Karen-Carter-Douglas Park - July 2022

CREST REALTY

RE/MAX Crest Realty 1428 W 7th Avenue Vancouver, BC V6H 1C1 Each Office Independently Owned and Operated.

Real Estate Market Report | July 2022

ATTENTION POSTMASTER: Time Sensitive Materials

Douglas Park

Karen Carter

Personal Real Estate Corporation

604.837.7325

www.LivingDouglasPark.com

Karen@LivingDouglasPark.com www.LivingDouglasPark.com

Published by REAL Marketing (RM) | www.REALMarketing4You.com | 604.841.1739 | ©2022

DOUGLAS PARK FEATURED LISTING Call for a Private Tour 660 W 21st Avenue Located just half a block from Douglas Park and steps to Cambie Street shops, cafes, and the Skytrain.

This home has an incredible rooftop deck and a yard that is perfect for entertaining or relaxing in the evening. This 28 year old home is 2,575 square feet, making it a perfect family home with three bedrooms on the same floor, a one bedroom rental suite, and a two-car garage.

Offered at

$3,480,000

Presented by Karen Carter Your Douglas Park Real Estate Specialist

Scan to learn more about this fabulous property!

Dear Leonardo and Angelica, If you would like your home professionally marketed and featured in my publications, which are mailed to hundreds of potential buyers every month, call me at 604.837.7325.

FOR YOUR APPROVAL By signing this approval, you are agreeing to the document as it stands.

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IT IS YOUR RESPONSILIBITY TO CAREFULLY PROOF THIS JOB. Your job will not be sent to the printer if a signed copy is not returned.

Signature: _____________________________

Prepared Especially for Leonardo and Angelica Washington

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AG E N T C A R T E R

Thinking Vancouver Real Estate? Think Agent Carter!

Karen Carter 604.837.7325

Karen@LivingDouglasPark.com www.LivingDouglasPark.com

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What a

READJUSTING MARKET Means for You

Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.

This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term.

Douglas Park Single Family Homes Currently Listed Status

Beds

Total Baths

Finished Sq. Ft.*

Approx. List Price**

List Date

Year Built

Active

3

2

2,000

$2,750,000

06/08/22

1914

Active

3

3

2,600

$2,800,000

06/07/22

1914

Active

4

4

2,500

$2,950,000

06/14/22

1985

Douglas Park Townhomes & Condos Currently Listed Status

Type

Beds

Total Baths

Finished Sq. Ft.*

Approx. List Price**

List Date

Year Built

Active

Condo

2

2

800

$730,000

05/31/22

1985

Active

Condo

2

1

900

$800,000

06/20/22

1997

Active

Condo

2

2

900

$1,300,000

05/03/22

2020

Active

Condo

2

2

1,000

$1,400,000

06/20/22

2020

Active

Condo

3

2

1,200

$1,800,000

06/21/22

2019

Active

Condo

2

2

1,200

$1,900,000

03/01/22

2019

Active

Condo

2

2

1,300

$2,140,000

04/15/22

2020

Douglas Park Single Family Homes Recently Sold

HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.

THE EXPERTS SAY IT BEST “This has been expected and forecast for some time — A slowdown to more normal levels of sales and a flattening out of prices.”

—CREA Chief Economist

Leonardo and Angelica, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 604.837.7325.

Let’s discuss your options!

Douglas Park | Market Report

CREST REALTY

Personal Real Estate Corporation

THE MARKET ISN’T CRASHING IT’S A TURNING POINT THAT’S MOVING BACK TOWARD MORE PRE-PANDEMIC LEVELS.

Status

Street Name

Beds

Total Baths

Finished Sq. Ft.*

Sold Date

Year Built

SP/LP

Sold Sold

DOM

Ash Street

8

4

3,700

06/17/22

1908

90%

3

W 19th Avenue

4

3

2,600

05/17/22

1911

99%

15

Sold

W 23rd Avenue

4

4

2,800

05/02/22

1912

100%

13

Sold

W 19th Avenue

5

4

3,300

04/11/22

2020

111%

7

Sold

W 21st Avenue

5

2

2,300

04/07/22

1912

99%

8

Sold

W 19th Avenue

4

2

1,900

04/07/22

1955

100%

8

Sold

W 18th Avenue

4

4

2,200

02/27/22

2014

100%

13

Sold

Laurel Street

5

3

2,300

02/25/22

1928

107%

11

Sold

W 24th Avenue

3

4

2,000

02/13/22

2004

104%

13

Douglas Park Townhomes & Condos Recently Sold Status

Street Name

Type

Beds

Total Baths

Finished Sq. Ft.*

Sold Date

Year Built

SP/LP

DOM

Sold

W 22nd Avenue

Condo

1

2

1,000

06/06/22

1998

100%

25

Sold

Heather Street

Condo

2

2

800

05/30/22

1998

97%

21

Sold

Tupper Street

Condo

1

2

1,000

05/25/22

2006

95%

7

Sold

Tupper Street

Condo

1

1

600

05/15/22

2006

99%

5

Sold

W 17th Avenue

Condo

2

2

1,300

05/13/22

2020

100%

4

Sold

Oak Street

Condo

2

1

800

05/11/22

1967

101%

9

Sold

W 17th Avenue

Condo

2

2

1,300

05/06/22

2020

97%

36

Sold

Tupper Street

Condo

2

2

900

05/04/22

2006

101%

2

Sold

W King Edward Avenue

Condo

2

2

800

04/28/22

2019

98%

7

Sold

W 17th Avenue

Condo

2

2

1,300

04/15/22

2020

98%

15

Sold

W 22nd Avenue

Condo

1

1

600

03/25/22

2004

100%

1

Due to REBGV regulations, full disclosure of all listings and sold data is only available upon request. *Rounded to the nearest hundred. **Rounded up to the nearest ten thousand.

Karen Carter and RE/MAX Crest Realty are not in any way affiliated with Douglas Park Owners Association, nor is this in any way an official advertisement or publication of Douglas Park. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Real Estate Board of Greater Vancouver (REBGV) as of 06/27/22. Listings and sales may not be those of RE/MAX Crest Realty. The REBGV does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Each office independently owned and operated.