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Oakwyn Realty Ltd.

400-1286 Homer St

Vancouver, BC

V6B 2Y5

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alecabbott.realestate

• Oakwyn Realty Downtown
• 778-996-5438
• Top 10% Medallion Club
• [email protected]

While the Metro Vancouver market ended 2023 in bal

While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the volume of home sales.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788).

“It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many buyers and sellers delaying major decisions. If sellers don’t step off the sidelines soon, the competition among buyers could tilt the market back into sellers’ territory as the available inventory struggles to keep pace with demand.”
Andrew Lis, REBGV director of economics and data analytics

“Our 2024 forecast is calling for a two to three per cent increase in prices by the end of the year, which is largely the result of demand, once again, butting up against too little inventory,” Lis said.

“If the January figures are indicative of what the spring market has in store, our forecast may already be off to an overly conservative start. Markets can shift quickly, however, and we’ll watch the February numbers to see if these early signs of strength continue, or whether they’re a blip in the data.”

A sneak peek at 1063 Old Lillooet Road, North Vanc

A sneak peek at 1063 Old Lillooet Road, North Vancouver
#northvancouver #northshore #realtor #realestate #vancouverrealestate #sold #listing #vancouver #vancity #britishcolumbia #realtors #northvan #realestateinvesting #realestateinvestor #realestatelife

Just Listed! 📍1063 Old Lillooet Road, North Va

Just Listed!

📍1063 Old Lillooet Road, North Vancouver

Welcome to Lynnmour West and this beautiful 2 bed, 1.5 bath unit. The home boasts 1,090 sqft of living space with an extra 250+ sqft of storage space below. If you ski, mountain bike, camp or enjoy any hobbies that need space for storage or a work shop this is the property for you. Inside the home you will find a large living/dining area which leads out onto your balcony with expansive tree top views. The kitchen features reclaimed wood soft close cabinets, granite counter tops, and a huge farmhouse style sink. The main bathroom has been renovated with heated floors, a large soaker tub and the second en-suite 1/2 bathroom has been tastefully updated. Along with the two large bedrooms you will find the den which adds ample in-suite storage for your more expensive toys. Pets & Rentals welcome!

⁣📐 1,090 sq ft
🛏️ 2 bed
🛁 1.5 bath
🚗 1 parking

💲 Offered at $779,999.

Just Listed! 📍416-608 Como Lake Ave, Coquitlam

Just Listed!

📍416-608 Como Lake Ave, Coquitlam

Welcome to the epitome of Burquitlam living at “Georgia” by award winning developer Mosaic. This well maintained one bedroom penthouse feels light and spacious with it’s over height ceilings and easy to furnish open concept floor plan. The contemporary style kitchen comes finished with s/s appliances, composite stone countertops and ample storage space. The spacious bedroom has walk through closets which lead to your beautifully finished cheater en-suite bathroom. Enjoy the upcoming summer days on your large balcony. You are steps from the skytrain, shopping, grocery stores, restaurants, cafes, gyms and much more! Pets and rentals welcome.

⁣📐 629 sq ft
🛏️ 1 bed
🛁 1 bath
🚗 1 parking
🚆 Steps from the sky train

💲 Offered at $549,000.

Just Sold! 📍602-8230 208B St, Langley There

Just Sold!

📍602-8230 208B St, Langley

There is nothing better than helping your best friend purchase their first home! This beautiful pre-sale will be completing in 2026 and with the incentives we managed to lock in it was a no brainer!

The Commons offers 199 exquisite condos featured in a 4-storey and 6-storey community with homes ranging from cozy studios to spacious 3- bedroom residences. The community includes an array of exceptional amenities that boasts a magnificent 5,000 square foot rooftop amenity complete with lush gardens, an outdoor BBQ area, a putting green, and various gathering spaces, also offering an indoor amenity space featuring a meeting room and fitness room. Centrally located in Willoughby, The Commons is surrounded by major entertainment options, shopping destinations, and convenient transportation links.

⁣📐 553 sq ft
🛏️ 1 bed
🛁 1 bath
🚗 1 parking
💨 AC

💲 Offered at $539,990.

Just Sold! 📍213-1154 Westwood St, Coquitlam A

Just Sold!

📍213-1154 Westwood St, Coquitlam

An awesome buy for my investor client who managed to snatch this one up with a possible strata wind up on the way. This will be a great long term hold with an easy rental revenue.

⁣📐 1026 sq ft
🛏️ 2 beds
🛁 2 bath
🚗 1 parking

💲 Offered at $699,000.

Just Sold! 📍107-6893 Prenter St, Burnaby A ma

Just Sold!

📍107-6893 Prenter St, Burnaby

A massive congrats to my client on the purchase of his newest home in Burnaby. This beautiful ground floor unit has been completely renovated inside and the faced back yard was exactly what we were looking for!

⁣📐 688 sq ft
🛏️ 1 beds
🛁 1 bath
🚗 1 parking
🪴 Fenced back yard

💲 Offered at $650,000.

Just Sold!

📍205-189 E 16th Ave, Vancouver

I’m super excited for my first time home buyer client on this awesome purchase! We managed to get in before any other groups, which lead to us being able to prepare a strong offer and get this unit secured in one of my favourite neighbourhoods in Vancouver.

⁣📐 905 sq ft
🛏️ 2 beds
🛁 2 bath
🚗 1 parking

💲 Offered at $799,000

Just Sold! 📍991 Old Lillooet Road, North Vanco

Just Sold!

📍991 Old Lillooet Road, North Vancouver

Congrats to my clients and friends for locking in this awesome Townhouse in North Vancouver! This home checked all the boxes when it came to their upsizing needs.

⁣📐 1779 sq ft
🛏️ 4 beds
🛁 3 bath
🚗 2 parking

💲 Offered at $1,199,000.

A collection of one to three bedroom premium homes

A collection of one to three bedroom premium homes, Ashton offers quintessential West Coast living in Lynn Creek Village.

A master planned neighbourhood that will offer over 25,000 square feet of retail shops, grocery stores, childcare facilities, restaurants, and direct access to Marie Place Park with biking and hiking trails. You’ll find everything you need at Ashton, but with the convenience of major transportation hubs within easy access.

Selling now – discover the North Shore’s newest destination to call home.

Prices starting at $649,900 with 10% down

@fairbornehomes @aceprojectmarketing

Just Sold! 📍110-1145 Westwood St, Coquitlam

Just Sold!

📍110-1145 Westwood St, Coquitlam

Super excited for my clients first purchase in Vancouver! A great investment property in an awesome location.

⁣📐 874 sq ft
🛏️ 2 beds
🛁 2 bath
🚗 1 parking

💲 Offered at $549,000

With one month left in 2023, a steady increase in

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average (2,538).

"We’ve been watching the number of active listings in our market increase over the past few months, which is giving buyers more to choose from than they’ve been used to seeing over the past few years. When paired with the seasonal slowdown in sales we typically see this time of year, this increase in supply is creating balanced conditions across Metro Vancouver’s housing market."
Andrew Lis, REBGV director of economics and data analytics.

“Balanced market conditions typically come with flatter price trends, and that’s what we’ve seen in the market since the summer months. These trends follow a period where prices rose over seven per cent earlier in the year,” Lis said.

“You probably won’t find Cyber Monday discounts, but prices have edged lower by a few per cent since the summer. And with most economists expecting mortgage rates to fall modestly in 2024, market conditions for buyers are arguably the most favorable we’ve seen in some time in our market.”

Just Sold! 📍312-8423 Cedar St, Misson Congra

Just Sold!

📍312-8423 Cedar St, Misson

Congrats to my long term client and friend on the newest addition to her real estate portfolio!

⁣📐 525 sq ft
🛏️ 2 beds
🛁 1 bath
🚗 1 parking

💲 Offered at $409,000

Just Sold! 📍7-251 W 14th St, North Vancouver

Just Sold!

📍7-251 W 14th St, North Vancouver

With how the market is going these days a sharply priced home, presented in it’s best possible light is the way to a successful sale. I’m so happy for my amazing clients to who got an accepted offer within 4 days of their property being listed on the market!

⁣📐 1,612 sq ft
🛏️ 3 beds
🛁 2 baths
🚗 1 parking
📺 Recreation room
☀️ Huge patio

💲 Offered at $1,164,000

Just Sold! 📍53-7928 209 St, Langley A massive

Just Sold!

📍53-7928 209 St, Langley

A massive congratulations to my client on the purchase of his first ever home in Willoughby. When we viewed this property the price had just been reduced and it was BUSY! We made the snap decision there and then to write on the unit and be the first to the table. This scared off all other parties and my client got an awesome price for this spacious townhouse.

⁣📐 1,312 sq ft
🛏️ 3 beds
🛁 2 baths
🚗 3 parking
🪴 Backyard
🏊🏻‍♂️ Outdoor pool

💲 Offered at $799,998

7-251 W 14th St, North Vancouver 3 bedroom Townh

7-251 W 14th St, North Vancouver

3 bedroom Townhouse in Central Lonsdale!

Just Listed! 📍7-251 W 14th St, North Vancouver

Just Listed!

📍7-251 W 14th St, North Vancouver

Welcome to “The Timbers” located in Central Lonsdale. This stunning corner unit Townhouse boasts over 1600 sq ft of living space with 3 spacious bedrooms, a wood burning fireplace, a huge outdoor patio and a lower level rec room (with skylight), which is perfect for entertaining or a 4th bedroom. If you are looking to live the North Van lifestyle this is the one for you! With massive amounts of storage for all your outdoor sporting gear and direct access to the parkade through your home you can rest assured that you will stay dry during our rainy winters. You are within walking distance of everything Lonsdale has to offer and public transit is just a block away with access to restaurants, shopping, amenities and local schools. Pets & Rentals welcome!

⁣📐 1,612 sq ft
🛏️ 3 beds
🛁 2 baths
🚗 1 parking
📺 Recreation room
☀️ Huge patio

💲 Offered at $1,164,000

An increase in newly listed properties is providin

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

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

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

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

“With more supply in the form of resale inventory, and weaker demand in the form of slower sales, we’ve seen market conditions overall adjust towards more balanced conditions. It’s noteworthy that the multifamily segment remains more active than the detached segment at this time,” Lis said. “While the highest borrowing costs we’ve seen in over a decade continue to constrain affordability, a silver lining for buyers is that price increases have abated with these more balanced market conditions, meaning purchasing power is holding steady for the moment.”

Just Sold! 📍8973 Horne St, Burnaby I am so e

Just Sold!

📍8973 Horne St, Burnaby

I am so excited for my clients to secure this awesome 3 bedroom unit in Burnaby. The great size bedrooms, covered patio space and homely feel ticked all the boxes they were looking for!

⁣📐 1,212sq ft
🛏️ 3 beds
🛁 2 baths
🚗 1 parking
🏊🏻‍♂️ Swimming pool

💲 Offered at $749,900

Welcome to W16 by @wesgroup x @olsonkundig. This

Welcome to W16 by @wesgroup x @olsonkundig.

This limited collection of 53 one to three-bedroom homes situated on Cambie & West 16th Ave enjoy a prime location, ensuring residents are within easy reach of everything this vibrant city has to offer. This includes quick access to transportation hubs, recreational facilities, and a myriad of dining and shopping options. A total of 9,678 sq ft of ground floor commercial space is divided into six commercial retail units, including a corner restaurant.

These homes redefine luxury living. Spacious, well-designed floor plans are complemented by high-end finishes and fixtures. Expansive windows allow natural light to flood in while offering stunning views of the city and mountains. Residents can expect open-concept kitchens, designer bathrooms, and elegant living areas that exude style and sophistication.

“A striking, distinctive building that is experimental yet elegant and unites architecture, individual and nature.”
- Olson Kundig

✉️ DM me for pricing, floor plans and a sneak peak!

#realestate #vancouver #presale #vancity #wesgroup #vancouverpresales #realtor #vancouverbc #cambie #olsonkundig #architecture #sale #home #interiordesign #design #living #downtown #vancouverhomes

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