Tim & Sharon Rohwer

Blog › June 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 5375 Bentley Crescent, Delta, BC


R2382976 - 5375 Bentley Crescent, Delta, BC, CANADAView my new listing for sale at 5375 Bentley Crescent, Delta and currently listed at $1,129,000.

NEED MORE FAMILY SPACE? This spacious 4 bedroom 3,068 sf family home will be a perfect fit. Located in desirable Victory South neighbourhood, this home has great curb appeal with underground services, quiet street with park behind and close proximity to all Ladner amenities. Take time to check out the space, eat-in kitchen, separate dining room, family room, living room plus spacious bedrooms & a huge games room above the garage. Features hardwood floors throughout, large main bedroom has walk-in closet, double garage. Expansive wood deck and outdoor living area for summer entertaining. ROOM FOR ALL!

New Listing 4450 Spanton Drive, Delta, BC


R2382909 - 4450 Spanton Drive, Delta, BC, CANADAView my new listing for sale at 4450 Spanton Drive, Delta and currently listed at $949,900.

Sought after Spanton Drive! Lovely 4 bedroom Backsplit Home on a large 8342 sf east facing lot in a desirable location, steps to DSS High School and French Immersion Ladner Elementary. This home features an updated kitchen, and bathrooms, a master ensuite having a huge walk in shower, a cozy gas fireplace, family room, rec room, 4 bedrooms and gorgeous treed yard.,

New Listing 4482 46B Street, Delta, BC


R2380300 - 4482 46B Street, Delta, BC, CANADAView my new listing for sale at 4482 46B Street, Delta and currently listed at $969,000.

PERFECTION!! Don't miss out on this "Perfect" home. Features family living, separate in-law suite, huge workshop and private sunny gardens in a "10 out of 10" location. This move in condition home has 3 spacious bdrms up and a separate 1 bedroom deluxe suite. The detached workshop is wired and insulated for the handyman (new roof). Private manicured gardens, covered deck and a like new hot tub to enjoy year round outdoor living. Perfect location on quiet street close to schools and shopping in Historical Ladner. Room for Family & In laws too!!

See the Pixilink 360° Virtual Tour for this listing