Tim & Sharon Rohwer and Carrie Galbraith

Blog › June 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. 
Download the complete stats package by clicking here. 

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R2086145-DUP - 168 - 5421 10 Avenue, Delta, BC, CANADAI have just recently sold this listing at 168 - 5421 10 Avenue, Delta.

Recently Sold Listing 168 - 5421 10 Avenue, Delta, BC


R2086145 - 168 - 5421 10 Avenue, Delta, BC, CANADAI have just recently sold this listing at 168 - 5421 10 Avenue, Delta.

New Listing 168 - 5421 10 Avenue, Delta, BC


R2086145 - 168 - 5421 10 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 168 - 5421 10 Avenue, Delta and currently listed at $599,800.SOLD

Rarely available 3 bedroom Townhome in "Sundial". Entrance with private sunny south exposed fully fenced patio and blooming flowers, including a Maple Tree. Bring yourself into the bright and artistically decorated home equipped with multiple space saving built-ins. Great location in the complex for easy street parking access. Unique features including custom fireplace surround, bathroom vanity. This 1,441 sf home won't last long. Call today!

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Recently Sold Listing 4831 Turnbuckle Wynd, Delta, BC


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Recently Sold Listing 5087 Cliff Drive, Delta, BC


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New Listing 4831 Turnbuckle Wynd, Delta, BC


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LOCATION LOCATION LOCATION! This 3 bedroom + den or 4 bedroom, 2 bath home is conveniently located in the "Harbourside" Development. Minutes to historic Ladner Village, shops, transportation and more. Features bright fresh new paint, south west sunny exposed backyard backing onto massive greenspace with patio, great for your backyard BBQs. This development is perfect for families looking for a close knit community feel.

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New Listing 251 55 Street, Delta, BC


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Recently Sold Listing 5087 Cliff Drive, Delta, BC


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New Listing 5087 Cliff Drive, Delta, BC


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Recently Sold Listing 5909 181a Street, Surrey, BC


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New Listing 5909 181a Street, Surrey, BC


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New Listing 64 - 8385 Delsom Way, Delta, BC


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Spacious 3 bedrooms, 3 bathroom bright end unit in the popular "Radiance at Sunstone" complex. Modern open layout concept with large granite island, stainless steel appliances, 9' ceilings and bonus 2 piece powder on main. Sunny West facing backyard - quiet as not located near the street. Bonus (3) parking features double garage plus driveway. Don't forget to check out the amenities - indoor sports court, exercise room, outdoor pool, meeting room and guest suite. Don't delay on this end unit townhouse!! Call us today!!

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New Listing 16293 108 Avenue, Surrey, BC


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A must see! This well maintained rancher in the Fraser Heights. This lovely 1,621 sf 3 bedroom boasts a 7,160 sf sunny front south exposed lot. Fabulous entertainment backyard with a gazebo and a covered patio, all ready for summer! Come visit today!

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