Tim & Sharon Rohwer and Carrie Galbraith

Blog › July 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 409 - 1166 54a Street, Delta, BC


R2192524 - 409 - 1166 54a Street, Delta, BC, CANADAView my new listing for sale SOLD at 409 - 1166 54a Street, Delta and currently listed at $698,000.SOLD

LUXURY LIVING AT THE BRIO!! This stunning 1,040 sf penthouse 2 bedroom, 2 bath condo features high end finishes - quartz countertops, stainless steel appliances, island eating bar with sink, elegant hardwood floor and spa inspired bathrooms. This immaculate well taken care of home has soaring Valulted Celings. The outdoor BBQ deck faces east and has panoramic views. This location is "10 out of 10" steps only from sunny Tsawwassen shopping, restaurants and recreation. Leave the car at home and enjoy an active lifestyle of outdoor living.

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New Listing 305 - 1350 View Crescent, Delta, BC


R2192616 - 305 - 1350 View Crescent, Delta, BC, CANADAView my new listing for sale SOLD at 305 - 1350 View Crescent, Delta and currently listed at $539,000.SOLD

The Classic! Spectacularly updated kitchen, flooring, bathroom, paint and more. Spacious 1,418 sf 2 bedroom 2 bath on the third floor. Sauna, exercise room, beautiful common deck space with golf course and mountain views. This concrete building is conveniently located with steps to shopping, transportation and all amenities. Come view for yourself.

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Recently Sold Listing 109 - 4803 48 Avenue, Delta, BC


R2183962 - 109 - 4803 48 Avenue, Delta, BC, CANADAI have just recently sold this listing at 109 - 4803 48 Avenue, Delta.

Recently Sold Listing 4933 44 Avenue, Delta, BC


R2184184 - 4933 44 Avenue, Delta, BC, CANADAI have just recently sold this listing at 4933 44 Avenue, Delta.

New Listing 305 - 1350 View Crescent, Delta, BC


R2187658 - 305 - 1350 View Crescent, Delta, BC, CANADAView my new listing for sale at 305 - 1350 View Crescent, Delta and currently listed at $519,000.

The Classic! Spectacularly updated kitchen, flooring, bathroom, paint and more. Spacious 1,418 sf 2 bedroom 2 bath on the third floor. Sauna, exercise room, beautiful common deck space with golf course and mountain views. This concrete building is conveniently located with steps to shopping, transportation and all amenities. Come view for yourself.

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New Listing 5223 5b Avenue, Delta, BC


R2184364 - 5223 5b Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 5223 5b Avenue, Delta and currently listed at $988,000.SOLD

Opportunity knocks! Pebble Hill - 1996 sf family friendly three level split home in great neighbourhood. Sitting on a 6631 sf lot, this well maintained home awaits your decorating ideas. Three bedrooms up, master with ensuite, a family room off the kitchen and a rec room with its own powder room. Walk out to a private sunny yard. Best value home in Tsawwassen!

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New Listing 4689 Morgan Place, Delta, BC


R2183939 - 4689 Morgan Place, Delta, BC, CANADAView my new listing for sale SOLD at 4689 Morgan Place, Delta and currently listed at $744,900.SOLD

WELCOME HOME!! Savor the sun in this cozy 3 bedroom, 2 bath affordable home featuring private peaceful west facing gardens. Features vaulted ceilings, fireplace, open floor plan, new paint, new bedroom carpets, and ensuite - move in ready. Child Safe Location and fenced property safe for pets. Located on a quiet cul-de-sac close to transportation, shopping and schools. There are no common walls in this home, just one common wall at the carport. Best Value in Ladner!!!!

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New Listing 4933 44 Avenue, Delta, BC


R2184184 - 4933 44 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 4933 44 Avenue, Delta and currently listed at $924,000.SOLD

Location "10 out of 10". If your family comes first, check out this 3 bedroom, 3 bath 2 level home overlooking Ladner Elementary School (French Immersion) and great views of Cromie Park. This well maintained home features open floor plan in living area, 3 Bedrooms up and a huge recreation room plus 3 piece bath down. The spacious kitchen overlooks a large sunny entertainment deck and fenced 6000 sf gardens, safe for children and pets. Tired of house hunting, start here!!!

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