Tim & Sharon Rohwer and Carrie Galbraith

Blog › January 2017

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 4831 Turnbuckle Wynd, Delta, BC


R2131688 - 4831 Turnbuckle Wynd, Delta, BC, CANADAView my new listing for sale SOLD at 4831 Turnbuckle Wynd, Delta and currently listed at $499,800.SOLD

BEST PRICED TOWNHOME IN LADNER! This 3 bedroom 2 bath plus den spacious townhouse is conveniently located in the "Harbourside" Development just steps to historial Ladner Village, shops, restaurants, riverfront, transportation and more. Features updated kitchen, bathrooms, hardwood floors and sunny southwest garden patio overlooking secure greenspace perfect for backyard BBQs. Family complex-safe for children and pets. Sound Good?? the Price is Right!!

New Listing 5137 N Whitworth Crescent, Delta, BC


R2131664 - 5137 N Whitworth Crescent, Delta, BC, CANADAView my new listing for sale SOLD at 5137 N Whitworth Crescent, Delta and currently listed at $1,098,000.SOLD

Sought after Whitworth Crescent - Move in and enjoy this fantastic meticulous home on a huge nearly 8,000 sf landscaped garden property. This spacious home features wrap around decks, 4 bedrooms, 3 bathrooms, formal dining room, rec room, newer windows/roof/furnace, triple covered parking (double garage and carport). Best family neighbourhood in Ladner - secret park just across the street, discover the paths leading to French Immersion Ladner Elementary and Delta Secondary School, safe and secure with no thru traffic. Stroll to historical shopping area and don't miss the new state of art Tsawwassen Mills shopping mall. This is a must see home!

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New Listing 5362 Brigantine Road, Delta, BC


R2131119 - 5362 Brigantine Road, Delta, BC, CANADAView my new listing for sale SOLD at 5362 Brigantine Road, Delta and currently listed at $1,098,000.SOLD

This custom (2162 sf) home in Marina Gardens meeting "10 OUT OF 10" location facing south onto a picturesque tidal waterway featuring birds and private greenery outlook. Spacious family layout features 4 Bedrooms, 3 baths, cozy fireplace in family room, eat-in kitchen with island, formal dining area. Vaulted ceilings/gas fireplace compliment the open living room. Updates include new roof, flooring, fireplaces and more. Low traffic cul de sac street just steps to golf course, school, bike/walking trails, marina and historical Ladner. Great home with great neighbours!!!!

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New Listing 1474 54 Street, Delta, BC


R2128804 - 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 bath family home on huge landscaped 9741 sf lot. Top of line renovations include new gourmet kitchen with Redl cabinets, Miele appliances, Corion counters, eat-in area, separate dining room, living room with cozy gas fireplace, huge recreation room with built in cabinets, separate laundry room, beautiful hardwood floors, 4 bedrooms up - main bedroom has 3 piece ensuite, electric fireplace and walk in closet. Discover the home office (built with permits). Sunny back garden with large deck is private and perfect for entertaining, and the front garden set up for afternoon tea. Home is in move-in condition in desirable neighbourhood. Call today to view this charming home in a parklike setting.

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New Listing 6288 Crescent Place, Delta, BC


R2129525 - 6288 Crescent Place, Delta, BC, CANADAView my new listing for sale SOLD at 6288 Crescent Place, Delta and currently listed at $988,000.SOLD

WELCOME to sunny Ladner!! Located on a quiet street in the popular Holly neighbourhood, this spacious 4 bedroom, 3 bath (2154 sf) FAMILY home has a huge master bedroom on the main. Features a large kitchen with eating nook open to family room with fireplace, separate dining/living room with vaulted ceilings and cozy warm gas fireplace. Upstairs you will discover 3 good sized bedrooms for the growing family. Bonus double garage plus RV parking. The level landscaped fenced south facing gardens are perfect for entertaining, children and pets. Move in now and add your personal touches.

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