Tim & Sharon Rohwer and Carrie Galbraith

Blog › June 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 308 - 15775 Croydon Drive, Surrey, BC


R2284716 - 308 - 15775 Croydon Drive, Surrey, BC, CANADAView my new listing for sale at 308 - 15775 Croydon Drive, Surrey and currently listed at $409,000.

MORGAN CROSSING!!! Modern super bright 1 bedroom 1 bath condo features open concept floor plan. The well designed kitchen has quartz countertops, eating bar, tile surround, stainless steel appliances and gleaming hardwood floors. The spacious living room has a cozy fireplace, hardwoods and a wall of windows opening to the patio with mountain views, in suite laundry, large master bedroom with ample closet space. 10 out of 10 location to stroll to over 60 shops, restaurants etc. just outside your door. Leave your car at home. Pets and rentals allowed with restrictions. PERFECT FOR INVESTMENT, FIRS TIME BUYERS OR EMPTY NESTERS.

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Recently Sold Listing 411 - 1166 54a Street, Delta, BC


R2250021 - 411 - 1166 54a Street, Delta, BC, CANADAI have just recently sold this listing at 411 - 1166 54a Street, Delta.

New Listing 304 - 1350 View Crescent, Delta, BC


R2281529 - 304 - 1350 View Crescent, Delta, BC, CANADAView my new listing for sale at 304 - 1350 View Crescent, Delta and currently listed at $668,800.

THE CLASSIC! This spacious 1440 sf 2 bedroom 2 bath suite features a spectacular modern open plan concept - the huge kitchen (stainless steel and granite) has a 10'3" eating bar, adjoining dining area and living area with cozy gas fireplace. The beautiful bamboo floors throughout reflect the natural light from the new windows and the golf course/Mt. Baker view balcony. The home is freshly painted, new carpets and has a large laundry/storage room with tub. Bonus concrete/brick building with exercise room, workshop and secure underground parking. Location "10 out of 10" steps to shopping, transportation and quick ride to the new Tsawwassen Mall. Nothing to do - just move in and enjoy.

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