Tim & Sharon Rohwer and Carrie Galbraith

Blog › May 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 5084 57 Street, Delta, BC


R2273037 - 5084 57 Street, Delta, BC, CANADAView my new listing for sale at 5084 57 Street, Delta and currently listed at $1,118,000.

Invest in Ladner. Nicely updated 3 level 1900 sf of backsplit home on 0.22 acre, 66' by 143' lot. the home features 3 bedrooms, 2 baths, family room, newer roof, windows and kitchen, lovely covered sumertime outdoor entertainment area overlooking private gardens, drive through garage with workshop/storage. Watch your equity grow as this neighbourhood is being considered for future development.

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New Listing 749 Walfred Rd, Victoria, BC, Victoria, BC


391644 - 749 Walfred Rd, Victoria, BC, Victoria, BC, CANADAView my new listing for sale at 749 Walfred Rd, Victoria, BC, Victoria and currently listed at $1,399,000.

 MINUTES FROM DOWNTOWN VICTORIA YET RURAL ACREAGE WITH 360° VIEWS!!! Looking over the city, mountains and ocean with 4,000+ sq/ft on a private acreage. This 5 bedrooms, 4 bath home with spacious kitchen for easy entertaining and a large dining/living room featuring an imported fireplace with pizza oven. Master suite includes ensuite bath with double vanity, jacuzzi tub and step-in closet. Plenty of space for multi family living, your home office and is suite ready. More features include fully irrigated garden, rooftop deck off the observation room, media room, 2 car garage & detached garage/workshop with roughed-in plumbing. Lots of building space for your creative additional accommodation ideas. Rural living with benefits of city life/shopping just 5 minutes away. Must see property! (id:25553)