Tim & Sharon Rohwer and Carrie Galbraith

Blog › January 2013

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. 
Download the complete stats package by clicking here. 

Recently Sold Listing # 207 4955 RIVER RD, Ladner, British Columbia


V960382 - # 207 4955 RIVER RD, Ladner, British Columbia, CANADAI have just recently sold this listing at # 207 4955 RIVER RD, Ladner.

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Recently Sold Listing 5881 CRESCENT DR, Ladner, British Columbia


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Recently Sold Listing 6480 COLTSFOOT DR, Richmond, British Columbia


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Recently Sold Listing 5142 COOPER PL, Ladner, British Columbia


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Recently Sold Listing 5142 COOPER PL, Ladner, British Columbia


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Recently Sold Listing # 206 4743 W RIVER RD, Ladner, British Columbia


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Recently Sold Listing 4420 47A ST, Ladner, British Columbia


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New Listing 5687 9a Ave, Tsawwassen, British Columbia


V985313 - 5687 9a Ave, Tsawwassen, British Columbia, CANADAView my new listing for sale SOLD at 5687 9a Ave, Tsawwassen and currently listed at $799,800.SOLD

Prestigious "Eagles Nest" area! Ultra Quiet neighborhood! This meticulous ONE owner 4 bedroom, 3 bath family home has been custom updated and renovated - high end kitchen features maple cabinets, Granite counters/ eating bar, Bosch appliances, bamboo floors, new bathrooms with heated tile floors, dramatic floor to ceiling fireplace, new windows, french doors, recreation room with wet bar for entertaining, den, metal roof, inground sprinklers, wrap around deck and a perfectly private newer "Jacuzzi" Hot tub surrounded by levels of wooden decking. The 8084 sq ft landscaped lot invites year round activities. Don't delay on this beautiful home - nothing to do but "MOVE IN".

See the Pixilink 360° Virtual Tour for this listing