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 5125 S Whitworth Crescent, Delta, BC


R2590667 - 5125 S Whitworth Crescent, Delta, BC, CANADAView my new listing for sale at 5125 S Whitworth Crescent, Delta and currently listed at $1,998,888.

Absolutely the best 10 out of 10 LOCATION with 2 LOT SUBDIVISION POTENTIAL too! Next to a park, and on one of the most sought after streets in Ladner- Whitworth Crescent! Steps to DSS, Ladner Elementary and Sacred Heart Schools. This spacious 2953SF 6 bedroom, 3 bath home is perfect for the busy family who needs a comfortable layout or for an extended family. Also features a bonus double garage and workshop for the handyman. This huge 11,657 sf sun drenched private fenced mature landscaped gardens offer a great opportunity for a FUTURE INVESTMENT OPPORTUNITY with 80' Frontage. THE IDEAL FAMILY HOME FOR NOW AND INVEST FOR THE FUTURE.

Recently Sold Listing 72 - 30989 Westridge Place, Abbotsford, BC


R2572397 - 72 - 30989 Westridge Place, Abbotsford, BC, CANADAI have just recently sold this listing at 72 - 30989 Westridge Place, Abbotsford.

New Listing 72 - 30989 Westridge Place, Abbotsford, BC


R2572397 - 72 - 30989 Westridge Place, Abbotsford, BC, CANADAView my new listing for sale SOLD at 72 - 30989 Westridge Place, Abbotsford and currently listed at $569,800.SOLD

ONE OF A KIND IN BRIGHTON! This unique 2 bedroom corner unit (extra windows!) has a south facing walk-out yard from the kitchen overlooking the park. It features a modern kitchen, a quartz island, open style dining & living areas, 9' ceilings & newer carpets. Above the main area are 2 spacious bedrooms, with the main ensuite featuring a walk in shower with his & hers sinks.. Residents enjoy a resort-style amenities at Club West with a fireside lounge, theatre room, hockey room, exercise centre, pool plus hot tub and dog washing station. Steps from the Discovery Trail, recreation, shopping, schools and restaurants. Easy access to the freeway for travel.

Recently Sold Listing 4880 43 Avenue, Delta, BC


R2555312 - 4880 43 Avenue, Delta, BC, CANADAI have just recently sold this listing at 4880 43 Avenue, Delta.

New Listing 4880 43 Avenue, Delta, BC


R2555312 - 4880 43 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 4880 43 Avenue, Delta and currently listed at $1,248,800.SOLD

This Ladner Two Level Home ticks all the boxes! You'll love the extensive renos & open concept living upstairs. The gourmet chef's kitchen is enhanced by top of the line appliances, cultured quarts counters & back splash, & is centered around a huge 4' by 8' island. The flooring is a warm walnut herringbone hardwood. 24 recessed LED lights balance the light throughout the open flow layout. Other features include the updated baths, the solar shade zebra blinds, shaker doors, modern crown & baseboards moldings, the media room & 5 bedrooms (3 up/2 down). Need a mortgage helper- the media room is all ready to be returned back to a suite with a separate entrance. Great location on a large south facing lot, steps to either Ladner Elementary French Immersion, DSS Highschool or Sacred Heart.

Recently Sold Listing 57 - 5957 152 Street, Surrey, BC


R2554224 - 57 - 5957 152 Street, Surrey, BC, CANADAI have just recently sold this listing at 57 - 5957 152 Street, Surrey.

New Listing 57 - 5957 152 Street, Surrey, BC


R2554224 - 57 - 5957 152 Street, Surrey, BC, CANADAView my new listing for sale SOLD at 57 - 5957 152 Street, Surrey and currently listed at $750,000.SOLD

ONE OF A KIND - TOWNHOME WITH HUGE FENCED YARD, more like a detached home than a townhome. PANORAMA STATION - 4 Bedroom 4 bath bright and spacious 1,761 SF corner Townhouse with double side by side garage. Beautiful fenced yard and garden. Home features modern open design kitchen with quartz island, s/s appliances and adjoining eating area, electric fireplace in living room, dining area, luxurious bathrooms including a 5 piece spa inspired ensuite. The front entrance leads to your own landscaped fenced garden with fruit trees. Residents have access to the clubhouse with gym, media room, children outdoor play area and park. 10 out of 10 Location to schools, shopping and Hwy. 10 for commuting.

New Listing 102 - 2091 Vine Street, Vancouver, BC


R2545419 - 102 - 2091 Vine Street, Vancouver, BC, CANADAView my new listing for sale at 102 - 2091 Vine Street, Vancouver and currently listed at $789,000.

Looking for a home in the heart of Kitsilano with sunny outdoor space! 5 minute walk to Kitsilano Beach. this beautiful spacious 2-bed & 1.5 bath home has a fantastic patio/garden (262sq/ft). The open layout has gleaming floors, freshly painted walls & bright kitchen. Master bedroom features beautifully renovated ensuite with modern black hardware & 2 piece waterfall shower. Guest bedroom has custom-built California closets murphy bed/wardrobe. 2nd bathroom fully renovated. Unit has 3 private exterior entrances-like townhome. The patio is perfect to sip your coffee, use as an outdoor workspace, enjoy with friends, or plant a vegetable garden. 1 minute walk to grocery stores, charming cafes & restaurants. In-suite laundry, underground parking & storage locker. Pets & rentals welcome

Recently Sold Listing 10 - 8747 162 Street, Surrey, BC


R2540720 - 10 - 8747 162 Street, Surrey, BC, CANADAI have just recently sold this listing at 10 - 8747 162 Street, Surrey.

New Listing 10 - 8747 162 Street, Surrey, BC


R2540720 - 10 - 8747 162 Street, Surrey, BC, CANADAView my new listing for sale SOLD at 10 - 8747 162 Street, Surrey and currently listed at $639,800.SOLD

POPULAR FLEETWOOD GROVE! This custom 1372 sf townhouse features 3 bedrooms, 3 baths of quality living space. The designer kitchen has quartz countertops, stainless steel sinks and appliances, large dining area leads to deck, living room has a cozy electric fireplace. Upstairs you will discover 3 bedrooms & 2 full baths. Lower level Tandem garage. This home shows like brand new... just move in & enjoy. Note the extremely reasonable strata fees and taxes. Walking distance to both levels of schools.