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 6044 46A Avenue, Delta, BC


R2496420 - 6044 46A Avenue, Delta, BC, CANADAView my new listing for sale at 6044 46A Avenue, Delta and currently listed at $1,088,000.

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.

New Listing 5033 1 Avenue, Delta, BC


R2485892 - 5033 1 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 5033 1 Avenue, Delta and currently listed at $1,299,000.SOLD

Invest in Land! This 3300 sf spacious home is situated on a huge 13,713 sf level garden lot.

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New Listing 172 Graham Drive, Delta, BC


R2485392 - 172 Graham Drive, Delta, BC, CANADAView my new listing for sale at 172 Graham Drive, Delta and currently listed at $1,398,000.

Welcome to 172 Graham Drive, situated on 6200 sf lot. This wonderful 1,876 sf 2 bedroom plus loft (3 bedroom), 2 bath home has been completely redone from top to bottom with permits. Walk into the beautiful living room which has 20 foot vaulted ceiling, floor to ceiling gas fireplace, large windows, hardwood floor, spacious great room concept, beautiful kitchen with gas stove. Patio doors open to the west facing deck to entertain or just sit and enjoy the water view and sunset. Open House Saturday September 19, 2020 2-4pm

Recently Sold Listing 407 - 9199 Tomicki Avenue, Richmond, BC


R2484824 - 407 - 9199 Tomicki Avenue, Richmond, BC, CANADAI have just recently sold this listing at 407 - 9199 Tomicki Avenue, Richmond.

New Listing 407 - 9199 Tomicki Avenue, Richmond, BC


R2484824 - 407 - 9199 Tomicki Avenue, Richmond, BC, CANADAView my new listing for sale SOLD at 407 - 9199 Tomicki Avenue, Richmond and currently listed at $612,000.SOLD

MERIDIAN GATE community built by Polygon. This desirable spacious 2 bedroom, 2 bath top floor condo features gas range, stainless steel appliances, granite counter tops with modern open concept kitchen, dining & living area. The west facing patio is on the quiet side of the building overlooking greenery. Enjoy your leisure time at the 7000 sq. ft. clubhouse.... discovering the outdoor pool, hot tub, gym, media & billiard centre. Conveniently located steps from Aberdeen Centre, T&T market & skytrain station, plus minutes to airport and downtown Vancouver. Easy to show!

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Recently Sold Listing 417 - 15137 33 Avenue, Surrey, BC


R2481378 - 417 - 15137 33 Avenue, Surrey, BC, CANADAI have just recently sold this listing at 417 - 15137 33 Avenue, Surrey.

New Listing 417 - 15137 33 Avenue, Surrey, BC


R2481378 - 417 - 15137 33 Avenue, Surrey, BC, CANADAView my new listing for sale SOLD at 417 - 15137 33 Avenue, Surrey and currently listed at $499,900.SOLD

Sunny & bright top floor 2 bedroom 2 bath PENTHOUSE home in the master planned community of Harvard Gardens in South Surrey. This south facing deluxe end unit condo features over height 14 ft ceilings, engineered stone countertops, laminate flooring, stainless steel appliances with gas range. The ensuite has a lavish spa type shower and double sinks. Spacious balcony ideal for BBQ'ing. Residents enjoy exclusive membership in the ROWING CLUB... 9000 sf of resort style amenities... heated pool, exercise room, hot tub, club room, media/theater room, indoor basketball/ floor hockey court etc. Feels like brand new, immaculate, easy to view. Won't last long so call today.

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New Listing 409 - 1350 View Crescent, Delta, BC


R2475906 - 409 - 1350 View Crescent, Delta, BC, CANADAView my new listing for sale at 409 - 1350 View Crescent, Delta and currently listed at $689,000.

Sunny corner condo in the CLASSIC (concrete building) featuring stunning everlasting views of the golf course, mountains and courtyard gardens with water fountain. This condo was extensively renovated to the open plan concept with top of line flooring, new gourmet kitchen (new appliances) with huge island, new cabinets, quartz countertops, lavish bathrooms, new doors, etc just move in. Enjoy the panoramic view from all the living areas or the spacious balcony. Location is just steps from shopping, restaurants in sunny Tsawwassen.

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Recently Sold Listing 416 - 15137 33 Avenue, Surrey, BC


R2470881 - 416 - 15137 33 Avenue, Surrey, BC, CANADAI have just recently sold this listing at 416 - 15137 33 Avenue, Surrey.