Tim & Sharon Rohwer and Carrie Galbraith

Blog › May 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. 
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New Listing 308 - 4803 48th Ave, Ladner, British Columbia


V1009479 - 308 - 4803 48th Ave, Ladner, British Columbia, CANADAView my new listing for sale SOLD at 308 - 4803 48th Ave, Ladner and currently listed at $479,900.SOLD

PSST!!! Take life easy while enjoying the tranquil ever changing river and mountain views from this spacious top floor custom updated (1200 + sq ft) 2 bedroom 2 bath plus den condo. Enjoy dinner on the sunny deck while enjoying passing boat s, birds and sunsets. Plan a quick getaway in your boat - yes comes with a 30' boat slip. Located steps to restaurants, shopping in quaint Ladner. A unique property in move in condition. Call us for a personal tour.

New Listing 70 Tsawwassen Beach Road, Tsawwassen, British Columbia


V1008823 - 70 Tsawwassen Beach Road, Tsawwassen, British Columbia, CANADAView my new listing for sale at 70 Tsawwassen Beach Road, Tsawwassen and currently listed at 2195000.

Enter to panoramic ocean views from private ocean bluff cul-de-sac. The skylit entry leads to your luxurious master suite with gorgeous ensuite, walk-in closet and private deck. A cozy den with fireplace adjoins. Descend to the open-plan entertainment level and a HUGE kitchen with Sub-Zero fridge, Dacor cooktop, wet bar and amazing storage! Enjoy 180 degree water views and gorgeous sunsets from surrounding decks. Below find 3 bedrooms, 2 bathrooms, family room, new energy-efficient boiler and deck with hot tub. There's more storage below. Convenient top-of-bluff living and a "Stanley Park" trail to the beach, makes this home unique. Nothing to do but enjoy as the house has been fully renovated -- and no lawns to mow!

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 103 - 12911 Railway Ave, Richmond, British Columbia


V989896 - 103 - 12911 Railway Ave, Richmond, British Columbia, CANADAI have just recently sold this listing at 103 - 12911 Railway Ave, Richmond.

Recently Sold Listing 6092 Patrick Street, Burnaby, British Columbia


V976854 - 6092 Patrick Street, Burnaby, British Columbia, CANADAI have just recently sold this listing at 6092 Patrick Street, Burnaby.

Recently Sold Listing 5687 9a Ave, Tsawwassen, British Columbia


V985313 - 5687 9a Ave, Tsawwassen, British Columbia, CANADAI have just recently sold this listing at 5687 9a Ave, Tsawwassen.

Recently Sold Listing 107 - 1153 54a Street, Tsawwassen, British Columbia


V987872 - 107 - 1153 54a Street, Tsawwassen, British Columbia, CANADAI have just recently sold this listing at 107 - 1153 54a Street, Tsawwassen.

Recently Sold Listing 1231 Pacific Drive, Tsawwassen, British Columbia


V971440 - 1231 Pacific Drive, Tsawwassen, British Columbia, CANADAI have just recently sold this listing at 1231 Pacific Drive, Tsawwassen.

Recently Sold Listing 4602 London Mews Other, Ladner, British Columbia


V988503 - 4602 London Mews Other, Ladner, British Columbia, CANADAI have just recently sold this listing at 4602 London Mews Other, Ladner.

Recently Sold Listing 4775 44a Ave, Ladner, British Columbia


V994632 - 4775 44a Ave, Ladner, British Columbia, CANADAI have just recently sold this listing at 4775 44a Ave, Ladner.

Recently Sold Listing 4303 48b Street, Ladner, British Columbia


V1003519 - 4303 48b Street, Ladner, British Columbia, CANADAI have just recently sold this listing at 4303 48b Street, Ladner.

Recently Sold Listing 3721 154a Street, Surrey, British Columbia


F1310890 - 3721 154a Street, Surrey, British Columbia, CANADAI have just recently sold this listing at 3721 154a Street, Surrey.

Recently Sold Listing 51 - 2450 161a Street, Surrey, British Columbia


F1304681 - 51 - 2450 161a Street, Surrey, British Columbia, CANADAI have just recently sold this listing at 51 - 2450 161a Street, Surrey.

New Listing 3721 154a Street, Surrey, British Columbia


F1310890 - 3721 154a Street, Surrey, British Columbia, CANADAView my new listing for sale SOLD at 3721 154a Street, Surrey and currently listed at $1,050,000.SOLD

Stunning 4/5 bedroom custom built 4354 sf family home located on a spectacular south west 6,835 sf lot on a quiet cul de sac in popular Rosemary Wynd! Relax and unwind as you enjoy the privacy in the professionally landscaped gardens which back onto green space. This home features a new heat pump and paint, multiple skylights, an open plan, huge family room with floor to ceiling rock fireplace, roomy kitchen, formal living room, dining area & office. The upper floor has 3 spacious bedrooms (could be 4 bdrms), large 5 piece ensuite and a media/music room. Finished basement has a separate entrance, guest bedroom, recreation room, kitchen area and loads of storage. A "10 out of 10" for LOCATION, SIZE, CONDITION and GARDENS!

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