4963 MARGUERITE ST. $2,895,000 The perfect Shaughnessy family home! Enjoy 3500 sf of fully renovated character home offering 6 bedrooms, and 4 bathrooms sitting on the perfect 50×125 lot on the perfect street in the perfect Shaughnessy pocket. $500k in renos spent on this classic 1920 character home restoring its beauty with modern functionality including: All new top floor and main floor (built 2010), new electrical/plumbing (2010), new kitchen (2008), garden & landscaping (2007). Bonus is 4 bedrooms, 2 bathrooms on upper floor for the entire family. Gorgeous main floor with open plan and modern gourmet kitchen w/full eating and dining areas. Fully finished basement for play or nanny! If you enjoy warm character but want a new home – this is the home for you. And all this for under $3M. Walk to Little Flower, York House, Arbutus Club, and Arbutus Mall. This rare find will not last long, call now for showings schedule and view photos online.
Shaugnessy Market Update
What sold this year in Shaughnessy?
- So far this year there has been 107 house sales in Shaughnessy
- The highest price sale was $15,190,000
- The lowest price sale was $1,635,000
- The average price was $4,587,438
- The median price was $3,998,000
How did the Westside market perform over 2013?
2013 was a turbulent but good year as far as the Westside real estate market is concerned. This is reflected in the data collected below. One of the metrics we use to gauge the market is the sales/listings ratio (or the absorption rate). The higher the ratio, the better the absorption rate and the higher the probability of selling. A sales ratio below 15% reflects a ‘Buyer’s Market’, 15-20% is a ‘Balanced Market’ and above 20% is a ‘Seller’s Market’. The sales ratio shows us starting the year slowly in a Buyer’s Market, with a dramatic improvement through spring to a peak market in May (ironically paralleling the May 14th provincial election results). Many consumers breathed a sigh of relief and confidence came back to our marketplace. Our typical drop in activity over summer (holidays) is followed by a constant and healthy strengthening of absorption, shooting into a Seller’s Market by the end of September. For all intents and purposes our market has returned with a vengeance. The local pent-up demand coupled with renewed off shore activity is fuelling the strong market recovery. Early 2014 looks to be the perfect opportunity for sellers to take advantage of a strong and healthy market to sell in.
What is the breakdown of all Current Listings in Shaughnessy?
To better understand the Shaughnessy active market breakdown, we prepared the graph showing the number of active homes in each price category
Average Time on Market
The average time on market is an important indicator showing the saleability of a home based on how well it is positioned in the market, how well it is marketed and exposed to the buying public, and finally how well the home shows to the buyers who make it through the front door. Typically homes that are on the market for more than 60 days are considered ‘stale’ in our market place and most buyers consider a stale listing as over-priced or they think something is inherently wrong with the property. Statistics show that the ideal exposure period of a home where the very best sale price can be obtained is within the first 7-14 days. The highest activity is generally within the first 30 days and tapers off exponentially from there.
- Average time on the market in Shaughnessy for the Real Estate Board of Greater Vancouver: 69 days
- Average time on the market in Shaughnessy for Team Marty Pospischil: 7.5 days
In summary, the Shaughnessy and Westside markets have shown an excellent recovery ending the year in a strong Seller’s Market. A unique window of opportunity for those wishing to take advantage of this will open in Early 2014 and well into the spring market. We are expecting excellent prices to be the result for those selling. Whether you are downsizing, changing homes, or upgrading to something larger, the timing of such a move is critical to maximize the gain and minimize the marginal cost. Our “Real Estate Timing Analysis” offers excellent insight into exactly this question for anyone thinking of a move. For a more detailed in-depth analysis of the Shaughnessy solds for 2013, please contact Team Pospischil for our detailed “Shaughnessy Sales Report”.
Depending on whether you are looking to buy or sell, Team Pospischil is here to assist and strategize with you on how you can best take advantage of the present market and future market.
Did You Know
Arbutus Ridge/Kerrisdale/Shaughnessy ARKS contains many significant areas of heritage and character buildings. From its inception in the early part the of last century, First Shaughnessy has held a special place in Vancouver as the home for many of its grandest homes and gardens. Kerrisdale also began its development at the turn of the 20th Century, while Arbutus Ridge was built largely during and after WWII.
What Our Clients Say…
Not only did you deliver within our price expectation range (when other realtors questioned it) – you also delivered it well within your promise of a month – in fact in five days. Whilst I wouldn’t want to raise others expectations to quite the same level, your thoroughness and approach for securing a sale was successful for us. You came to us highly recommended and you have lived up to your reputation.
– Peter and Regina W
3751 CYPRESS ST. $6,380,000 The perfect Shaughnessy home! Enjoy over 6400 sf of fully renovated character home offering 8 bedrooms, and 8 bathrooms sitting on a professionally landscaped 15,200 sf lot. $800k in renos spent on this classic early century home restoring its beauty with modern functionality including: all new electrical, all new plumbing, new kitchen, new bathrooms, new services, light and plumbing fixtures, and fully finished basement. Large principal rooms, and formal dining plus great outdoor areas make this home great for entertaining. Bonus is fully developed fourth floor with full height ceilings and great artist/work space or play space for the kids! Basement is beautifully finished, full height, and nanny ready. This is the home you have been waiting for in the best pocket of First Shaughnessy. This rare find will not last long, call now for showings schedule and view photos online.
1460 MATTHEWS AVE. $4,380,000 Excellent First Shaughnessy property with full 80×143 lot. Enjoy full southern exposure rear yard, Prestigious street one block from the Crescent. Existing home was built in 1974. This approx. 3000 sq.ft. home is undergoing a complete renovation from the studs out. When complete will have all new kitchen, bathrooms, fixtures, rear deck with new overhang, etc. Seller will sell now to right buyer. Priced at assessed value! Don’t wait long to buy this rare find, view detailed information online as it becomes available. Showings by appointment only.
Christmas at Hycroft – Nov 21 – 24 1489 McRae Avenue
Festival of Lights – VanDusen Gardens Dec 11th – Jan 4th 5251 Oak St. (at West 37th)
Reindeer Swim – Kerrisdale Pool – Dec 20th 5851 West Blvd.
Chinese New Year – 40th Festival Year / Year of the Horse – Feb 2
Email or Call us for the Shaughnessy Sales Report outlining
all the recent sales and active listings in this neighbourhood