Tim & Sharon Rohwer

Blog › March 2018

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 411 - 1166 54a Street, Delta, BC


R2250021 - 411 - 1166 54a Street, Delta, BC, CANADAView my new listing for sale SOLD at 411 - 1166 54a Street, Delta and currently listed at $875,000.SOLD

LUXURY PENTHOUSE in the BRIO. This stunning spacious top floor 1381 sf 2 bedroom 2 bath condo features high end upgrades -gourmet kitchen with quartz countertops and 2 sinks, stainless steel appliances (fridge has ice/water), island eating bar with 4 stools, gorgeous hardwood floors, spa inspired bathrooms (ensuite has heated towel rack and infloor heating), laundry room with sink, wired internet/cable, 2 balconies and 2 parking spots. The outdoor BBQ deck is huge (271 sf) facing south west with sweeping panoramic views. Location is "10 out of 10" steps only from Sunny Tsawwassen for shopping, restaurants and recreation. Leave the car at home and enjoy an active lifestyle of outdoor living.

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New Listing 2269 169 Street, Surrey, BC


R2247269 - 2269 169 Street, Surrey, BC, CANADAView my new listing for sale at 2269 169 Street, Surrey and currently listed at $2,688,000.

Luxurious 1.1 ACRE Estate property in sought after neighbourhood near Grandview Heights Aquatic Centre & Southridge Private School. Spacious 3,130 sf family size updated 4 bedroom, 3 bath home on a manicured landscaped garden property. Walk thru the grand entrance to a spiral staircase, bright living room with gas fireplace & formal dining room. The new kitchen features s/s appliances, quartz countertops, walls of cabinets & overlooks a huge eating area with floor/ceiling windows & views of the extensive west facing garden. Imagine... a recreation room PLUS family room! Upstairs you will discover 3 bedrooms (main has a private deck, 3 piece ensuite & walk in closet). Bonus mud room, detached workshop, double garage, children's play house & chicken coop complete the picture.

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