Tim & Sharon Rohwer and Carrie Galbraith

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

Recently Sold Listing 602 - 7488 Byrnepark Walk, Burnaby, BC


R2196955 - 602 - 7488 Byrnepark Walk, Burnaby, BC, CANADAI have just recently sold this listing at 602 - 7488 Byrnepark Walk, Burnaby.

New Listing 267 - 1440 Garden Place, Delta, BC


R2209978 - 267 - 1440 Garden Place, Delta, BC, CANADAView my new listing for sale SOLD at 267 - 1440 Garden Place, Delta and currently listed at $399,900.SOLD

IMAGINE! LOCATION, CONDITION & GREAT PRICE! This custom renovated 2 bedroom 2 bath 1021 sf condo features all new flooring, sliding and bay windows, fireplace mantle, eating bar, baseboards, paint, bathrooms plus a fully enclosed balcony to enjoy year round additional living area. The spacious living and dining room are perfect for entertaining. Private sunny southern outlook to gardens and trees. Centrally located in Garden Place complex in the heart of Tsawwassen steps to shopping, beach and transit. No work to do, just move and enjoy!!!

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 5223 5b Avenue, Delta, BC


R2184364 - 5223 5b Avenue, Delta, BC, CANADAI have just recently sold this listing at 5223 5b Avenue, Delta.

Recently Sold Listing 409 - 1166 54a Street, Delta, BC


R2192524 - 409 - 1166 54a Street, Delta, BC, CANADAI have just recently sold this listing at 409 - 1166 54a Street, Delta.

Recently Sold Listing C104 - 4831 53 Street, Delta, BC


R2198970 - C104 - 4831 53 Street, Delta, BC, CANADAI have just recently sold this listing at C104 - 4831 53 Street, Delta.

New Listing 495 Milsom Wynd, Delta, BC


R2205285 - 495 Milsom Wynd, Delta, BC, CANADAView my new listing for sale SOLD at 495 Milsom Wynd, Delta and currently listed at $1,278,000.SOLD

Looking for a spacious, updated home in Pebble Hill on a large lot? Look no further! Pride of ownership shows in this immaculate 3290 sf 4 bedroom home on a Bright, Sunny South West exposed 9225 sf lot with 120' of frontage! Features include a 387 sf wrap around deck, 2 living rooms, 2 kitchens, a family room and massive rec room. It is all done for you - updates include kitchen - stainless, granite, cupboards, hardwood floors, bathrooms, windows, roof, furnace, stamped concrete patio and more. All steps from Pebble Hill Park! Opportunity awaits, call for a private showing today.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 5024 Wallace Avenue, Delta, BC


R2145130 - 5024 Wallace Avenue, Delta, BC, CANADAI have just recently sold this listing at 5024 Wallace Avenue, Delta.

Recently Sold Listing 5448 Wildwood Crescent, Delta, BC


R2199930 - 5448 Wildwood Crescent, Delta, BC, CANADAI have just recently sold this listing at 5448 Wildwood Crescent, Delta.