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Gryphon Court MLS® Listings
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Building Info
Gryphon Court at 1562 West 5th Avenue, Vancouver, BC V6J 5H4 - LMS1979. Located in the False Creek area of Vancouver West, near the intersection of West 5th Avenue and Fir Street. Gryphon Court is a low-rise building that offers 22 units over 4 levels and was built in 1995. Some of the features offered by this building include a bike room, fireplaces, parking, in-suite laundry, elevator access and a garden area.
Gryphon Court is in a prime location just around the corner from Granville Street and West Broadway. A short walk to coffee shops, restaurants, shopping and entertainment. Just a few blocks from Granville Island, West 4th Avenue, and quick access to downtown Vancouver via the Granville Street bridge. Also a short walk to Granville Loop Park, Sutcliffe Park and the Seaside Bike Route. Nearby schools include Century High School, Lord Tennyson Elementary, Canadian Tourism College, and Emily Carr Univsersity of Art & Design. Easy access to public transit, 5 minute drive to the Vancouver General Hospital, and a 15 minute drive to the University of British Columbia.
For all property types, the sales-to-active listings ratio for January 2021 is 28.8 per cent. By property type, the ratio is 26.3 per cent for detached homes, 37.6 per cent for townhomes, and 27.8 per cent for apartments.
December 2020 Market Insights
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
Real Estate Related News Articles(Sun and Province)Search News
Real estate market is extremely hot starting the Q1 2021
“The market is quite unbelievable right now, and what I find truly interesting is that it’s not just the Greater Toronto and Greater Vancouver markets – it’s pretty much across the entire country,” he said.
Bank of Canada Governor “Worrying”sign in Canada’s hot housing market to increase level of debt
“The housing market is one part of the economy,” he said. “As a society, we have never been so sensitive to the risk of higher interest rates…. Every small increase in the interest rate can have a significant impact on the housing market and therefore, (Macklem) would like to see the market slow down before we have to raise interest rates.”
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