Tim & Sharon Rohwer

Blog › March 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. 
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New Listing 101 - 4803 48 Avenue, Delta, BC


R2354307 - 101 - 4803 48 Avenue, Delta, BC, CANADAView my new listing for sale SOLD at 101 - 4803 48 Avenue, Delta and currently listed at $609,900.SOLD

COME AND ENJOY incredible unobstructed river, mountain and marina views This spacious home is an updated 2 bedroom, 2 bath, 1208 sf riverfront corner rancher style condo in the popular Seafarer Marina Estates. The condo is bright with 4 additional east facing morning sun windows. The huge 200 sf deck is perfect for summer BBQs before heading out on your boat from your own 24' boat slip (accommodates up to 27' loa). Location is walking steps from historical Ladner shops, restaurants and amenities. Bonus is a well equipped workshop for the handyman and a recreation room for social fun.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 13227 17A Avenue, Surrey, BC


R2351835 - 13227 17A Avenue, Surrey, BC, CANADAI have just recently sold this listing at 13227 17A Avenue, Surrey.

New Listing 13227 17A Avenue, Surrey, BC


R2351835 - 13227 17A Avenue, Surrey, BC, CANADAView my new listing for sale SOLD at 13227 17A Avenue, Surrey and currently listed at $1,345,000.SOLD

Location, Location, Location! This charming 2278 sf 3 bdrm 3 bath home is situated on a gorgeous 12,937 sf south west lot in a quiet cul-de-sac, located right in the heart of the Amble Greene neighbourhood and literally steps from sought after Laronde French Immersion School. Great layout with vaulted ceilings in the sunny living room, family room off the kitchen, separate eating nook, formal dining, walk out to an amazing sunny and private yard/garden with huge entertainment deck and oversized garage. Other features are built in vacuum, security system, inground sprinklers. Over the years many updates - roof, furnace, ss appliances, exterior paint and more.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 405 - 1369 56 Street, Delta, BC


R2369952 - 405 - 1369 56 Street, Delta, BC, CANADAI have just recently sold this listing at 405 - 1369 56 Street, Delta.

Recently Sold Listing 405 - 1369 56 Street, Delta, BC


R2345008 - 405 - 1369 56 Street, Delta, BC, CANADAI have just recently sold this listing at 405 - 1369 56 Street, Delta.

New Listing 405 - 1369 56 Street, Delta, BC


R2345008 - 405 - 1369 56 Street, Delta, BC, CANADAView my new listing for sale SOLD at 405 - 1369 56 Street, Delta and currently listed at $419,900.SOLD

Windsor Woods! PENTHOUSE! Don't delay viewing this spacious 1 bedroom, 1 bath 807 sq.ft. top floor condo overlooking the lagoon and waterfall. RELAX on the west facing balcony, ENJOY evenings by the cozy gas fireplace and CHECK the features-- Vaulted ceilings, spacious kitchen, lots of closets, secure underground parking and LOCATION, next door is only steps to Tsawwassen shopping, amenities, golf course, ocean walks and public transportation. Great value in today's market at $419,900.