Tim & Sharon Rohwer

Blog › April 2022

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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Recently Sold Listing 4316 49 Street, Delta, BC


R2682551 - 4316 49 Street, Delta, BC, CANADAI have just recently sold this listing at 4316 49 Street, Delta.

New Listing 4316 49 Street, Delta, BC


R2682551 - 4316 49 Street, Delta, BC, CANADAView my new listing for sale SOLD at 4316 49 Street, Delta and currently listed at $1,449,800.SOLD

Amazing private location! The 2 level home backs on fields and located next to Ladner Elementary & Cromie Park. This 1881 sq ft 4 bedroom, 2 bath home features an updated open kitchen w granite counters, a separate eating area, newer windows, furnace and hot water tank. Soak up the sun in your south-east exposed yard with NO NEIGHBOURS behind you. The low maintenance 7017 sq ft yard & gardens have a gate access to the fields! but the best part is this quiet friendly neighbourhood. Walk to Sacred Heart, Ladner Elementary (French Immersion!), Delta Secondary or shopping and restaurants in 'the Village'! Make your private appointment today.

Recently Sold Listing 103 - 7660 Minoru Boulevard, Richmond, BC


R2676186 - 103 - 7660 Minoru Boulevard, Richmond, BC, CANADAI have just recently sold this listing at 103 - 7660 Minoru Boulevard, Richmond.

New Listing 103 - 7660 Minoru Boulevard, Richmond, BC


R2676186 - 103 - 7660 Minoru Boulevard, Richmond, BC, CANADAView my new listing for sale SOLD at 103 - 7660 Minoru Boulevard, Richmond and currently listed at $849,900.SOLD

BENTLEY WYND.... this spacious 1585 sf rancher style condo meets the criteria for the couple with an active lifestyle. Check out the 2 balconies, formal dining and living room with cozy gas fireplace , bonus family room and eating area off gourmet kitchen , 2 bedrooms, 2 baths (huge ensuite), 9 ft ceilings Great for entertaining! Brand new boiler system, large laundry room and two parking spots. Outdoor pool for summer fun plus clubhouse. Meets LOCATION, LOCATION, LOCATION as just steps from Richmond Centre!!

Recently Sold Listing 1 - 4292 Wolf Way, Delta, BC


R2673817 - 1 - 4292 Wolf Way, Delta, BC, CANADAI have just recently sold this listing at 1 - 4292 Wolf Way, Delta.

New Listing 1 - 4292 Wolf Way, Delta, BC


R2673817 - 1 - 4292 Wolf Way, Delta, BC, CANADAView my new listing for sale SOLD at 1 - 4292 Wolf Way, Delta and currently listed at $899,900.SOLD

Welcome to #1 4292 Wolf Way. #1 for a reason! This 3 bedroom, 3 bathroom end unit home has the largest floorplan at a spacious 1557sf, and the largest double wide wrap around yard, a super bright open plan with many side windows. Too many features too list: quartz kitchen with huge island, modern appliances, a/c, on demand hot water, partial mountain and ocean views, a double tandem garage plus an additional outdoor space. The Beach House Rec facility offers many things to you and your family: room to stretch out, a venue to host celebrations, an oasis for your staycation. Like resort living with the gym, yoga studio, office, party room, playroom and outdoor pool. Bonus: this home even has an option to add a legal room on the lower floor.

Recently Sold Listing 701 - 1581 Foster Street, White Rock, BC


R2673326 - 701 - 1581 Foster Street, White Rock, BC, CANADAI have just recently sold this listing at 701 - 1581 Foster Street, White Rock.

New Listing 701 - 1581 Foster Street, White Rock, BC


R2673326 - 701 - 1581 Foster Street, White Rock, BC, CANADAView my new listing for sale SOLD at 701 - 1581 Foster Street, White Rock and currently listed at $849,000.SOLD

GORGEOUS,1242 Sq ft NINE FOOT CEILINGS CORNER UNIT in the sought after Sussex Building! Move-in ready with seventh floor view of the OCEAN and MT. BAKER! 2 Beds & 2 Full Baths, a wide-open layout, office nook & in-suite storage room! Fantastic natural light floods the entire home! Beautifully updated with engineered hardwood floors, fresh paint, updated appliances & more! Enjoy a stunning Southeast view of the mountains & ocean from oversized windows or your large balcony! Your luxury Master Suite fits large furniture, has a walk-in-closet & a spacious 5 pc en-suite. Bonus 2PARKING SPOTS! Well managed Non-smoking strata allows 1 pet, has a gym, guest suite & meeting room! this home is super quiet & central to all White Rock has to offer: Beach, groceries, restaurants, shops & transit.