Tim & Sharon Rohwer and Carrie Galbraith

Blog › January 2016

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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Recently Sold Listing 116 - 4885 53 Street, Delta, BC


R2027576 - 116 - 4885 53 Street, Delta, BC, CANADAI have just recently sold this listing at 116 - 4885 53 Street, Delta.

New Listing 116 - 4885 53 Street, Delta, BC


R2027576 - 116 - 4885 53 Street, Delta, BC, CANADAView my new listing for sale SOLD at 116 - 4885 53 Street, Delta and currently listed at $360,000.SOLD

Come visit this fabulous 2 bedroom 2 bathroom home in Green Gables. Modern updates including granite countertops, white shaker style cabinets and wide plank laminate flooring! Wheelchair accessible home convenient on the ground floor with covered parking right at your front door. This home includes a storage locker, private patio and is only minutes to shopping, public transit, schools and parks. Open House Sunday January 31st 2-4 pm.

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Recently Sold Listing 4876 4 Avenue, Delta, BC


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New Listing 5465 Maple Crescent, Delta, BC


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Recently Sold Listing 4876 4 Avenue, Delta, BC


R2023863-DUP - 4876 4 Avenue, Delta, BC, CANADAI have just recently sold this listing at 4876 4 Avenue, Delta.

New Listing 4876 4 Avenue, Delta, BC


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Recently Sold Listing 909 Stevens Street, White Rock, BC


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Recently Sold Listing 304 - 4803 48 Avenue, Delta, BC


R2022293 - 304 - 4803 48 Avenue, Delta, BC, CANADAI have just recently sold this listing at 304 - 4803 48 Avenue, Delta.

New Listing 909 Stevens Street, White Rock, BC


R2022561 - 909 Stevens Street, White Rock, BC, CANADAView my new listing for sale SOLD at 909 Stevens Street, White Rock and currently listed at $1,148,880.SOLD

Upscale Design! Extensively renovated in 2014; 3 bedroom 3 bath executive home located in sought after White Rock neighbourhood. Captivating views of the ocean can be enjoyed from all rooms including your brand NEW Kitchen! It's equipped with top high end appliances (LG, Viking, Brigade), quartz countertops, island with built in shelving. If you love entertaining enjoy the sunny deck with bonus hot tub plus intimate roof top viewing deck. Home includes California shutters, skylights, vaulted ceiling and open spaces for all to enjoy. FANTASTIC location, steps to beach, restaurants and all amenities. ONE LOOK WILL DO!!!!

See the Pixilink 360° Virtual Tour for this listing

New Listing 304 - 4803 48 Avenue, Delta, BC


R2022293 - 304 - 4803 48 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 304 - 4803 48 Avenue, Delta and currently listed at $519,900.SOLD

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