Tim & Sharon Rohwer and Carrie Galbraith

Blog › November 2014

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 4 - 5053 47th Ave, Ladner, British Columbia


V1094482 - 4 - 5053 47th Ave, Ladner, British Columbia, CANADAI have just recently sold this listing at 4 - 5053 47th Ave, Ladner.

New Listing 4436 46b Street, Ladner, British Columbia


V1095667 - 4436 46b Street, Ladner, British Columbia, CANADAView my new listing for sale SOLD at 4436 46b Street, Ladner and currently listed at $619,000.SOLD

A private oasis garden in Ladner on a secluded 7020 sq. ft. level fenced lot. Be sure to take time to also check out this spacious well maintained 4 bedroom family home centrally located, steps from schools, shopping and quaint Old Town amenities. Enjoy summer BBQs from your 3 level sunny private deck overlooking your own area of trees, shrubs. Call us today and start planning your spring move-in now.

See the Pixilink 360° Virtual Tour for this listing

New Listing 4 - 5053 47th Ave, Ladner, British Columbia


V1094482 - 4 - 5053 47th Ave, Ladner, British Columbia, CANADAView my new listing for sale SOLD at 4 - 5053 47th Ave, Ladner and currently listed at $489,990.SOLD

Location, location, location - steps to Memorial Park, Library, quaint Ladner Village shops, restaurants, transit and schools. This large custom updated townhouse features 3-4 Bedrooms (or 3 bedroom and den), spacious sunny living/dining area, large main bedroom, new bathrooms and a HUGE double garage. Low maintenance fees - new roof and gutters. PERFECT for the busy family who wants to live within walking distance of all amenities.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 506 - 9133 Hemlock Drive, Richmond, British Columbia


V1092507 - 506 - 9133 Hemlock Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 506 - 9133 Hemlock Drive, Richmond.

New Listing 506 - 9133 Hemlock Drive, Richmond, British Columbia


V1092507 - 506 - 9133 Hemlock Drive, Richmond, British Columbia, CANADAView my new listing for sale SOLD at 506 - 9133 Hemlock Drive, Richmond and currently listed at $499,900.SOLD

Beautiful 2 bedroom, 2 bath condo features new carpets, paint, stainless steel appliances also granite counters, eating bar, electric fireplace and custom millwork (was original SHOW SUITE). Great location overlooking the courtyard and steps from the amenities - pool, exercise room and social room will meet all your personal and entertaining needs. Convenient Richmond location for shopping, schools and transportation - meets criteria of "10 OUT OF 10" for condition and location.