Tim & Sharon Rohwer

Blog › February 2021

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 102 - 2091 Vine Street, Vancouver, BC


R2545419 - 102 - 2091 Vine Street, Vancouver, BC, CANADAView my new listing for sale at 102 - 2091 Vine Street, Vancouver and currently listed at $789,000.

Looking for a home in the heart of Kitsilano with sunny outdoor space! 5 minute walk to Kitsilano Beach. this beautiful spacious 2-bed & 1.5 bath home has a fantastic patio/garden (262sq/ft). The open layout has gleaming floors, freshly painted walls & bright kitchen. Master bedroom features beautifully renovated ensuite with modern black hardware & 2 piece waterfall shower. Guest bedroom has custom-built California closets murphy bed/wardrobe. 2nd bathroom fully renovated. Unit has 3 private exterior entrances-like townhome. The patio is perfect to sip your coffee, use as an outdoor workspace, enjoy with friends, or plant a vegetable garden. 1 minute walk to grocery stores, charming cafes & restaurants. In-suite laundry, underground parking & storage locker. Pets & rentals welcome

Recently Sold Listing 10 - 8747 162 Street, Surrey, BC


R2540720 - 10 - 8747 162 Street, Surrey, BC, CANADAI have just recently sold this listing at 10 - 8747 162 Street, Surrey.

New Listing 10 - 8747 162 Street, Surrey, BC


R2540720 - 10 - 8747 162 Street, Surrey, BC, CANADAView my new listing for sale SOLD at 10 - 8747 162 Street, Surrey and currently listed at $639,800.SOLD

POPULAR FLEETWOOD GROVE! This custom 1372 sf townhouse features 3 bedrooms, 3 baths of quality living space. The designer kitchen has quartz countertops, stainless steel sinks and appliances, large dining area leads to deck, living room has a cozy electric fireplace. Upstairs you will discover 3 bedrooms & 2 full baths. Lower level Tandem garage. This home shows like brand new... just move in & enjoy. Note the extremely reasonable strata fees and taxes. Walking distance to both levels of schools.

Recently Sold Listing 12677 98 Avenue, Surrey, BC


R2537483 - 12677 98 Avenue, Surrey, BC, CANADAI have just recently sold this listing at 12677 98 Avenue, Surrey.

New Listing 12677 98 Avenue, Surrey, BC


R2537483 - 12677 98 Avenue, Surrey, BC, CANADAView my new listing for sale SOLD at 12677 98 Avenue, Surrey and currently listed at $899,900.SOLD

INVEST OR BUILD!!! Situated on a quiet street in a Great Neighborhood and surrounded by well kept homes, this meticulously maintained 1,924 sf family home features 4 bedrooms / 2 baths on a beautiful private garden 7277 sf lot. Main floor features hardwood floors, spacious kitchen and dining area, wood fireplace in living room, 2 bedrooms, On the lower level you will discover a walkout basement with large family room/gas fireplace, 2 bedrooms and huge laundry. Exterior Deck overlooks mature gardens with a work shop below for the handyman. Great investment for the first time home buyer or building your future dream home.