One of the best asking prices per square foot in the building is unit 4308, a southeast-facing corner suite with additional views to the west.
One Burrard is a brand-new highrise in the heart of the city!
In every detail, IBI Group Architects have infused their modern taste into true luxury living.
A stunning spacious 2 bedroom, 3 bathroom with a flex area offers incredible views of the False Creek inlet and English Bay!
The sundeck on 4308 is large enough to host a sizable round table instead of a narrow balcony like some other One Burrard suites.
Another deck faces east with views of the Metrotown skyline and the downtown landscape in the background, as well as the North Shore Mountains and Mount Baker in the background.
With lots of windows, the great room brings an abundance of natural light into the kitchen, living room, and dining room, which are also connected to the sundecks.
With high-end Gaggenau appliances, the kitchen features an island and sleek cabinets!
Light-colored engineered floors with wide planks.
A dual-sink bathroom and oversized shower are featured in the ensuite.
A/C.
A “Cool” cylinder sink makes this a great powder room! Smart Tablet controls.
Move-in ready and brand new!
Please check the 4308 1289 Hornby FLOORPLAN
CLUB ONE amenities include a swimming pool, fitness center, sauna, steam room, hot tub, yoga room, party room, and much more.
Ideally located near transit, shops, and the Seawall!
For more information on Geoff Jarman and his services click here
To view all Geoff Jarman’s Listings CLICK HERE
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Home sellers were more active in Metro Vancouver’s* housing market in September 2022 while home buyer demand remained below the region’s long-term averages.
Source: REBGV
Source: REBGV
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022.
Last month’s sales were 35.7 per cent below the 10-year September sales average.
“With the Bank of Canada and other central banks around the globe hiking rates in an effort to stamp out inflation, the cost to borrow funds has risen substantially over a short period. This has resulted in a more challenging environment for borrowers looking to purchase a home, and home sales across the region have dropped accordingly.”
– Andrew Lis, REBGV director, economics and data analytics
There were 4,229 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2022. This represents an 18.2 per cent decrease compared to the 5,171 homes listed in September 2021 and a 27.1 per cent increase compared to August 2022 when 3,328 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,971, an eight per cent increase compared to September 2021 (9,236) and a 3.2 per cent increase compared to August 2022 (9,662).
“With fewer homes selling and new listings continuing to come to market, inventory is beginning to accumulate, providing buyers with more selection compared to last year. With more supply and less demand within this market cycle, residential home prices have edged down in the region over the last six months,””
– Lis said.
For all property types, the sales-to-active listings ratio for September 2022 is 16.9 per cent. By property type, the ratio is 12.4 per cent for detached homes, 18.4 per cent for townhomes, and 20.9 per cent for apartments.
Source: REBGV
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,155,300. This represents a 3.9 per cent increase over September 2021 and a 2.1 per cent decrease compared to August 2022.
Sales of detached homes in September 2022 reached 525, a 44.7 per cent decrease from the 950 detached sales recorded in September 2021. The benchmark price for a detached home is $1,906,400. This represents a 3.8 per cent increase from September 2021 and a 2.4 per cent decrease compared to August 2022.
Sales of apartment homes reached 888 in September 2022, a 45.2 per cent decrease compared to the 1,621 sales in September 2021. The benchmark price of an apartment home is $728,500. This represents a 6.2% per cent increase from September 2021 and a 1.6 per cent decrease compared to August 2022.
Attached home sales in September 2022 totalled 274, a 52.6 per cent decrease compared to the 578 sales in September 2021. The benchmark price of an attached home is $1,048,900. This represents a 9.1 per cent increase from September 2021 and a 1.9 per cent decrease compared to August 2022.
* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Vancouver BC – October 4, 2022
Have a look at the REBGV September 2022 Market Update Insights!
- DOWNLOAD the REBGV September 2022 Market Update CLICK HERE
- See the Monthly Market Stats CLICK HERE
- For more market information from the Real Estate Board of Greater Vancouver CLICK HERE
- To view Geoff Jarman’s Listings CLICK HERE
