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I have listed a new property at 407 370 CARRALL ST in Vancouver.
Top floor 1 bedroom suite at 21 DOORS in Gastown. Boutique building substantially rebuilt by the award-winning Salient Group...
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Please visit our Open House at 407 370 CARRALL ST in Vancouver.
Open House on Saturday, December 9, 2017 2:00PM - 4:00PM
Top floor 1 bedroom suite at 21 DOORS in Gastown. Boutique building...
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Please visit our Open House at 407 370 CARRALL ST in Vancouver.
Open House on Sunday, December 10, 2017 1:00PM - 3:00PM
Top floor 1 bedroom suite at 21 DOORS in Gastown. Boutique building...
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Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November...

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Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per cent increase from the 2,253 sales recorded in September 2016, and a 7.3 per cent decrease compared to August 2017 when 3,043 homes sold.

Last month’s sales were 13.1 per cent above the 10-year September sales average.

“Our detached homes market is balanced today, while apartment and townhome sales remain in sellers’ market territory,” Jill Oudil, REBGV president said. “If you’re looking to enter the market, as either a buyer or seller, it’s important to understand these trends and use this information to set realistic expectations.”

There were 5,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2017. This represents a 12 per cent increase compared to the 4,799 homes listed in September 2016 and a 26.6 per cent increase compared to August 2017 when 4,245 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,466, a 1.2 per cent increase compared to September 2016 (9,354) and a 7.5 per cent increase compared to August 2017 (8,807).

“Detached homes made up 30 per cent of all sales in September and represented 62 per cent of all the homes listed for sale on the MLS®,” said Oudil. “This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.”

For all property types, the sales-to-active listings ratio for September 2017 is 29.8 per cent. By property type, the ratio is 14.6 per cent for detached homes, 42.3 per cent for townhomes, and 60.4 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,037,300. This represents a 10.9 per cent increase over September 2016 and a 0.7 per cent increase compared to August 2017.

Sales of detached properties in September 2017 reached 852, a 27.9 per cent increase from the sales recorded in September 2016 (666), a decrease of 33 per cent from September 2015 (1,272), and a decrease of 32.9 per cent from September 2014 (1,270). The benchmark price for detached properties is $1,617,300. This represents a 2.9 per cent increase from September 2016 and a 0.1 per cent increase compared to August 2017.

Sales of apartment properties reached 1,451 in September 2017, a 19.1 per cent increase compared from the sales recorded in September 2016 (1,218), a 5.1 per cent decrease from September 2015 (1,529), and a 22.1 per cent increase from September 2014 (1,188). The benchmark price of an apartment property is $635,800. This represents a 21.7 per cent increase from September 2016 and a 1.4 per cent increase compared to August 2017.

Attached property sales in September 2017 totalled 518, a 40.4 per cent increase compared to the sales recorded in September 2016 (369), a 4.8 per cent decrease from September 2015 (544), and an 11.6 per cent increase from September 2014 (464). The benchmark price of an attached home is $786,600. This represents a 14.5 per cent increase from September 2016 and a 1.1 per cent increase compared to August 2017.

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Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold.

Last month’s sales were 19.6 per cent above the 10-year August sales average.

“First-time home buyers have led a surge this summer in demand in our condominium and townhome markets,” Jill Oudil, REBGV president said. “Homes priced between $350,000 and $750,000 have been subject to intense competition and multiple offers across the region.”

There were 4,245 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2017. This represents a 1.1 per cent decrease compared to the 4,293 homes listed in August 2016 and a 19.2 per cent decrease compared to July 2017 when 5,256 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,807, a 3.5 per cent increase compared to August 2016 (8,506) and a 4.2 per cent decrease compared to July 2017 (9,194).

For all property types, the sales-to-active listings ratio for August 2017 is 34.6 per cent. By property type, the ratio is 16.3 per cent for detached homes, 44.8 per cent for townhomes, and 76.3 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Conditions in our detached home market are distinct today from the dynamic in our condominium and townhome markets,” Oudil said. “Detached homes have entered a balanced market. This means there’s less upward pressure on prices and that buyers have more selection to choose from and more time to make their decisions.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,029,700. This represents a 9.4 per cent increase over August 2016 and a one per cent increase compared to July 2017.

Sales of detached properties in August 2017 reached 901, a 26 per cent increase from the 715 detached sales recorded in August 2016. The benchmark price for detached properties is $1,615,100. This represents a 2.2 per cent increase from August 2016 and a 0.2 per cent increase compared to July 2017.

Sales of apartment properties reached 1,613 in August 2017, a 20.1 per cent increase compared to the 1,343 sales in August 2016. The benchmark price of an apartment property is $626,800. This represents a 19.4 per cent increase from August 2016 and a 1.7 per cent increase compared to July 2017.

Attached property sales in August 2017 totalled 529, a 22.7 per cent increase compared to the 431 sales in August 2016. The benchmark price of an attached unit is $778,300. This represents a 12.8 per cent increase from August 2016 and a 1.9 per cent increase compared to July 2017.

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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016,...

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I have sold a property at 1606 1189 MELVILLE ST in Vancouver.
1 bedroom + flex at THE MELVILLE in Coal Harbour. S/W facing 710 SF corner home offers concrete construction, city views &...
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I have listed a new property at 1606 1189 MELVILLE ST in Vancouver.
1 bedroom + flex at THE MELVILLE in Coal Harbour. S/W facing 710 SF corner home offers concrete construction, city views...
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Please visit our Open House at 1606 1189 MELVILLE ST in Vancouver.
Open House on Saturday, July 22, 2017 2:00PM - 4:00PM
1 bedroom + flex at THE MELVILLE in Coal Harbour. S/W facing 710...
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Please visit our Open House at 1606 1189 MELVILLE ST in Vancouver.
Open House on Sunday, July 23, 2017 2:00PM - 4:00PM
1 bedroom + flex at THE MELVILLE in Coal Harbour. S/W facing 710 SF...
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I have sold a property at 401 1006 BEACH AVE in Vancouver.
UNBEATABLE WATERFRONT LOCATION - BEACH DISTRICT neighborhood! 2 bed + 2 bath WEST facing private corner unit with a covered patio....
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The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June...

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I have listed a new property at 401 1006 BEACH AVE in Vancouver.
UNBEATABLE WATERFRONT LOCATION - BEACH DISTRICT neighborhood! 2 bed + 2 bath WEST facing private corner unit with a covered...
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Please visit our Open House at 401 1006 BEACH AVE in Vancouver.
Open House on Saturday, July 1, 2017 2:00PM - 4:00PM
UNBEATABLE WATERFRONT LOCATION - BEACH DISTRICT neighborhood! 2 bed...
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Please visit our Open House at 401 1006 BEACH AVE in Vancouver.
Open House on Sunday, July 2, 2017 2:00PM - 4:00PM
UNBEATABLE WATERFRONT LOCATION - BEACH DISTRICT neighborhood! 2 bed +...
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I have sold a property at 1363 8TH AVE W in Vancouver.
The PERFECT TOWNHOME! Located in FULLY RAINSCREENED Fairview Village steps to Granville Island. This 2-bdrm, 3-bath, 1123 sf, 2-level...
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I have sold a property at 503 BEACH CRES in Vancouver.
This remarkable reno'd & sophisticated townhome is like living in a 2,700 sf house with the convenience of being a few steps from...
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I have sold a property at PH12 2150 HASTINGS ST E in Vancouver.
A Huge Private Roof Top Deck & 360 Degree Views of Water, Downtown, & Northshore Mountains awaits your attention!...
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I have sold a property at 61 18199 70 AVE in Surrey.
Beautiful and bright end unit in Augusta that feels like a house with a private, treed & south facing yard directly off main living...
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