Tim & Sharon Rohwer

Balanced Market in the Lower Mainland

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 6265 Holly Park Drive, Delta, BC


R2520457 - 6265 Holly Park Drive, Delta, BC, CANADAView my new listing for sale at 6265 Holly Park Drive, Delta and currently listed at $1,099,000.

RANCHER in popular Holly Park! Don't miss out viewing this spacious 3 bedroom, 2 bath featuring combination/living dining area with cozy gas fireplace, large kitchen (top of the line gas range for special dinners/SS appliances) with adjoining family room & huge bright 200 sf solarium/sunroom, good size double garage. Located in a great neighborhood close to schools, park and the Historical village of Ladner.

Recently Sold Listing 5471 7B Avenue, Delta, BC


R2515918 - 5471 7B Avenue, Delta, BC, CANADAI have just recently sold this listing at 5471 7B Avenue, Delta.

New Listing 5471 7B Avenue, Delta, BC


R2515918 - 5471 7B Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 5471 7B Avenue, Delta and currently listed at $1,050,000.SOLD

GREAT INVESTMENT IN POPULAR SOUTH PARK 4 bedroom with den & family room on private huge 10164 sf property. Spacious kitchen with large deck overlooks the expansive yard. Garage is extra large for the handyman and has a drive through door to backyard. Quiet cul-de-sec only steps to SDSS, South Park, French Immersion School & Tsawwassen amenities. Property is tenanted. You must book an appointment with your agent between 12 to 2pm on Thursday or or 2pm to 4pm on Saturday.

See the Pixilink 360° Virtual Tour for this listing

New Listing 206 - 4738 53 Street, Delta, BC


R2511714 - 206 - 4738 53 Street, Delta, BC, CANADAView my new listing for sale at 206 - 4738 53 Street, Delta and currently listed at $515,000.

POPULAR SUNNINGDALE 1 Bedroom plus Den condo. This bright 917 sq ft condo features a spacious layout with a huge bedroom, den (second bedroom?) generous living room with a cozy gas fireplace, modern open style dream kitchen & quiet s/w garden courtyard outlook. Newly renovated to SHOW HOME condition with new kitchen, bathroom, updated fireplace, flooring, paint etc. Great Location only steps to Ladner amenities .... shopping, restaurants. Nothing to do just "MOVE IN" and Enjoy!

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Recently Sold Listing 306 - 4803 48 Avenue, Delta, BC


R2507448 - 306 - 4803 48 Avenue, Delta, BC, CANADAI have just recently sold this listing at 306 - 4803 48 Avenue, Delta.

New Listing 306 - 4803 48 Avenue, Delta, BC


R2507448 - 306 - 4803 48 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 306 - 4803 48 Avenue, Delta and currently listed at $595,000.SOLD

MOVE IN and ENJOY incredible unobstructed river, marina & mountain views. This spacious 1207 sq ft top floor penthouse condo in the Seafarer Marina Complex features 2 good sized bedrooms plus den plus a huge 200 sf deck perfect for entertaining before heading out on your boat from your 40' boat slip. This incredible location is walking steps from historical Ladner shops, restaurants & amenities. Bonus is well equipped workshop plus a recreation for social events.

Recently Sold Listing 172 Graham Drive, Delta, BC


R2485392 - 172 Graham Drive, Delta, BC, CANADAI have just recently sold this listing at 172 Graham Drive, Delta.

Recently Sold Listing 6044 46A Avenue, Delta, BC


R2496420 - 6044 46A Avenue, Delta, BC, CANADAI have just recently sold this listing at 6044 46A Avenue, Delta.

New Listing 6044 46A Avenue, Delta, BC


R2496420 - 6044 46A Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 6044 46A Avenue, Delta and currently listed at $1,058,000.SOLD

Sought after immaculate modern design 3 bedroom, 3 bath main floor living home was the original show home for the Sanderson Lane complex. Be sure to take note of the many features of the home... the good sized bedrooms, open plan entertainment great room with cozy gas fireplace, large centre granite kitchen island with eating area, oodles of cupboards, top of line appliances, dining room, new paint, security system etc. Gorgeous south facing back gardens are totally private with a large exposed aggregate sundeck, landscaping and a powered shed. "10 out of 10" location on a quiet cul de sac steps from popular Holly School, the leisure centre, ice rink and pool.

Recently Sold Listing 5033 1 Avenue, Delta, BC


R2485892 - 5033 1 Avenue, Delta, BC, CANADAI have just recently sold this listing at 5033 1 Avenue, Delta.