Tim & Sharon Rohwer

Blog › October 2019

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. 
Download the complete stats package by clicking here. 

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.

See the Pixilink 360° Virtual Tour for this listing

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.

New Listing 4841 55B Street, Delta, BC


R2411741 - 4841 55B Street, Delta, BC, CANADAView my new listing for sale SOLD at 4841 55B Street, Delta and currently listed at $579,900.SOLD

DON'T MISS VIEWING THIS SPACIOUS TOWNHOUSE! This 1543 sf 3 bedroom 2 bathroom home in Ladner in sought after Chestnut Gardens is perfect for the growing family! Look out your picture window toward beautiful mature maple trees. Updates include new windows, updated bathrooms and kitchen, flooring, paint, lots of storage and private fenced yard.... just move in. Walk to Historical Ladner village to enjoy all the amenities.

See the Pixilink 360° Virtual Tour for this listing