Dan Pigott : Royal LePage Sussex Pigott Properties : Archived blog posts for : January 2022

Testimonial

Posted on January 27, 2022 by Dan Pigott

"Now that I am coming out of the vortex and swirl of both the purchase and the move, I realize how very fortunate I was to have you representing me in this purchase.

The offer was done with great expertise and the purchase process was handled with such professionalism.

The expeditious preparation and signing of electronic documents. The conditions on the offer, and the handling of those conditions protected me and gave me the breathing space to go through the purchase process step by step. With the condo/building inspection you managed to get roof access. Recently I received an email from the board, that I did not need to pay the special levy for condo paint/flooring as the previous owner had paid it. I thought, wow...David had that covered. When I was struggling to get condo insurance, David you made a few calls, and had that lined up for me.

At the “11th hour” when I needed to make the final decision on the purchase, you calmly gave me the space and support to do that.

Dan, thank-you for accepting me fully as a client on such short notice out of the blue. Thank-you as well for your support of David and for accommodating my last visit to the condo so my brother-in-law could review the space and get ready for painting the condo.

My friend, who when I asked her if she had a real estate agent in North Vancouver she would recommend, she told me Pigott Properties. Likewise, I now would also recommend David and Dan to my contacts.

My daughter, who had initially sent me the link to the listing, came to visit the new condo last weekend. Full circle."

H.V.

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Weekly Stats - Jan 22 - NV Condos

Posted on January 25, 2022 by Dan Pigott

Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the North Vancouver condo market.

The details:

Current inventory is 47% below last year, with 132 properties for sale compared to 248 during the same week in 2020. Current listings are 21% higher than last week.
Sales weakened this week with 17 transactions out of 132 listings, compared to 22 transactions out of 109 listings last week. Last year we saw 30 sales out of 248 properties during the same period.
Of this week’s 17 sales, buyers averaged 100% of the asking price, with a median sale price of $745,000 and a median of 7 days-on-market. Of the properties sold, two sold for the asking price, seven sold over the asking price and eight sold under asking.
Our highest priced sale this week: a 2 bedroom, 2 bathroom, 1,315 sq.ft. condo on Hunter Street. List price $1,739,900. Sold for $1,739,900.
Our lowest priced sale this week: a 2 bedroom, 1 bathroom, 895 sq.ft. condo on West 20th Street. List price $465,000. Sold for $477,000.
Market absorption rate for North Vancouver condo listings: At the current sales rate, if there were no new listings added, it would take 0.9 months for inventory to be absorbed into the market.

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New property listed at 206 1327 KEITH RD E in North Vancouver

Posted on January 20, 2022 by Dan Pigott

I have listed a new property at 206 1327 KEITH RD E in North Vancouver.

See details here

Welcome to this lovely & bright west facing condo at the Carlton at the Club—a perfect place to downsize with plenty of amenities right at your door. Enjoy the peace & quiet of a concrete building & a community feel like no other. The large primary bdrm hosts huge floor to ceiling windows & walkthrough closet to an ensuite. The 2nd bedroom, also with great light, could easily be used as an art room, an office or guest room. Incredible amenities include: swimming pool, rec centre, spa, billiards, entertainment facilities, guest suite & onsite caretaker! Handicapped accessible. (+50 age restriction). Steps to Park & Tilford’s restaurants & services. 1 parking & 1 storage included! Don’t miss this 1 of a kind home!

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Weekly Stats - Jan 17 - NVD

Posted on January 17, 2022 by Dan Pigott

Each week we post the latest stats for one of our specialty areas. This week, we're focusing on the North Vancouver Detached housing market.

Further details to our infographic are here:

Current inventory is 35% below last year, with 80 properties for sale compared to 123 during the same week in 2020. Current listings are 4% higher than last week.
Sales remained steady this week with 6 transactions out of 80 listings, compared to 6 transactions out of 77 listings last week. Last year we saw 9 sales out of 123 properties during the same period.
Of this week’s 6 sales, buyers averaged 98% of the asking price, with a median sale price of $2,171,500 and a median of 13 days-on-market. Of the properties sold, one sold for the asking price, two sold over the asking price and three sold under asking.
Our highest priced sale this week: a 6 bedroom, 5 bathroom, 3,313 sq.ft. house on Dempsey Road. List price $2,199,000. Sold for $2,350,000.
Our lowest priced sale this week: a 3,546 sq.ft. house (land value) on Cliffmont Road. List price $1,449,000. Sold for $1,450,000.
Market absorption rate for North Vancouver detached listings: At the current sales rate, if there were no new listings added, it would take 0.8 months for inventory to be absorbed into the market.

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