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Somerset MLS® Listings
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Building Info
Somerset 1140 Pendrell Street, Vancouver, BC V6E 1L4, VAS324 Nestled in a quiet tree lined street between Bute Street and Thurlow Street in the heart of West End Vancouver. This convenient location is close to great shops and restaurants on Davie Street, Shoppers Drug Mart, Stanley Park, Nelson Park, St. Pauls Hospital, Sunset Beach, English Bay, Yaletown-Roundhouse, churches, hotels, schools and public transportation. Also just a few blocks away, youll find world class shops at Robson Street, Pacific Center Mall and Holt Renfrew. Save on gas since everything you need is within walking distance! Somerset is a four storey low-rise building with 43 units built in 1977. This well maintained and well managed building has been upgraded with new plumbing and new roof for your peace of mind. It features great facilities like an elevator, common garden area, workshop room, guest suite, bike room, shared laundry facilities, large storage locker and parking. The units are sure to impress with its excellent floor plan and large windows that let in tons of natural light. Enjoy your morning coffee and year round barbecues from your spacious private balcony. Somerset is a great building in a great neighborhood. Dont miss out on this gem!
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Q1 net income increase compare to previous quarter
The bank’s capital position remained “robust”, with a CET1 ratio of 12.5% “supporting strong volume growth and $1.5 billion in common share dividends paid.” RBC also boasted of a strong average Liquidity Coverage Ratio (LCR) of 141%.
According to CREA, as the spring market approaches, the current pace of home sales growth might be inhibited by an evident lack of supply, particularly in Ontario markets, to meet growing home buyer demand.
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