Tim & Sharon Rohwer and Carrie Galbraith

Blog › April 2015

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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V1119203 - 111 - 4815 48th Ave, Ladner, British Columbia, CANADAView my new listing for sale SOLD at 111 - 4815 48th Ave, Ladner and currently listed at $519,900.SOLD

PSST!!! Best view in Seafarer Marina Estates. Time to take it easy while enjoying panoramic tranquil ever chaning river and mountain views from the two decks in this bright and sunny two bedroom, 2 bath one level condo. Features dining area overlooking the gardens and river plus a cozy wood fireplace in the huge living room. The well designed kitchen (with lots of cupboards) opens to a different river view. Enjoy passing boats, birds and sunsets while planning a quick getaway in your own boat - yes comes with a 24' boat slip. Located just steps from historical Ladner shops, restaurant and amenities.

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NICELY UPDATED, well located and well loved 5 bedroom, 3 bath family home on large 9085 sf sunny, landscaped garden lot. Home features new kitchen with newer SS appliances, hardwood floors, updated bathrooms, new carpets, paint, roof , windows, drainage - the list is endless. Large double garage. Suite potential. Nothing to do, just move in and enjoy the summer!!

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V1118185 - 5 - 4756 62nd Street, Ladner, British Columbia, CANADAView my new listing for sale SOLD at 5 - 4756 62nd Street, Ladner and currently listed at $499,900.SOLD

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See the Pixilink 360° Virtual Tour for this listing