Andreas Nystrom

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If you were worried or hoping that the the Vancouver real estate market was going to cool down, you might be in for a bit of a shock. A recent listing from East Vancouver was listed for $1.6 million and ended up selling for 35% over asking! That's $567,260 over asking and roughly $1000 a square foot.

 

This beautiful heritage home is located at 65 East 26th Avenue, just off Main Street. It has a total of 3 bedrooms and 2,154 square foot of living space. The home is only a year old and also includes a 1-bedroom basement suite.

 

This property was the highest selling price per square foot in East Vancouver. Vancouver is still breaking records and the market is still quite active. 

 

The neighbourhood around Main Street and Mount Pleasant in Vancouver is a rapidly growing hub of interest from buyers.

 

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I have sold a property at 1807 5288 MELBOURNE ST in Vancouver.
SPECTACULAR CITY AND MOUNTAIN VIEWS!!! This 2 bedroom apartment is immaculate and has unobstructed views from both bedrooms, the living room, open kitchen, and the BBQ friendly deck. The building offers access to the full exercise/weight, ping pong and party room. Double-gated underground parking as well as key fob access to your floor and all the common areas. Few minutes walk to sky-train, schools, shopping, and parks. Unit comes with 1 parking and in-suite storage. Call today for private showing. Great value, not to be missed!
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I have sold a property at 14 168 SIXTH ST in New Westminster.
Gated strata complex; central located with close proximity to shopping stores, walking distance to Douglas College, elementary and high schools and easy access to bus stops and sky train. The location just within the city centre locationand just across the New Westminster City Hall. Beautiful, well maintained strata lot with finished ground floor basement/ recreation room with full bathroom. Living/ dining and kitchen on the upper main floor with sliding door to the private patio to enjoy the summer get together. Master bedroom and bedrooms located on the upper floor. The recreation room located on the main ground floor is very ideal floor student/ home stay. Corner unit private setting. Corner Unit.
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Please visit our Open House at 1404 1205 HOWE ST in Vancouver.
Open House on Saturday, March 28, 2015 2:00 pm - 4:00 pm
Welcome to highly desired Alto! This bright air conditioned SubPH home offers 10' ceilings throughout, floor to ceiling windows, 2 outdoor spaces, solarium, modern designer colours, beautiful tile work, chef's kitchen w/polished stone countertop, custom cabinetry, spa-like baths with Duravit Starck free-standing bath tub. Separated bedrooms for ultimate privacy and a large dining area perfect for entertaining. Take in panoramic views of Vancouver's skyline from every room. Well managed building that has a bike room, lounge & terrace w/ outdoor F/P & BBQ. Amazing location! Very central where Yaletown meets the West End. You are never 10 minutes away from all downtown has to offer!OPEN HOUSE MARCH 28TH 2-4PM
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In March of this year, that last segment was lifted in into place officially finishing the elevated length of track for the new Evergreen Line extension. This marks a 60% completion point for the entire project slated to open in Spring 2016, but may have to be extended to Fall 2016 due to some unforeseen tunneling issues.

 

The entire length of elevated guide-way totals 1,005 concrete slabs weighing approximately 23-26 tonnes. Along with easing traffic woes in the area, the Sky Train project is also bringing with it much needed repair and investment to local infrastructure, housing and businesses.

 

Some of the local roads are seeing expansion, repair and maintenance due to the Sky Train's presence. As well, investors are taking the opportunity to start building developments at the new stations in anticipation of what the Expo and Millennium lines have done to their respective stations.

"What we have done to develop Sky Train stations is a bit of a phenomenon."

With the ever increasing prices in Vancouver, incredibly low mortgage rates, there is a flow of new home buyers moving east and Port Moody/Coquitlam is a destination people are considering.

 

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I have listed a new property at 1404 1205 HOWE ST in Vancouver.
Welcome to highly desired Alto! This bright air conditioned SubPH home offers 10' ceilings throughout, floor to ceiling windows, 2 outdoor spaces, solarium, modern designer colours, beautiful tile work, chef's kitchen w/polished stone countertop, custom cabinetry, spa-like baths with Duravit Starck free-standing bath tub. Separated bedrooms for ultimate privacy and a large dining area perfect for entertaining. Take in panoramic views of Vancouver's skyline from every room. Well managed building that has a bike room, lounge & terrace w/ outdoor F/P & BBQ. Amazing location! Very central where Yaletown meets the West End. You are never 10 minutes away from all downtown has to offer! OPEN HOUSE MARCH 21, 2-4PM.
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Please visit our Open House at 1404 1205 HOWE ST in Vancouver.
Open House on Saturday, March 21, 2015 2:00 pm - 4:00 pm
Welcome to highly desired Alto! This bright air conditioned SubPH home offers 10' ceilings throughout, floor to ceiling windows, 2 outdoor spaces, solarium, modern designer colours, beautiful tile work, chef's kitchen w/polished stone countertop, custom cabinetry, spa-like baths with Duravit Starck free-standing bath tub. Separated bedrooms for ultimate privacy and a large dining area perfect for entertaining. Take in panoramic views of Vancouver's skyline from every room. Well managed building that has a bike room, lounge & terrace w/ outdoor F/P & BBQ. Amazing location! Very central where Yaletown meets the West End. You are never 10 minutes away from all downtown has to offer! OPEN HOUSE MARCH 21, 2-4PM.
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Our Real Estate Market is on fire right now! In February there where 3,061 sales, this is a substantial 21% increase compared to February 2014, and 20.2% above our 10-year average. There were 5,425 homes listed for sale on MLS® last month, up 15% compared to last February.

Exciting news for Sellers right now, the benchmark price for detached homes in the Greater Vancouver Region has increased 9.7% in the last 12 months. This makes the detached home average price $1,026,300!  Watch the video for more benchmark prices or contact me to discuss your buying or selling needs today!



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It's happening again, the Vancouver home surge is sending bidding wars and price surges outwards. This ripple effect is finding it's way into communities on the North shore, Tri-Cities, and even into the Fraser Valley. 

 

The Vancouver housing marketing, most importantly detached homes, are going for more than asking price. This trend towards an ever increase in value is driving buyers outwards looking to get more value for their money. But even as these buyers head outwards to try and find more value they are still part of a larger volume of home buyers doing the same thing. Even in North Vancouver and Coquitlam some homes have bidding wars and the home ends up selling more than asking price. This trend has even been noticed as far as Maple Ridge again.

 

In January, there were about 50 homes for sale in North Vancouver for more than $1.2 million and 42 sold within 8 days of listing them. Many experts attribute this increase in buying power to dropping interest rates. This increases the overall value for foreign investment as well as local investment as interest rates are not hovering around the 2.19% mark.

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Strata Management Companies

These are the companies that general run the day to day operations of condo or townhouse stratas. Because most individuals have full time jobs and busy lives they rely on hiring experienced companies to maintain and deal with all the financials. If the strata you are looking at does not have a strata management company it might be too small to warrant one but this is something you should find out why. Another red flag would be if the strata is between or just hired a new management company and if they go through management companies quickly.

Community Living

Unlike living in a detached home living in a strata involves a community vote. When maintenance, changes or upgrades are needed it will be decided through a majority vote of the owners within the strata.

Strata Minutes and Depreciation Reports

When deciding which strata to live in make sure that you and your REALTOR obtain the strata meeting minutes for the last couple years. These documents detail all the past, present and future issues.

 

Depreciation reports are now required by law and outline the plans, requirements and maintenance required for the next 25-30 years including foundations, roofs, exterior, windows, plumbing, pipes, etc. You want to see what will be required and what time of contingency the strata has planned for.

Older Condos

Older condos tend to be on par with the price of newer condos so you want to be careful what the age of your building is. There is nothing wrong with buying an older building as long as it was properly maintained and the strata has outlined a good depreciation report and has correct finances to cover everything.

 

The flip side is that older condos tend to be more unique, heritage status, larger in size and have character.

 
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