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Refreshing Apartment Design Overlooking Sarah Roosevelt Park in New York, USA

Buro Koray Duman Architects completed the renovation of a 750 square foot apartment with a bold and sculptural character, The architects converted the initial three-bedroom dark space from the 1980 into a one-bedroom home with plenty of light and a flexible layout. Located on the corner of the 5th floor of a tenement building overlooking Sarah Roosevelt Park in New York, USA, the apartment offers extensive city views. Its interior is divided by a sculptural wave-like wall that houses the laundry, storage and the powder room.

Most of the walls are exposed brick that has been white-washed. The team preserved bits of history in the apartment such as the leaving traces of vintage wallpaper in the kitchen area and the original brick walls. The tiles in the powder room are bas-relief honey combs and the master bath is an all plate glass enclosure. An inspiring color palette and a good natural light flow make this place harmonious and refreshing. The furniture items are original and highly functional, their design perfectly complementing the industrial style brick walls. Enjoy the photos and let us know what you think! [Photo credits: Peter Murdock​]
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Massive Staircase Design Incorporating a Floor-to-Ceiling Bookcase

Staircase specialists Bisca were approached by a client who was renovating a rambling stone-built farmhouse deep in the heart of the Yorkshire Dales, Northern England. Integral to this conversion was the replacement of the staircase and the opening up of the ground floor. This area originally featured a timber structure that sat awkwardly in its space, with very low head heights and in a style that was too opulent for its surroundings. Replacing this staircase would prove to be key to modernizing the interior since a new design would allow much more light into ground level with its single small window.

To link the ground to first and first to second floors, an industrial-looking staircase was requested which needed to incorporate a floor-to-ceiling bookcase. Natural materials were chosen for the design, such as pale English Oak for the treads and risers, forge-formed steel for the balustrade uprights and hand-stitched leather for the handrails. Flowing continuously from ground to second floor, the balustrades curve subtly whilst the newel has bright highlights in the burnished finish that give the illusion of having been created by generations of hands passing up the staircase. [Photos and information provided via e-mail by Bisca]

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Wood and Metal Home Skin Embracing Cozy Family Nest  

Presenting a challenging modern shape inspired by traditional architecture in the area, this modern wood and metal home in North Oakland, California, serves both as a cozy family nest and inspiration for the surrounding neighborhood. By reinterpreting the traditional pitched roof and hung windows, architects of Baran Studio embedded the contemporary structure in the neighborhood aesthetics.

Clad in wood and metal, the home showcases how tradition can be updated by employing creativity and an eye for sleek design.

 

The single family home built on an empty lot could have taken any other traditional shape. Choosing to adhere to an uplifting hope for customized design, clients and architects kept the link to the residential district’s design yet empower this particular home with forward-thinking design. An abstract wave of metal wraps around the home, shaping the roof and visually clashing into the main entrance, as if dynamically signalizing the entrance to a welcoming home. Reminiscent of industrial areas nearby, this dark metal sheet protects the warm horizontal wood cladding and makes the sleek windows stand out. Inside, social and private spaces are bright, simple and welcoming – perfect family atmosphere.

Beautiful and proposing a dynamic design, this wood and metal home makes a statement not only in its surroundings, but also in our vision for the residential future.

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3D Printed Bulb Shades Depicting Upside-Down Skyscrapers: The Stalaclights Collection

Do you guys remember our post on FLAMMABLE, the iconic wax skyscraper sculptures by artist Jing Jing Naihan Li? The Stalaclights collection by designer David Graas, also depicts skyscrapers, but the concept behind the project is a bit different. The 3D printed buildings in the photo gallery below are attached to a LED lighting bulb and seem to develop from it: “since LED light hardly emits any heat, it is now possible to connect a light shade to the bulb itself“, explained the designers.

The intricate design of the shades is said to pay tribute to the Art Deco era, a time when the first skyscrapers appeared in big cities like New York and Chicago: “If you would imagine these cities turned upside down it would look just like stalactites growing from the ceiling of a limestone cave. Steadily growing in time with every drop of ground water seeping through the cave’s roof. Steadily growing in time with every drop of ground water seeping through the cave’s roof.” The unconventional 3D scrapers are available for purchase online at about $210 per model. What are your thoughts on these highly urban lighting designs?
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Tribute to Style and Environmental Responsibility: Vina’s Tiny House in California

With a desire to live lightly and simply, Vina Lustado set out to design and build a tiny house for herself. Vina completed a 140 square foot off-the-grid house that has set a standard for style and environmental responsibility. By enlisting local artists and craftsmen, Vina’s Tiny House embraces the community spirit in Ojai, California. Vina’s greatest hope is to create a tiny house community which addresses affordable housing and environmental impact.

The Tiny House is a personal project: building my own house. It reflects my philosophy about simplicity, sustainability, and living within my means“, explained the architect. The lovely small house comes with 140 square feet of living space (based on 8′ x 20′ trailer) and is wholly self-sufficient. It is equipped with luxuries such as a gas fireplace and operable skylights.

The interior is bathed in natural light and feels spacious and serene. There is plenty of storage and multi-purpose furniture for functionality and livability. Have a look at the video below to meet the designer and find out more about the creative solutions shaping this project! [Cinematography by Chibi Moku]

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THE ‘VALUE QUOTIENT’ AND WHY YOU NEED TO KNOW THIS WHEN SELLING YOUR HOME.

When selling a house, and it may go without saying, price rules.

However, that’s not to say the lowest price always offers the best value, all things being equal.
What matters to buyers, is “bang for the buck”, or value quotient.

Take for example 2 townhouses down the street for each other. One is listed at $349,900, and the other $374,900. They were constructed by the same builder, are the same model and the same age.
At face value, the lower priced home seems more attractive. However, having viewed both, perhaps the majority of buyers favour the more expensive home based on upgrades, condition, location on the street, landscaping, and so on.
As such, buyers will compare “how much house” they are getting at each price point. They will calculate how much they will need to spend on the less expensive unit to bring it up to the standards of the more expensive unit (saving location as that cannot be changed obviously).
When it comes to home pricing, there are many contributing factors. Buyer’s, especially in a soft market, need to be convinced they are getting value for their hard earned dollar. The value quotient has to make sense!

Via: http://jeffusher.ca/value-quotient/

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WHAT IS AN MLS® MERE POSTING?

A Mere Posting is defined as:
A listing on a Member Board’s MLS system in respect of which the Member has chosen or agreed not to provide services to the Seller other than submitting the listing for posting on a Member Board’s MLS® System. (Competition Tribunal Consent Agreement, October 25, 2010).
On other words, it allows a home seller to have their listing advertised on the MLS® without the necessity of having the real estate brokerage that posted the listing, represent the sellers interests with respect to the sale of their home.
A home seller who chooses to take advantage of a Mere Posting is looking for added exposure for their listing, yet is comfortable dealing with buyers and Realtors® on their own, without the representation of their own Realtor®.
Generally speaking, when a home seller uses a Mere Posting to gain access to the MLS® system in their area, they offer a “selling commission” to Realtor® with buyers, and this commission is typically 2.5% of the sale price, but, can be any percentage or flat fee that the seller is prepared to offer.
When it comes to a Mere Posting, a seller typically engages the services of their lawyer when it comes time to review an offer, something which would have been done by their Realtor® had they opted for full representation vs. the more basic Mere Posting.
Mere Postings are a popular, consumer friendly option for those who are comfortable taking on the sale of their home themselves, yet still see the benefit of exposing their home on their local MLS® system.
Jeff Usher is Broker of Record with Ottawa based The Usher Group Inc., Brokerage.

via: http://jeffusher.ca/mls-mere-posting/

http://jeffusher.ca/

 

 

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Home sales edge higher in October

Source: http://creastats.crea.ca/natl/index.htm | Nov. 17 2014 – Canadian Real Estate Association

Ottawa, ON, November 17, 2014 – According to statistics[1] released today by The Canadian Real Estate Association (CREA), national home sales activity edged higher on a month-over-month basis in October 2014.

Highlights:

  • National home sales rose 0.7% from September to October.
  • Actual (not seasonally adjusted) activity stood 7% above October 2013 levels.
  • The number of newly listed homes rose 0.8% from September to October.
  • The Canadian housing market remains balanced.
  • The MLS® Home Price Index (HPI) rose 5.5% year-over-year in October.
  • The national average sale price rose 7.1% on a year-over-year basis in October.

The number of home sales processed through the MLS® Systems of Canadian real estate
Boards and Associations edged up 0.7 per cent in October 2014 compared to September.
This marks the sixth consecutive month of stronger resale housing activity compared to a quiet start to the year, and the strongest activity for the month of October since 2009. (Chart A)

“Low interest rates continued to support sales in some of Canada’s more active and expensive urban housing markets and factored into the monthly increase for national sales,” said CREA President Beth Crosbie. “Even so, sales did not increase in many local markets in Canada, which shows that national and local housing market trends can be very different. All real estate is local and your REALTOR® is your best source for information about how the housing market is shaping up where you currently live or might like to in the future.”

“While the strength of national sales activity is far from being a Canada-wide phenomenon, it extends beyond Vancouver, Calgary and Toronto,” said Gregory Klump, CREA’s Chief Economist. “Sales in a number of B.C. markets have started to recover from weaker demand over the past couple of years. They have also been improving across much of Alberta, where interprovincial migration and international immigration are reaching new heights.”

Actual (not seasonally adjusted) activity in October stood seven per cent above levels reported in the same month last year. October sales were up from year-ago levels in about 70 per cent of all local markets, led by Greater Vancouver and the Fraser Valley, Victoria, Calgary, and Greater Toronto. Combined sales in these five markets account for almost 40 per cent of national sales activity, and nearly 60 per cent of the year-over-year increase in national sales this month.

Actual (not seasonally adjusted) sales activity for the year-to-date in October was 5.2 per cent above levels in the first 10 months of 2013 and slightly above (+2.5 per cent) the 10-year average for the same period.

The number of newly listed homes rose 0.8 per cent in October compared to September. While new supply was down in just over half of all local markets, outsized gains in Greater Vancouver, Calgary, Edmonton, and Greater Toronto boosted the national figure.

The national sales-to-new listings ratio was 55.7 per cent in October. With sales and new listings having once again moved in tandem, the sales-to-new listings ratio held steady for the third consecutive month.

A sales-to-new listings ratio between 40 and 60 per cent is usually consistent with a balanced housing market, with readings above and below this range indicating sellers’ and buyers’ markets respectively. The ratio was within this range in just over half of all local markets in October. About 70 per cent of the remaining markets posted ratios above this range, almost all of which are located in British Columbia, Alberta and Southern Ontario.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.

There were 5.8 months of inventory nationally at the end of October 2014. It has held to a narrow range between 5.8 and 6.0 months since May of this year. As with the sales-to-new listings ratio, the number of months of inventory remains well within balanced market territory while pointing to a national market that has become tighter since the beginning of the year, when sales got off to a slow start.

The Aggregate Composite MLS® HPI rose by 5.51 per cent on a year-over-year basis in October. Price gains have held steady between five and five-and-a-half per cent since the beginning of the year.

Year-over-year price growth accelerated for two-storey single family homes, townhouse/row units, and apartment units in October. By contrast, price momentum slowed further for
one-storey single family homes.

Two-storey single family homes continue to post the biggest year-over-year price gains (+6.94 per cent), followed closely by townhouse/row units (+5.83 per cent) and one-storey single family homes (+4.75 per cent). Price growth for apartment units remains comparatively more modest (+3.51 per cent).

Price growth varied among housing markets tracked by the index. As in recent months, Calgary (+9.47 per cent), Greater Toronto (+8.30 per cent), and Greater Vancouver (+6.03 per cent) continued to post the biggest gains.

Prices were up between one and 2.5 per cent on a year-over-year basis in the Fraser Valley, Victoria, and Vancouver Island, flat in Saskatoon, Ottawa, Greater Montreal, and Greater Moncton, and down 3.4 per cent in Regina.

The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in October 2014 was $419,699, up 7.1 per cent from the same month last year.

The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s most active and expensive housing markets. Excluding these two markets from the calculation, the average price is a relatively more modest $330,596 and the year-over-year increase shrinks to 5.4 per cent.

1 All figures in this release except average price are seasonally adjusted. Removing normal seasonal variations enables meaningful analysis of monthly changes and fundamental trends.

 


PLEASE NOTE:

The information contained in this news release combines both major market and national MLS® sales information from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighborhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 111,000 REALTORS® working through some 90 real estate Boards and Associations.

 

The information contained in this report has been prepared by The Canadian Real Estate Association drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, The Canadian Real Estate Association does not assume any responsibility or liability.
Copyright © 2014 The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

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