Tim & Sharon Rohwer and Carrie Galbraith

Balanced Market in the Lower Mainland

Balanced conditions continue in the Greater Vancouver housing market

Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months.

The Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver reached 2,661 on the Multiple Listing Service® (MLS®) in October 2013. This is a 37.8 per cent increase compared to the 1,931 sales recorded in October 2012, and a 7.2 per cent increase from the 2,483 sales recorded in September 2013.

New listings for attached, detached and apartment properties in Greater Vancouver totaled 4,315 in October 2013. This represents a 0.2 per cent decline from the 4,323 new listings reported in October 2012, and a decrease of 14.2 per cent compared to the 5,030 new listings reported in September of this year.

Last month’s sales were 2.8 per cent above the 10-year sales average for the month, while new listings for the month were 1.9 per cent below the 10-year average.

“We continue to see fairly typical activity when it comes to monthly home sale and listing totals,” Sandra Wyant, REBGV president said. “Today’s activity is helping to keep us in balanced market territory, which means that prices tend to experience minimal fluctuation.”

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 15,257, a decline of 12.2 per cent compared to this time last year, and a decline of 5.3 per cent compared to September 2013.

The sales-to-active-listings ratio is currently at 17.4 per cent in Greater Vancouver.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is $600,700. This represents a 0.5 per cent decline compared to this time last year.

Sales of detached properties reached 1,067 in October 2013, an increase of 35.1 per cent from the 790 detached sales recorded in October 2012 and a 9.5 per cent increase from the 974 units sold in October 2011. The benchmark price for detached properties decreased 0.5 per cent from October 2012 to $922,600.

Sales of apartment properties reached 1,098 in October 2013, an increase of 36.7 per cent compared to the 803 apartment sales recorded in October 2012, and an increase of 14.6 per cent compared to the 958 sales in October 2011. The benchmark price of an apartment property decreased 0.9 per cent from October 2012 to $365,600.

Attached property sales totaled 496, an increase of 46.7 per cent compared to the 338 attached property sales recorded in 2012 and a 29.8 per cent increase compared to the 382 attached property sales recorded in October 2011. The benchmark price of an attached property is $458,000, which is virtually unchanged from October 2012. 
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Recently Sold Listing 5080 7b Avenue, Delta, BC


R2237789 - 5080 7b Avenue, Delta, BC, CANADAI have just recently sold this listing at 5080 7b Avenue, Delta.

New Listing 5080 7b Avenue, Delta, BC


R2237789 - 5080 7b Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 5080 7b Avenue, Delta and currently listed at $998,000.SOLD

3 Level side split in great neighbourhood. One block from Dennison Park and high school. This 4 bedroom, 3 bathroom home sits on a 7665 sf south facing lot. It features a family room, double carport, popular layout with main floor living, bedrooms up and a family room off the kitchen and it awaits your updating ideas!

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New Listing 4962 River Reach Road, Delta, BC


R2234504 - 4962 River Reach Road, Delta, BC, CANADAView my new listing for sale at 4962 River Reach Road, Delta and currently listed at $549,800.

PRIVATE, PEACEFUL AND PERFECT for your family. Check out this two level duplex style townhouse in a desirable family oriented complex. The exciting new modern kitchen features stainless steel appliances, quartz counters and oodles of cupboards, renovated bathrooms up and down, new windows, large laundry room and huge private outdoor patio. Stroll to Historical Ladner shops restaurants and amenities. The 10 out of 10 Location is only steps away from the riverfront and public dock.

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Recently Sold Listing 105 - 4955 River Road, Delta, BC


R2224111 - 105 - 4955 River Road, Delta, BC, CANADAI have just recently sold this listing at 105 - 4955 River Road, Delta.

New Listing 5084 57 Street, Delta, BC


R2233345 - 5084 57 Street, Delta, BC, CANADAView my new listing for sale at 5084 57 Street, Delta and currently listed at $1,178,000.

Invest in Ladner. Nicely updated 3 level 1900 sf of backsplit home on 0.22 acre, 66' by 143' lot. the home features 3 bedrooms, 2 baths, family room, newer roof, windows and kitchen, lovely covered outdoor entertainment area, drive through garage with workshop/storage. Watch your investment grow, this neighbourhood is being considered for future development.

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New Listing 295 54a Street, Delta, BC


R2230031 - 295 54a Street, Delta, BC, CANADAView my new listing for sale at 295 54a Street, Delta and currently listed at $1,449,000.

Prestigious Tsawwassen Pebble Hill area 4 bedroom 3 bath home on huge level 10,807 sq. ft. western exposure garden lot. This spacious family home features large living roomm (with partial views), formal dining room, kitchen with eating area access to south exposed deck for BBQs, hardwood floors, newer windows, games, family room, double garage and workshop. Prime location only steps to popular Diefenbaker Park. Invest now and build your dream home in the future.

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New Listing 201 - 5500 13a Avenue, Delta, BC


R2226346 - 201 - 5500 13a Avenue, Delta, BC, CANADAView my new listing for sale at 201 - 5500 13a Avenue, Delta and currently listed at $605,000.

FABULOUS CARL JENSON built complex in a prime location just minutes from Tsawwassen Mall, Thrifty foods, shopping, library and public transit. This spacious 1320sf 2 bedroom 2 bath bright and sunny corner suite in "The Shaughnessy" features radiant hot water heat, a large deck overlooking Highland Park, new carpet, h/wd laminate flooring, large rooms, cozy gas f/p and more... Strata fees includes gas, hot water, heat, etc. Well maintained complex has newer roof, vinyl windows, repiping, new paint and carpet in hallways. Nothing to do... just move in and enjoy.

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New Listing 12951 Rice Mill Road, Richmond, BC


R2224884 - 12951 Rice Mill Road, Richmond, BC, CANADAView my new listing for sale at 12951 Rice Mill Road, Richmond and currently listed at $8,500,000.

Excellent opportunity to own this huge acreage of 12.16 acres in Richmond. Currently farmed with corn and orchards. The property features spacious 7 bedroom family home, workshop and numerous outbuildings. Invest now to hold property and plan to build your dream mansion in the future. Located just minutes from shopping and all amenities.

New Listing 105 - 4955 River Road, Delta, BC


R2224111 - 105 - 4955 River Road, Delta, BC, CANADAView my new listing for sale SOLD at 105 - 4955 River Road, Delta and currently listed at $638,000.SOLD

Don't miss out on this spacious 1438 sf ground floor condo on the river located in SHOREWALK COMPLEX in the heart of Historical Ladner Village. This bright and sunny corner move-in ready condo features 2 large bedrooms, den or office, 2 full baths, spacious eat-in kitchen with pantry, cozy gas fireplace and private southwest facing patio. Perfect for leaving the car at home, walking pets on the trail or just strolling to local restaurants and amenities. LEISURE LIVING STARTS HERE!

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New Listing 4962 River Reach Road, Delta, BC


R2215055 - 4962 River Reach Road, Delta, BC, CANADAView my new listing for sale at 4962 River Reach Road, Delta and currently listed at $587,000.

PRIVATE, PEACEFUL AND PERFECT for your family. Check out this 2 Level duplex style townhouse in a desirable family oriented complex. The exciting new modern kitchen features stainless steel apliances, quartz counters and oddles of cupboards, renovated bathrooms up and down, new windows, large laundry room and huge private outdoor patio. Stroll to historical Ladner shops, restaurants and amenities. The 10 out of 10 location is only steps away from the riverfront and public dock.

See the Pixilink 360° Virtual Tour for this listing