I just finished uploading this Condo for sale, 2303 602 CITADEL PARADE, Vancouver West, BC

Fantastic VIEWS of City, Water, North Shore Skyline and Mountains. Welcome to Spectrum 4 by Concord Pacific. This bright CORNER UNIT features 2 bedrooms, 2 bathrooms plus den and insuite storage. Open kitchen with modern appliances and quartz countertops. Floor to ceiling windows to bring in lots of natural light. Spa-like amenities in Club Ozone include indoor lap pool, sauna, steam room, fitness center, party room and more. 24 hour concierge service. Ultra-convenient location with Costco below the building and Skytrain station just across the street. Yaletown, Rogers Arena, BC Place, Sea Walk, International Village and Tinseltown are all just steps away. Open House Sat June 18 (1 -3 pm). Don't miss out on this one!!

We are proud to announce that this Jun 18th, 1:00 PM to 3:00 PM we will be hosting an Open House at 602 CITADEL PARADE in the Downtown VW neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful Downtown VW.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Downtown VW Condo for sale.

As always please do not hesitate to give me a call at if I can answer any questions before the open house, or if you would like to book a private showing.

Nick Mourzikov
Aisa Real Estate Services

Metro Vancouver* homes continue to sell at an unprecedented rate in communities across the region.

Residential property sales on the region's Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, an increase of 17.6 per cent from the 4,056 sales recorded in May 2015 and a decrease of 0.3 per cent compared to April 2016 when 4,781 homes sold.

Last month’s sales were 35.3 per cent above the 10-year sales average for the month and rank as the highest sales total on record for May.

"Home sellers are becoming more active in recent months, although that activity is being outpaced by home buyer demand today," Dan Morrison, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,289 in May 2016. This represents an increase of 11.5 per cent compared to the 5,641 units listed in May 2015 and a 2.6 per cent increase compared to April 2016 when 6,127 properties were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 7,726, a 37.3 per cent decline compared to May 2015 (12,336) and a 2.3 per cent increase compared to April 2016 (7,550).

"Economic and job growth in Metro Vancouver is out performing most regions in the country. This is helping to underpin today’s activity," Morrison said.

The sales-to-active listings ratio for May 2016 is 61.7 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $889,100. This represents a 29.7 per cent increase compared to May 2015.

Sales of detached properties in May 2016 reached 1,865, an increase of 8.2 per cent from the 1,723 detached sales recorded in May 2015. The benchmark price for detached properties increased 36.9 per cent from May 2015 to $1,513,800.

Sales of apartment properties reached 2,150 in May 2016, an increase of 34.4 per cent compared to the 1,600 sales in May 2015. The benchmark price of an apartment property increased 22.3 per cent from May 2015 to $485,000.

Attached property sales in May 2016 totalled 754, an increase of 2.9 per cent compared to the 733 sales in May 2015. The benchmark price of an attached unit increased 24.9 per cent from May 2015 to $632,400.

http://www.rebgv.org/news-statistics/demand-remains-elevated-across-metro-vancouver-housing-market