $779,000

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Welcome to your spacious town home in the heart of the action. The stylish 2 bdrm & den, 2 bath townhouse has over 1000 SF inside & another 1000 SF of private outdoor living space - a large deck on each floor. The interior is very contemporary with 10' ceilings, Euro-style fixtures, lots of insuite storage, only one common wall & very quiet. Escape the winter chills at the Ozone Club with its heated indoor pool, sauna, steam, whirlpool, exercise facility, theatre style media room, meeting rooms & social lounge with kitchen as well as a 24 hr concierge. 1 parking stall footsteps from your back door. And still under warranty.

Asking Price of $599,900

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1310-819 HAMILTON ST

Tastefully appointed 2 bedroom downtown Vancouver condo at the 819! Fabulous use of space & not an inch wasted. Open kitchen w/breakfast bar, lead to a large inviting living space complete w/gas fireplace & balcony w/city/mountain view. Large entrance foyer & guest bathroom, plus private master bedroom w/walk thru closet to your master ensuite & juliette balcony to capture summer breezes. Practical plus includes gated & secured parking, den & well proportioned 2nd bedroom that could double a home office. Upgrades include new cork and tile flooring in bedrooms and living areas. Buy with confidence in this trouble fee BOSA built-building.

Just reduced from $545,000 to $535,000

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 405 -988 RICHARDS ST

Rare opportunity to own an exquisite New York-style boutique residence just steps to Yaletown! This 2 level loft showcases 18' ceilings, expansive floor to ceiling windows, exposed concrete walls, hardwood floors, gourmet kitchen w/premium S/S Bosch & Amana appls, granite countertops, $10,000 custom motorized blackout blinds, gas F/P, balcony & walk in closet. Includes 1 parking & storage locker. A truly unique & highly sought after downtown condo offering Vancouver lifestyle.

Just reduced from $569,000 to $539,000

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312-1055 RICHARDS ST

Georgie Award winning building. DONOVAN! A Cressey Development in the heart of Yaletown. Live the Downtown condo lifestyle & enjoy this quiet 1 bdrm unit (no units above) complete with H/W flooring, S/S Miele appliance package, granite kitchen countertops, undermount sink, designer fixtures & a large insuite storage or den/office. One of the few downtown condos with Geothermal heating & air conditioning. Includes one parking & storage locker.

Just reduced from $445,000 to $435,000

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2902-1255 SEYMOUR ST

Welcome to the beautiful & sophisticated Elan. This gorgeous 2-Bedroom + Den comes with beautiful engineered dark-cherry hardwood flooring & stainless steel appliances including a ceran cooktop & wall oven. Front-loading efficient washer & dryer, stand-alone kitchen island made of composite stone & stainless steel sink with retractable vegetable sprayer as well as 2 parking stalls & storage locker are also some of the added bonuses of this unit. Rentals are allowed & pets are adored at Elan & with your Amazing 270-DEGREES panoramic Water View + 2 large balconies, you'll take price in calling this your home or investment. Elan is backed by Willis' 2-10-10 Warranty & Cressy's superb customer service

Just reduced from $648,888 to $638,888

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309-1252 HORNBY ST

Pure and Clean! This sunny, large, Open 1 bedroom vancouver condo is perfect for the individual who is seeking a unique, modern city home or investment. Feel safe in this concrete building with remaining warranty. Crisp white tile flooring, stainless steel appliances, Euro kitchen with a huge island perfect for entertaining. Sit on your Sunny large patio, work out in the gym or walk to all of the amenities that downtown offers. Parking, insuite storage and laundry are just a few other perks a home in this boutique buidling has to offer.

Just reduced from $419,900 to $409,900

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1505-788 RICHARDS ST

West-facing 1 bdrm downtown vancouver condo with city and mountain views and balcony at L'Hermitage, dark walnut hardwood floors, beautiful open kitchen with stainless appliances, great size at 651 sq ft, tenanted until June 21, 2011 @ $1449/mo.

Just reduced from $478,000 to $458,000

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501-1189 HOWE ST

THE GENESIS - 26 storey high concrete building located @ Howe & Davie. Grand Renaissance-inspired lobby with 24 hr concierge. Super indoor swimming pool, exercise room, library, guest room are some of the amenities and unique features at Genesis. This west-facing one bedroom & den (enclosed balcony) is on the quieter side of the building. Good floor plan gives you cozy and comfortable living space. Close to shopping, restaurants ... everything the Vancouver city living offers.

Just reduced from $335,000 to $332,000

For more photographs or information on this Vancouver downtown condo click this link.

2006-58 KEEFER PL

Welcome to the beautiful & sophisticated Firenze. This gorgeous 1 bedroom+den+solarium comes with stainless steel appliances including and granite counters. Heat is included in your monthly maintenance fees for those cold Vancouver nights and so is the amazing pool and rec facility. 1 parking stall and closeness to Costco and TNT are the added bonuses of this unit. Rentals are allowed & pets are adored at Firenze & with your Amazing Water and Harbour View + a versatile 64 sq ft heated Solarium with a huge sliding door to the outside for fresh air and inside, you'll take pride in calling this your home or investment. Firenze is backed by balance of 5-10 Warranty.

Just reduced from $418,888 to $409,888

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2 bed/2 den and 2 bath suite in the Mondrian by Bosa a terrific investment. Corner suite offers tons of light, this suite is perfectly appointed with an open granite kitchen includes gas range, spacious living + dining areas w gas fireplace, maple hardwood floors, great balcony w wood decking, corner bedroom w. courtyard outlook, great master w walk-in closet plus extra walk-in closet, + den perfect for home office or 3rd bedroom. All in one of the most highly regarded buildings w 'best in class' amenities incl pro-fitness gym,yoga/pilates studio, steam room, Jacuzzi, 2 guest suites, billiards + party lounge, caretaker and bonus LARGE parking stall is right next to elevator.

Asking Price of $519,900

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401-1212 HOWE ST

Fantastic location in the heart of the city. Live, work and play at 1212 Howe. Steps away from Yaletown, shopping and the entertainment district. Fitness World and Tim Horton's located in the same complex along with rapid transit and the marinaside just blocks away. This modern unit shows well and features stainless steel appliances with a fully functional kitchen, granite countertops, new cabinetry, insuite laundry and a large bedroom. The bathroom has a deep soaker-tub and designer fixtures. Take advantage of the large communal garden area to relax, walk and play, and the meeting room. Pets and rentals allowed. Low maintenance fees.Great investment.Call for a viewing. Backed by the 5-10yr warranty.

Just reduced from $359,000 to $349,900

For more photographs or information on this Vancouver downtown condo click this link.

To view previous Vancouver downtown condo price reduction updates click here

Attention all investors or anyone looking for a great condo, this is the place for you! S/E facing corner-unit at The Europa, International Village, steps to Tinseltown, T&T Market, Shopping, Rogers Arena, BC Place, Skytrain, Costco & more. Immaculate air-conditioned 2 bedroom + den & balcony with 2 full bathrooms, customized window screens, gas fireplace, kitchen boasts granite counters & stainless steel appliances including microwave, in-suite laundry, parking & storage locker. Floors: laminate/tiles (ideal for allergy-sufferers). On top of all of that, you get: 24-hrs site manager, indoor pool, spa, sauna, exercise room, theatre room & meeting room. What more could you possible want? Get packing...

Just reduced from $479,000 to $468,888

For more photographs or information on this Vancouver downtown condo click this link.

603-488 HELMCKEN ST

Exceptional "Heart of Yaletown" location, clean & modern renovation, in a meticulously maintained building. This 775 sq ft East facing 2 bedroom/2 bath - den suite has a generous open-planned layout with no wasted space & great cityscape views. This features a chef's appointed kitchen with new cabinets, granite countertops, stainless steel appliances, dark laminate floors, spa-inspired baths & modern lighting fixtures. With 1 parking, separate storage locker & the use of the gym, sauna, bike rooms & clubhouse makes this a perfect suite to call home or a smart rental investment unit. Pets & rentals are always welcomed here!

Just reduced from $478,800 to $469,900

For more photographs or information on this Vancouver downtown condo click this link.

2006-388 DRAKE ST

Governor's Tower by Concord. Building has just finished rain-screen and has full 10 year warranty. Spacious high level suite with fantastic open views. Beautifully updated with stunning walnut floors throughout, new high end stainless steel appliances, lighting, etc. Enjoy the use of the fantastic building amenities including lap pool, gym and 24-hour concierge. Secured underground parking and additional storage. Pets and rentals allowed.

Just reduced from $718,800 to $705,000

For more photographs or information on this Vancouver downtown condo click this link.

401-431 PACIFIC ST

Sharply priced, rarely available, gorgeously renovated, quiet and spacious 1 bedroom and den in 'Pacific Point'. This well laid out condo has 950 sq ft, dark oak laminate floors, brand new kitchen w/soft close cabinetry, granite countertops, stainless steel appliances, fresh paint, crown mouldings, new window coverings and plumbing fixtures - nothing to do but move in! Building has been fully rainscreened w/warranty remaining. Amenities include gym, hot tub, meeting and party room, games room & indoor/outdoor gardens. Come & check out this great opportunity to own in Yaletown!

Just reduced from $488,000 to $471,000

For more photographs or information on this Vancouver downtown condo click this link.

To view previous Vancouver downtown condo price reduction updates click here

PRICED BELOW BC ASSESSMENT VALUE! Panoramic views of English Bay water & downtown from all rooms through floor to ceiling windows at the modern and stylish Wall Centre in the heart of Downtown next to Sheraton Hotel. This FULLY AIR CONDITIONED, 2 bedroom + Den unit offers a large balcony, updated drapes, master bedroom with three large closets and ensuite, deluxe kitchen and oversized storage locker. Concierge, air conditioning and heat all included in your maintenance fees for an elegant care free lifestyle at Wall Centre. Use of hotel amenities including room service, valet parking, swimming pool, exercise centre and spa make the Wall Centre a fantastic place to call home.

Asking Price of $698,000

For more photograph's and information on this Vancouver downtown condo click this link.

To see more 2 bedroom Vancouver downtown condos for sale click here.

For more information on these or any other Kitsilano properties contact Dean here.

Legend

LP = list price

SP = sale price

CDOM = days on market

BR = # of bedrooms

BTH = # of bahtrooms

SqFt = square feet

LKR = locker

PKG = # of parking spots

* Statistics taken from REBGV

The Miro is located in Yaletown & is known to be an upscale building. Sub-Penthouse. One + Den. Spacious layout w/ walk in closet in the master. Facing west w/ 180 degree unblocked views. 1 parking + 1 storage. Pets & rentals allowed. Well managed building offering an exercise room, games room, library and garden courtyard. Top location, surrounded by fabulous restaurants, shops, parks & transit.

Just reduced from $389,900 to $379,900

For more photographs or information on this Vancouver downtown condo click this link.

To see more 1 bedroom Vancouver Downtown Condo's click here

An amazing 2 Bed 3 bath Vancouver condo on 34th floor, in Vancouver's premier buildings, the Sheraton Wall Centre is your best find with 24 hr concierge, valet parking, car & driver service and access to all Sheraton Hotel's amenities! It has 11 ft ceiling, open floor plan & gourmet kitchen. Features stone countertops, bar seating, hardwood floors, Bosch appliances, designer paint, walk-in closet. Fantastic opportunity to experience Sheraton defined first class living at very well priced suite a the Wall Centre before it sells fast!

Just reduced from $1,199,000 to $1,169,000

For more photographs or information on this Vancouver downtown condo click this link.

To see more 2 bedroom Vancouver Downtown Condo's click here

Super hip loft space with soaring 16 ft ceilings! One bedroom & den two level loft with parking, in the heart of the city at "THE SPOT". Bright west facing suite with spectacular open outlook over downtown & beyond. 14 ft windows provide maximum light & view. Great open floor plan awaiting your personal decorating touches. Pets & rentals allowed. Building has a gym & several shared rooftop decks. Yaletown & the seawall just steps away.

Asking Price of $439,000

For more photograph's and information on this Vancouver downtown condo click this link.

To see more 1 bedroom Vancouver downtown condos for sale click here.

Try any of the lunch specials for lunch, all for $8.00, and you won't be disappointed.  If you can't decide we suggest #645 the minced pork with eggplant, fresh basil & bell peppers.  You'll find the appetizers of a spring roll and salad are a great way to start you meal and they come with this!  If you remember any Thai from you recent travels be sure to try it out on the friendly wait staff.  You'll find yourself coming back again and again to Vancouver Downtown Condos pick for Best Thai in Yaletown (and probably the city).

Photo above by:  Geoff Peters

Dean Wegman and Vancouver Downtown Condo wish you a very Merry Christmas and a Happy New Year! Stay tuned for another year of Vancouver downtown real estate updates and information on neighbourhood trends, sales, and price reductions.

Sincerely,

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 per cent increase compared to August 2010 and 37.6 per cent decline from the 3,559 sales in September 2009.

In comparison, last month’s residential sales represent a 40.1 per cent increase over the 1,585 residential sales in September 2008, a 20 per cent decline compared to September 2007’s 2,776 sales, and an 11.9 per cent decline compared to September 2006’s 2,519 sales.

“We’ve seen fewer properties coming on to the market over the last three months. This trend, combined with the continued attraction of low interest rates, is likely having the effect of less downward pressure on home prices,” Jake Moldowan, REBGV president said.

Since spring, housing prices in the region have trended slightly downward, with a decrease of 2.7 per cent compared to the all-time high reached in April when the MLSLink® Housing Price Index (HPI) residential benchmark price was $593,419. The overall benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5.5 per cent to $577,174 in September 2010 from $547,092 in September 2009. The current price remains consistent with last month, rising just 0.1 per cent between August and September 2010.

Total active property listings posted on the Multiple Listing Service® (MLS®) in Greater Vancouver currently sit at 15,401, basically unchanged compared to last month and a 22 per cent increase from September 2009. Over the last three months, active listings in the region have declined12.3 per cent.

New residential property listings posted in September declined 17.6 per cent to 4,731 compared to September 2009 when 5,746 new units were listed.

“We saw signs of more stability in our marketplace last month than we have seen since spring based on a variety of indicators that we look at each month,” Moldowan said. “At 56 days, it took, on average, three days less to sell a home in our region compared to August. This is the first month-over-month decline we’ve seen in this category since April.”

Sales of detached properties in September 2010 reached 866, a decrease of 39.1 per cent from the 1,423 detached sales recorded in September 2009, and a 58.6 per cent increase from the 546 units sold in September 2008. The benchmark price for detached properties increased 6.7 per cent from September 2009 to $790,992.

Sales of apartment properties reached 971 in September 2010, a decline of 34.7 per cent compared to the 1,489 sales in September 2009, and an increase of 27.1 per cent compared to the 764 sales in September 2008.The benchmark price of an apartment property increased 3.7 per cent from September 2009 to $388,373.

Attached property sales in September 2010 totalled 383, a decline of 40.1 per cent compared to the 647 sales in September 2009, and a 39.3 per cent increase from the 275 attached properties sold in September 2008. The benchmark price of an attached unit increased 5.2 per cent between September 2009 and 2010 to $490,385.

The new agreement if accepted by the members of CREA on October 24^th would allow home seller’s a broader range of services when using a Realtor in the sale of their home.   For example some home owners may choose only to pay their Realtor for the services of having their home listed on MLS, and will deal with the other facets of the sale  - viewings, offer negotiation, transactional details etc themselves.

Will this change BC’s real estate industry?  Hard to accurately predict these things, but I think any effect it may have will not be dramatic as some believe.  Discount brokerages offering limited services have existed in BC for some time but still remain a very small part of the overall market share.

Services currently provided by most Realtors include - qualifying home buyer’s, advising a client of a home’s true market value based on current market conditions, arranging viewing tours of appropriate homes, reviewing building documents for potential risks, negotiating and overseeing contractual details, arranging inspections, conveyancing ... - the list is long and services complex with the Realtor’s goal aimed at ensuring a wise investment and creating a positive experience.   All these elements if taken on by a person unskilled in their details can be extremely stressful, overpowering, and add huge risks to what is often one the largest investments they will make. 

Broader options available to consumers will always maintain a healthy free market system but the Competition Bureau’s bulldog effort to apply new rules to CREA may in the end accomplish very little in BC.  A more co-operative approach and deeper consultation with Realltors and consumers could have achieved more. Unless people become more willing to take time out of their often already busy lives to study the detailed elements involved in a real estate transaction, many people will most likley continue to choose to use the more comprehensive Realtor service packages that already exist.

For more information visit –

 http://www.cbc.ca/consumer/story/2010/10/01/consumer-crea-mls-competition-bureau-agreement.html

http://www.torontosun.com/money/2010/10/01/15544556.html

http://www.winnipegfreepress.com/business/breakingnews/competition-watchdog-real-estate-association-reach-agreement-on-flexibility-104112434.html

• The sharp decline in housing resale activity since the beginning of the year has ignited fears that the Canadian market has started to crash.
• In large part, such concerns are based on the belief that the spectacular run-up in prices in the past several years reflected bubble-like conditions, which will inevitably end up in a gut-wrenching correction.
• While we agree that housing prices are currently historically elevated, we do not believe that any major slump will necessarily ensue.
• Housing affordability – the best indicator of underlying market tensions, in our view – has deteriorated in recent quarters but remains much better than it was in the late 1980s and early 1990s when bubbles clearly caused the Canadian market to meltdown in the years that followed.
• The further expected modest erosion of affordability in the period ahead is seen to cool housing demand not deep-freeze it.
• Home prices, overall, are generally expected to stay above water in Canada, although there are some local markets, such as such as Vancouver and, possibly, Montreal, where very poor affordability could well lead to declines to correct these imbalances.

Details

The 30% drop in seasonally-adjusted monthly housing re-sales in the first seven months of this year has raised fears that a full-blown slump is in the works for Canada. Last year’s spectacular rally, which not only contrasted sharply to the moribund state of housing in most other parts of the developed world but also heated up conditions to even greater levels than those which prevailed in 2007, are perceived by some as evidence of a bubble threatening to burst anytime.

Such fears are rooted in the significant price gains since 2001 that far exceeded household income growth in Canada. Home prices nearly doubled nationally during that period, while disposable income grew by less than 50%. The ease with which the Canadian market recovered the losses incurred during the (short-lived) downturn of the latter part of 2008 and early 2009 and with which prices surpassed previous record highs during the rally only feed the notion that the Canadian market is being driven by irrational behaviour.

However, we find little compelling evidence of irrationality or bubbles in the overall Canadian market relative to historical patterns.

The best measure of underlying stress – housing affordability – does not flag any major misalignment with respect to prices. At most, it points to a moderate degree of overstretching on the part of Canadian households – something that can be righted in time without causing a significant disruption in the market.

A natural benchmark to gauge the market’s vulnerability to a severe downturn is the level of affordability that prevailed in the late 1980s and up to early 1990, the last time that the Canadian housing market was widely viewed as being in a ‘bubble’, which was a period during which speculative activity was a prominent phenomenon and prices skyrocketed to irrational highs. The bursting of the bubble in late 1990 and its aftermath weighed of the Canadian market for the better part of the 1990s.

While housing affordability has been on a deteriorating trend again since the middle of last year – after improving significantly in 2008 and early 2009 – levels still remain much better than those in 1990. In the first quarter of this year, RBC’s affordability measure for a typical bungalow in Canada was 41.1% compared with 54.2% in the second quarter of 1990 (the higher it is, the less affordable homeownership is); nonetheless, this was modestly above the long-term average of 38.9%, suggesting some greater than usual underlying tension at present.

Exceptionally low mortgage rates are a key factor that have kept homeownership costs from spiralling out of households’ reach.

These low rates are also a key reason why affordability metrics cause much less alarm than valuation measures such as the price-to-income ratio or the price-to-rent ratio, both at or near record levels presently. Home prices are indeed elevated, but the monthly mortgage payments (i.e., the cash flows associated with those prices) are still well below dangerous levels.

The risk, then, is that as interest rates rise, affordability will deteriorate further. We have looked into the issue and simulated where affordability measures would be under more ‘normal’ mortgage rates – defined as the long-term real rate plus an inflation premium of 2 percentage points. We found that affordability in Canada would currently be about as poor as it was in early 2008 (more than 46% for the typical bungalow) but still significantly better than at the worse point in 1990. (The normal rate used in the simulation is approximately 150-basis points higher than the mortgage rates prevailing at present.)

Since the monetary policy renormalization is expected to take place during the next 12 to 18 months, the effect of rising interest rates on affordability will be gradual and, therefore, will not constitute a sudden shock to the housing market. Meanwhile, an expanding economy will spur household income growth, which will provide some offset. Consequently, underlying pressure is unlikely to erupt and devastate the Canadian housing market. In our view, the expected path of affordability will work to continue to cool demand for housing in Canada from its recent red hot pace. We do not believe demand will go into a deep freeze.

The implications for home prices are that, overall, they are generally expected to stay above water because supply will adjust in response to weakening demand.

It must be noted that this assessment focused on the overall market in Canada. Naturally, there are regional differences. Affordability measures flag more intense pressures then evident nationally in areas such as Vancouver where homeownership costs are still near record-high levels and far above anywhere else in the country. Montreal also has seen a notable erosion in recent years although affordability remains attractive relative to Canada’s other major cities. In the case of Toronto, measures point to modestly worse than average affordability (historically), but the situation continues to be significantly healthier than it was in the late 1980s and early 1990s.

Bottom line

Affordability measures suggest that housing market fundamentals are comparatively stronger than those that prevailed in 1990, thereby minimizing the risk that a 1990s-style crash will occur.

Nonetheless, because the cost of homeownership is likely to remain higher than average, a slower pace of housing market activity and more subdued pricing environment than we have experienced from 2002 to 2008 and again during the second half of last year should be expected.

written by - Robert Hogue - Senior Economist RBC

We've seen Raincity Grill withstand many years of serving the best food to locals, tourists, and celebrities.  The wine list is simply 'world class'.  Ask for recommendations and count on tasting something that you'll remember for years to come.  That's right we still remember that 2002 Grey Monk Chardonnay we drank in the fall of 2007 or was it 2006.  We did have a whole bottle so forgive our fuzziness on the exact year.  We do remember the wine and the food....just not the exact year we were there.  We'll never forget the hint of grapefruit with a dry finish that we paired with fresh made butter and bread.  Simple things are always the best.  Expect this same experience in anything you might order off the menu.  Local's know that you can go early for a discounted ticket.  Well worth it for those who'd like to sample Rain City without spending a pay check.  

For Vancouver downtown condo residents you're lucky to have this in your neighborhood.  

Photo above by:  roland

To make matters worse with implementation of the HST this July costs to homeowners will increase by 7 percent for labour and materials. Contractors and renovation companies have been preparing for the worst and already experiencing a major decrease in jobs.

The tax credit was part of the government’s economic stimulus plan and returned up to $1,350 to homeowners on work completed by February 1^st , 2010.

Know why you are buying

Having a long term strategy is essential as it will determine what type of property to buy to achieve your desired outcome.  Will you buy, renovate, and sell ... or hold for the long term?  Are you buying for capital growth or cash flow?  These are just a few questions you must first consider and discuss with your Realtor.

Have a significant deposit

With the new Canada Mortgage and Housing Corporation (CMHC) rules a 20 percent deposit is now mandatory if any other real estate is already owned.  Having 2o percent or more for deposit also prevents you from paying the CMHC insurance, provides a buffer if interest rates rise sharply, and will give you access to better loans as it shows the bank you are a safe bet.

Get your finances ready early

Get pre-approved right away so you don’t waste valuable time searching for a property you may not be able to afford. Shop around for the best rates and terms, and make sure there are no hidden surprises like huge penalty clauses if you pay out the loan early or decide to re-finance. Also make sure the term matches your investment strategy – you don’t want a 5 year mortgage term if you plan on renovating and selling the property in two years time.

Location, Location, Location

We’ve all heard the expression but for good reason.  Not all properties will give you the same return, neither will all locations.  If using a long term investment strategy what will happen to the area down the road?  Will there be any major infrastructure developments, introduction of social housing, or efforts to implement zoning changes? You will need to speak to local municipal councils, and government to find out what may be happening down the road.

Location is also key in ensuring you will be able to rent for good value in any market conditions. If four new high rises are being built nearby you may want to consider somewhere with less of an oversupply.

Who will your tenants be?

Fortunately for investors Vancouver’s vacancy rate has been extremely low in past years so tenants can’t be as picky as they may want to be.  However with the 2008 global recession and market downturn we saw that properties that sat on the market and were unable to sell were suddenly looking for tenants and the rental market shifted quickly even here.

It is smart to make sure an investment property appeals to a wide range of prospective tenants.  A studio in downtown Vancouver may seem like a great idea if only targeting single professionals or students, but perhaps a 1 bedroom and den in East Vancouver for the same price would serve you better. You would be able to attract the same demographic, as well as older couples, retirees, or young families.

Don’t buy without seeing it first

Wide angle lens and digital camera’s can make places look great ... unrealistically great.  The information given with the listing and on MLS is a good starting point, but needs to be verified and often inspected by you and your Realtor.  The marketing information also may not disclose important details. What’s next door or down the street? Can people on the skytrain see you in your living room? Take some time and visit the property and neighbourhood. A good Realtor should do this for you beforehand. 

Have an inspection done by a professional

You may have spoken to the neighbour or know someone in the building that says “everything is fine!” ... but be sure to do your due diligence. For approximately four hundred dollars you can greatly minimize your risk of buying a “lemon” or “leaker” and properly evaluate the quality of the property. As is often the case in Vancouver where many people live in condominiums, you as a homeowner are responsible for the maintenance of not just your unit, but have shared responsibility for the whole complex.  Roof, windows, boilers, garage, etc.  Don’t take the words of others as they may not know, have an inspection done before you remove the conditions of your offer.

Research the comparable properties

Knocking off 10 or 20 percent may seem like a reasonable idea but in reality may be unrealistic and cause you to let that great property slip through your grasp.   You need to have solid understanding of current values and know whether something is overpriced, underpriced, or asking a reasonable amount. 

Buying an investment property should be based on facts, not emotions. If the numbers don’t add up you have to be able to walk away. To know when to walk away you need to know what the property is worth and that is done by researching comparable sales.  The more similar the property and more recent the sale the better but a Realtor can show you how to find the best comparables and what strategy is best based on the situation.

Negotiate with your brain ... not your heart.

As you’re looking at the property as an investment and not a home be sure to leave you emotions behind when negotiating. As long as it meets your investment plan, is attractive to the rental market, and can give you the return you are looking to achieve it may be worth an offer.  Research the comparables to determine market value, and get your Realtor to advise a smart offer strategy. If you can’t reach a reasonable agreement walk away and try again on something else.

Work with professionals

Get expert advice from those that know the industry.  Speak to your accountant, lawyer, and a local Realtor.  You may not have the time of expertise to make all these decisions by yourself and do not want to make the mistake of overpaying or buying the wrong type of property.

To learn more about buying investment properties in Vancouver and making smart investment decisions contact Dean Wegman of Sutton West Coast Realty by clicking here.

A few other interesting highlights regarding Vancouverites from the poll:

• 47 percent would invest in a condo mainly for rental income - the highest amount in the country.
• 45 percent cited affordability as the most common reason in buying a condo (24 percent nationwide), with less maintenance at 21 percent, and downsizing from a house at 15 percent as the two other top reasons
• 53 percent would buy a house over a condo if they had more money - highest nationwide
• 42 percent would most likely consider raising a family in a condo - 36 percent nationwide
• 31 percent would be willing to spend more than $400K for a 2 bedroom condo – 15 percent nationwide
• 8 percent would pay more than $400 a month in condo fees

The TD poll interviewed 200 people in each of the five major urban centers of Canada mid April this year.