Tim & Sharon Rohwer and Carrie Galbraith

Blog › July 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 12666 98th Ave, Surrey, British Columbia


F1318050 - 12666 98th Ave, Surrey, British Columbia, CANADAView my new listing for sale SOLD at 12666 98th Ave, Surrey and currently listed at $469,900.SOLD

Relax and enjoy the privacy of the sunny 7380 sq ft landscaped garden as you unwind after a busy day. Located on a quiet tree lined street you will discover this solid two level 4+ bedroom 2 bath family home. Recent updates include windows, eaves troughs, roof, gas furnace, gas hot water tank and ECO energy report. BONUS is a detached lane access carport for easy parking. Home is a "10 out of 10" for LOCATION, SIZE, CONDITION and GARDENS! Don't delay, call today to view. Homes in this area sell quickly.

Recently Sold Listing 12666 98th Ave, Surrey, British Columbia


F1318050 - 12666 98th Ave, Surrey, British Columbia, CANADAI have just recently sold this listing at 12666 98th Ave, Surrey.

Recently Sold Listing 405 - 15 E Royal Ave, New Westminster, British Columbia


V1019076 - 405 - 15 E Royal Ave, New Westminster, British Columbia, CANADAI have just recently sold this listing at 405 - 15 E Royal Ave, New Westminster.

New Listing 405 - 15 E Royal Ave, New Westminster, British Columbia


V1019076 - 405 - 15 E Royal Ave, New Westminster, British Columbia, CANADAView my new listing for sale SOLD at 405 - 15 E Royal Ave, New Westminster and currently listed at $329,800.SOLD

Spacious corner unit with an excellent floor plan. Quiet suite facing the mountains, green space, pond, with partial view of Fraser river. Recently replaced original hard wood floor. Has 1 year old high quality LG washer / dryer . Other features include granite countertops, 9 ft ceiling, breakfast bar, s/s appliances and huge balcony. This complex has excellent amenities which include an outdoor swimming pool, exercise room, sauna/steam room, hot tub, guest suites, library and meeting room. Close to skytrain, shopping, schools and Queens park. "10" out of "10" for location, condition and view!!

See the Pixilink 360° Virtual Tour for this listing

New Listing Lt 32 - 0 Granville Ave, Richmond, British Columbia


V965389 - Lt 32 - 0 Granville Ave, Richmond, British Columbia, CANADAView my new listing for sale at Lt 32 - 0 Granville Ave, Richmond and currently listed at 250000.

0.875 acres Agricultural Land - 126'x301' ALR Property. Access is by undeveloped roadway. Located between Blundell Rd, Granville Ave and No 4 & No 5 Roads. Great holding property for investment in Richmond. Can be purchased with adjoining Lot 29, MLS V965659.

New Listing Lt 29 - 0 Granville Ave, Richmond, British Columbia


V965659 - Lt 29 - 0 Granville Ave, Richmond, British Columbia, CANADAView my new listing for sale at Lt 29 - 0 Granville Ave, Richmond and currently listed at 250000.

0.875 acres Agricultural Land - 126' x 301' ALR Property. Access s is by undeveloped roadway. Located between Blundell Rd, Granville Ave and No 4 & No 4 Roads. Great holding property for investment in Richmond. Can be purchased with adjoining Lot 32, MLS V965389.

New Listing Lt 50d - 0 No 4 Road, Richmond, British Columbia


V965407 - Lt 50d - 0 No 4 Road, Richmond, British Columbia, CANADAView my new listing for sale at Lt 50d - 0 No 4 Road, Richmond and currently listed at 252000.

0.875 acres Agricultural Land 126'x301' ALR Property. Access is by undeveloped roadway. Located between Blundell Rd, Granville Ave and No 4 & No 5 Roads. Great holding property for investment in Richmond.