Tim & Sharon Rohwer and Carrie Galbraith

Blog › October 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 307 - 6420 194 Street, Surrey, BC


R2119951 - 307 - 6420 194 Street, Surrey, BC, CANADAI have just recently sold this listing at 307 - 6420 194 Street, Surrey.

New Listing 5024 Wallace Avenue, Delta, BC


R2119971 - 5024 Wallace Avenue, Delta, BC, CANADAView my new listing for sale at 5024 Wallace Avenue, Delta and currently listed at $1,598,000.

Fantastic Investment Opportunity! This 15,490 sun drenched south facing lot which hosts a 2,297 rancher style house could be yours today! The choice is yours... buy this unique Spanish style house and lot for just $1,598,000 including 4 bed and 3 bath, or have a 5,560 sf custom built home with a three car garage built by a prestigious local builder. Want your dream home on a perfect lot? Just picture all the high end finishes, appliances and 2x6 construction. This could all be yours! Sought after location on a quiet cul-de-sac in Pebble Hill backing onto the US Border. Ultra private property with no neighbors behind. We'll let you decide!

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 5137 N Whitworth Crescent, Delta, BC


R2131664 - 5137 N Whitworth Crescent, Delta, BC, CANADAI have just recently sold this listing at 5137 N Whitworth Crescent, Delta.

New Listing 5137 N Whitworth Crescent, Delta, BC


R2119802 - 5137 N Whitworth Crescent, Delta, BC, CANADAView my new listing for sale at 5137 N Whitworth Crescent, Delta and currently listed at $1,198,000.

Sought after Whitworth Crescent - Fantastic meticulous home on a huge nearly 8,000 sf landscaped lot. Best family neighborhood in Ladner - secret park just across the street, paths adjoining to French Immersion Ladner Elementary and Delta Secondary School, safe and secure with no thru traffic. The 2,300 sf home features wrap around decks, 4 bedrooms, 3 bathrooms, rec room, newer windows/roof/furnace. Triple covered parking (double garage and carport). This is a must see home!

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 212 - 4955 River Road, Delta, BC


R2118864-DUP - 212 - 4955 River Road, Delta, BC, CANADAI have just recently sold this listing at 212 - 4955 River Road, Delta.

New Listing 307 - 6420 194 Street, Surrey, BC


R2119951 - 307 - 6420 194 Street, Surrey, BC, CANADAView my new listing for sale SOLD at 307 - 6420 194 Street, Surrey and currently listed at $334,900.SOLD

Waterstone is the ultimate resort inspired community set on over 10 acres of parklike property. This 2 bedroom, 2 bath CORNER UNIT condo features Designer living - a large gourmet kitchen - granite countertops, upgraded stainless steel appliances, laminate flooring, 9' ceilings, upgraded laundry, double size sunny balcony, 2 parking stalls + 3 large storage units. Enjoy the amenities at the 15,000 sf Clubhouse which features a fireside lounge/demo kitchen + wine bar, lrg screen TV, Billiards room, 17 seat theatre, exercise facilities, yoga, lap pool, sauna and hot tub. Great location convenient to Willowbrook Mall, restaurants and transit. A-OK to bring your pet!!!!

New Listing 212 - 4955 River Road, Delta, BC


R2118864 - 212 - 4955 River Road, Delta, BC, CANADAView my new listing for sale SOLD at 212 - 4955 River Road, Delta and currently listed at $589,800.SOLD

Views! Views! Views! Delightful 2 bedroom, 2 bath in sought after Shorewalk. Enjoy the balcony space with the south west exposed gorgeous unobstructed river views. The master bedroom includes a huge walk-in closet and full ensuite, the home features beautiful hard wood flooring and crown moulding throughout. Spacious kitchen including peninsula island and separate dining area. The sitting area flows out to the sundeck and views. This complex is fully rain screened, 2 parking spaces and pets are allowed! Prime location, walk to shops, restaurants, and transportation in Ladner Village!

See the Pixilink 360° Virtual Tour for this listing

New Listing 204 - 4815 48 Avenue, Delta, BC


R2119529 - 204 - 4815 48 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 204 - 4815 48 Avenue, Delta and currently listed at $548,800.SOLD

"RIVER FRONT LIVING" Enjoy Beautiful ever changing tranquil living with views of boats, birds, mountains and garden scenery from this spectacular 1,278 sf 2 bedroom, 1 1/2 bath + den townhouse. Features hardwood floors, euro kitchen, skylight, 2 decks and the BONUS 30' Boat Slip. Located just steps from Historical Ladner restaurants, shops and all amenities. Act quickly as these townhouses seldom come on the market.

Recently Sold Listing 212 - 4955 River Road, Delta, BC


R2118864 - 212 - 4955 River Road, Delta, BC, CANADAI have just recently sold this listing at 212 - 4955 River Road, Delta.

Recently Sold Listing 5465 Candlewyck Wynd, Delta, BC


R2098877 - 5465 Candlewyck Wynd, Delta, BC, CANADAI have just recently sold this listing at 5465 Candlewyck Wynd, Delta.