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 416 - 15137 33 Avenue, Surrey, BC


R2470881 - 416 - 15137 33 Avenue, Surrey, BC, CANADAView my new listing for sale at 416 - 15137 33 Avenue, Surrey and currently listed at $499,900.

Sunny & bright contemporary 2 bedroom 2 bath PENTHOUSE home in the master planned community of Harvard Gardens in South Surrey. This west facing deluxe end condo features over height 14 ft ceilings, engineered stone countertops, laminate flooring, stainless steel appliances with gas range. The ensuite has a spa type shower with double sinks. Spacious balcony ideal for BBQ'ing. Residents enjoy exclusive membership in the ROWING CLUB... 9000 sf of resort style amenities.. pool, exercise room, hot tub, club room, bike room etc. Vacant, easy to view and quick possession.

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Recently Sold Listing 5330 Bentley Crescent, Delta, BC


R2447907 - 5330 Bentley Crescent, Delta, BC, CANADAI have just recently sold this listing at 5330 Bentley Crescent, Delta.

New Listing 5330 Bentley Crescent, Delta, BC


R2447907 - 5330 Bentley Crescent, Delta, BC, CANADAView my new listing for sale SOLD at 5330 Bentley Crescent, Delta and currently listed at $1,598,000.SOLD

Location is a "10 OUT OF 10" on a quiet neighbourhood cul-de-sac in desirable Victory South. Be the first to discover this Executive Deluxe Custom built 4 to 5 bedroom, 4 bathroom family home. Main floor living starts with a dramatic entrance....floor-to-ceiling gas fireplaces, open floor plan, gourmet kitchen with huge island, top of the line appliances, great room, 10 skylights, large walk-in pantry, entertainment bar, formal dining and living room for family dinners, flex room, powder room, huge laundry, on demand hot water and double garage. Above you will discover a dreamy main bedroom with 5 piece bath, walk-in closet, plus 3 bedrooms and 2 additional baths. The large covered south west facing outdoor patio is perfect for entertaining and BBQ's on a sunny summer day.

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Recently Sold Listing 1012 51 Street, Delta, BC


R2437309 - 1012 51 Street, Delta, BC, CANADAI have just recently sold this listing at 1012 51 Street, Delta.

New Listing 1012 51 Street, Delta, BC


R2437309 - 1012 51 Street, Delta, BC, CANADAView my new listing for sale SOLD at 1012 51 Street, Delta and currently listed at $1,148,000.SOLD

STREET OF DREAMS! Gorgeous spacious family home in sought after location. Come and see this 2977 sf, 4 bedroom 3 bathroom home plus games room. This popular and modern design has been well maintained and features main floor living with a bright kitchen open to an eating area, family room plus sepatate living and formal dining areas. Main floor area features walk out yard to sunny BBQ patio and gardens. Updated over the years have been a new radiant heat boiler and hot water on demand system, new pex piping, updated baths, inground irrigation system, newer roof, large double garage and circular driveway. This won't last, call for a private showing today.

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New Listing 881 Bayview Drive, Delta, BC


R2431054 - 881 Bayview Drive, Delta, BC, CANADAView my new listing for sale SOLD at 881 Bayview Drive, Delta and currently listed at $1,099,000.SOLD

Location, Location, Location! Gorgeous 4 bedroom, 3 bath family home on 8,988 sf west facing private parklike gardens situated on the upper side of Bayview Drive. This immaculate home features vaulted ceilings, separate dining, updated kitchen with silestone counters, loads of cupboards, pantry, newer appliances, cozy gas fireplace in living room, lots of windows (for natural light), huge wrap-around deck to enjoy the views! Oak hardwood floors in upstairs bedroom, and main bedroom with ensuite. The downstairs has cozy guest or inlaw one bedroom suite, plus a family room with wood stove. Heat pump keeps your monthly costs for heat & light to just $130.00 per month. Minutes to Cliff Drive, South Delta Secondary School and public transportation. Nothing to do, just move in.

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New Listing 4482 46B Street, Delta, BC


R2427852 - 4482 46B Street, Delta, BC, CANADAView my new listing for sale SOLD at 4482 46B Street, Delta and currently listed at $969,000.SOLD

PERFECTION!! Don't miss out on this "Perfect" home. Features family living, separate in-law suite, huge workshop and private sunny gardens in a "10 out of 10" location. This move in condition home has 3 spacious bdrms up and a separate 1 bedroom deluxe suite. The detached workshop is wired and insulated for the handyman (new roof). Private manicured gardens, covered deck and a like new hot tub to enjoy year round outdoor living. Perfect location on quiet street close to schools and shopping in Historical Ladner. Room for Family & In laws too!!

Recently Sold Listing 881 Bayview Drive, Delta, BC


R2431054 - 881 Bayview Drive, Delta, BC, CANADAI have just recently sold this listing at 881 Bayview Drive, Delta.

New Listing 881 Bayview Drive, Delta, BC


R2415356 - 881 Bayview Drive, Delta, BC, CANADAView my new listing for sale at 881 Bayview Drive, Delta and currently listed at $1,149,000.

Location, Location, Location! Gorgeous 4 bedroom, 3 bath family home on 8,988 sf west facing private parklike gardens situated on the upper side of Bayview Drive. This immaculate home features vaulted ceilings, separate dining, updated kitchen with silestone counters, loads of cupboards, pantry, newer appliances, cozy gas fireplace in living room, lots of windows (for natural light), huge wrap-around deck to enjoy the views! Oak hardwood floors in upstairs bedroom, and main bedroom with ensuite. The downstairs has cozy guest or inlaw one bedroom suite, plus a family room with wood stove. Heat pump keeps your monthly costs for heat & light to just $130.00 per month. Minutes to Cliff Drive, South Delta Secondary School and public transportation. Nothing to do, just move in.

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Recently Sold Listing 4841 55B Street, Delta, BC


R2411741 - 4841 55B Street, Delta, BC, CANADAI have just recently sold this listing at 4841 55B Street, Delta.