Ray (Reza) Kodabash

Team 3000 Realty Ltd.

Cell 604-916-7212

Office 778-297-3000

Email: ray@raykodabash.com

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New property listed in North Coquitlam, Coquitlam
I have listed a new property at 1025 1163 PINETREE WAY in Coquitlam.
Well established Currency Exchange & Precious Metal Buy & Sale business in the heart of downtown Coquitlam. Perfect location at a mall entrance and across from the Skytrain stn. Corner unit with great exposure both from inside and outside of the mall. Selling price includes all equipment, software and surveillance system. 400 sqft ground level unit nicely sat up with an extra private and secure office. Lease ends on June 30, 2021, but more extension is possible at the time of the expiry. Low rent: only $1955.10, GST inclusive. Showing STRICTLY by Appointment ONLY. Please DO NOT DISTURB THE SELLER. Call listing agent. NDA required.
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January 5, 2021

Metro Vancouver housing market shows resilience in 2020


Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018.


Last year’s sales total was 2.8 per cent below the 10-year sales average.


“When the pandemic began in March, the housing market came to a near standstill. We knew, however, that shelter needs don’t go away in times of crisis, they intensify," Colette Gerber, REBGV Chair said. “The real estate community worked closely with our regulatory bodies and public health officials in the spring to ensure appropriate precautions and protocols were implemented so BC REALTORS® could help residents safely meet their housing needs."


Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 54,305 in 2020. This is a 4.6 per cent increase compared to the 51,918 homes listed in 2019 and a 1.3 per cent increase compared to the 53,614 homes listed in 2018.


Last year’s listings total was 2.7 per cent below the region’s 10-year average.


“After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall and winter seasons," Gerber said. "Shifting housing needs and low interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021.”


The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,047,400. This is a 5.4 per cent increase compared to December 2019.


The benchmark price for apartments increased 2.6 per cent in the region last year. Townhomes increased 4.9 per cent and detached homes increased 10.2 per cent.


December Summary


REBGV reports that residential home sales in the region totalled 3,093 in December 2020, a 53.4 per cent increase from the 2,016 sales recorded in December 2019, and a 0.9 per cent increase from the 3,064 homes sold in November 2020.


Last month’s sales were 57.7 per cent above the 10-year December sales average and is the highest total for the month on record.


“Robust December sales outpaced long-term averages in what’s traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic,” Gerber says.


There were 2,409 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2020. This represents a 51.7 per cent increase compared to the 1,588 homes listed in December 2019 and a 40.8 per cent decrease compared to November 2020 when 4,068 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,538, a 0.8 per cent decrease compared to December 2019 (8,603) and a 23.2 per cent decrease compared to November 2020 (11,118).


For all property types, the sales-to-active listings ratio for December 2020 is 36.2 per cent. By property type, the ratio is 35.2 per cent for detached homes, 50.4 per cent for townhomes, and 33.1 per cent for apartments.


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.


Sales of detached homes in December 2020 reached 1,026, a 71.3 per cent increase from the 599 detached sales recorded in December 2019. The benchmark price for detached homes is $1,554,600. This represents a 10.2 per cent increase from December 2019 and a one per cent increase compared to November 2020.


Sales of apartment homes reached 1,474 in December 2020, a 40 per cent increase compared to the 1,053 sales in December 2019. The benchmark price of an apartment property is $676,500. This represents a 2.6 per cent increase from December 2019 and is unchanged from November 2020.


Attached home sales in December 2020 totalled 593, a 62.9 per cent increase compared to the 364 sales in December 2019. The benchmark price of an attached home is $813,900. This represents a 4.9 per cent increase from December 2019 and a 0.1 per cent decrease compared to November 2020.

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New property listed in
I have listed a new property at .
- Exclusive listing.- Well established Currency Exchange & Precious Metal buy & sale business in the heart of downtown Coquitlam. - Perfect location at a mall entrance and across from the Skytrain stn. - Corner unit with great exposure both from inside and outside of the mall. - Well established business with many repeated and new customers, with the potential to add more services. - Selling price includes all equipment, software, and surveillance system. - 400 sqft ground level unit nicely sat up with an extra private and secure office. - Lease ends on June 30, 2021, but more extension is possible at the time of the expiry. - Low rent: only $1955.10, GST inclusive. Showing STRICTLY by Appointment ONLY. Please DO NOT DISTURB THE SELLER. NDA required.
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New property listed in Cloverdale BC, Cloverdale
I have listed a new property at 102 17718 60 AVE in Surrey.
Best priced 2 bed 2 bath corner Townhouse in Cloverdale ! Welcome home to this Beautifully renovated home ! High end craftsmanship renovation includes new Kitchen cabinets and stainless steel appliances,laminate flooring and carpets, updated washroom, new paint,new doors , new blinds and much more! As good as brand new .Clover Park Gardens backing into a park like setting with front & back entry and private backyard . Beautifully kept community.Strata fees INCLUDE Gardening , Gas, Hotwater ,Radiant Hotwater Heating,Management etc .An easy stroll to shopping, library, parks, and also direct access to bus stop. Elementary school and high school also Golf Course ,Cloverdale Rec center, Curling area, Casino, Rodeo all nearby,the full package! Nothing to do but move in.Quick possession .Vacant and easy to show by appointments.
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New property listed in West Cambie, Richmond
I have listed a new property at 8600 ODLIN CRES in Richmond.
Brand new contemporary design home offers tons of natural light, high ceiling & open concept living. Main level features 2'x4'Italian tiles throughout, build -in appliances, feature walls, ample counter space & acrylic cabinetry. Legal suite incl. 2 bedrms/1 bath, kitchen w/laundry & separate entry. 2nd level: 4 ensuite bedrooms & Master bedroom w/walk-in closet & engineered hardwood floor throughout. Master bedrm includes fireplace, patio. Luxury bathrm incl. j-tub, double jet/steam shower & towel warmer. Auto gated, stamped concrete driveway. spacious yard, garden, BBQ area, 3 car garage, German made windows and entry doors. Main routes: Alderbridge, No. 3 Road, Garden City. 8 min to: Aberdeen sky train station, Aberdeen Centre, Landsdowne Mall, Superstore, Walmart, Kwantlen University.
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New property listed in Downtown VW, Vancouver West
I have listed a new property at 2608 1283 HOWE ST in Vancouver.
The Tate in downtown Vancouver. Great location with English bay water views. Luxury 2 bedrooms and 2 bathrooms with high-end Miele appliances. Private amenities including yoga studio, billiards, theatre and gym. premium laminate flooring and cabinets. Close to arts gallery, shopping centre, restaurants and skytrain.
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New property listed in Downtown VW, Vancouver West
I have listed a new property at 3903 667 HOWE ST in Vancouver.
Private Residences at Hotel Georgia Vancouver.Stunning rare N/E facing 3 bed & den corner suite with dramatic views to the Northshore Mountains & harbour. Very livable space with large kitchen with high-end Appliances, extra eating area & 4 bathrooms. Unsurpassed design features with the finest of materials & finishes include oversized Mahogany veneer entry door, detailed light fixtures, custom cabinetry, gorgeous kitchen & beautiful luxurious spa-like marble bathrooms. Home to those who expect the best, take pleasure in the 24 hour concierge, privileged hotel services & exquisite amenities such as the indoor saltwater pool, spa & superb gym. Luxurious central living in a legacy landmark with the finest shops, restaurants & arts at your door.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.