Tim & Sharon Rohwer and Carrie Galbraith

Blog › September 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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New Listing 1474 54 Street, Delta, BC


R2108365 - 1474 54 Street, Delta, BC, CANADAView my new listing for sale at 1474 54 Street, Delta and currently listed at $1,348,000.

Custom updated 2 level 4 Bedroom, 3 bathroom family home on large landscaped 9741 sf lot. Top of line features include new classic kitchen with Redl cabinets, Miele appliances, Corian counters, eat-in area, separate formal dining room, living room with cozy gas fireplace, huge recreation room with built in cabinets, separate laundry room, beautiful hardwood floors. 4 Bedrooms up - master has a 3 piece ensuite and electric fireplace. Discover the private office (built with permits). Sunny back garden with large deck is private and perfect for entertaining, and the front garden finished for afternoon tea. Home is in move-in condition, in a desirable neighbourhood. Don't miss viewing this home in a parklike setting.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 1208 Pacific Drive, Delta, BC


R2106922 - 1208 Pacific Drive, Delta, BC, CANADAI have just recently sold this listing at 1208 Pacific Drive, Delta.

New Listing 1208 Pacific Drive, Delta, BC


R2106922 - 1208 Pacific Drive, Delta, BC, CANADAView my new listing for sale SOLD at 1208 Pacific Drive, Delta and currently listed at $998,000.SOLD

Prestigious Stahaken Rancher! Welcome home to this lovely 3 bedroom which includes a bonus recreation room! 3 Baths, including Jacuzzi tub, glass enclosed showers and more fine finishes. This home offers beautiful hardwood and tiled floors with radiant heating. Sit patio side, gazing at the gorgeous landscaping which is fully equipped with irrigation. Come visit and see for yourself on Sunday September 11 from 2-4 pm.

See the Pixilink 360° Virtual Tour for this listing

New Listing 4498 46b Street, Delta, BC


R2106998 - 4498 46b Street, Delta, BC, CANADAView my new listing for sale SOLD at 4498 46b Street, Delta and currently listed at $919,000.SOLD

Beautiful main floor living Cape Cod Style home in Quaint Ladner! This spacious family approved 2228 sq.ft. home features 3 bedrooms & 2 baths with dining area and family room off kitchen, plus formal dining/living room with cozy fireplace, den and large recreation room. Step out into private secluded gardens to enjoy BBQ's and morning coffee. Central location only steps to schools, shopping and transportation. Come and enjoy this Unique Home at our Open House Sunday Sept. 18, 2-4 pm.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 4498 46b Street, Delta, BC


R2106998 - 4498 46b Street, Delta, BC, CANADAI have just recently sold this listing at 4498 46b Street, Delta.