Enter your email address:

Delivered by FeedBurner

 
Please visit our Open House at PH2 36 WATER ST in Vancouver.
Open House on Sunday, November 11, 2012 2:00 pm - 4:00 pm
Terminus sets a new standard in hip & historic Gastown. With views...
Read Full Story
Please visit our Open House at PH2 36 WATER ST in Vancouver.
OPEN HOUSE: NOV 10th & 11th 2:00 - 4:00 PM
Terminus sets a new standard in hip & historic Gastown. With views south,...
Read Full Story

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.

 

The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012. October sales were 28.5 per cent below the 10-year October sales average of 2,700.

 

“Buyer demand increased slightly in October compared to the previous few months,” Sandra Wyant, REBGV president-elect said. “Overall conditions in today’s market remain in favour of buyers, with low interest rates, more choice, and less time pressure in terms of decision-making. This translates into a calmer atmosphere for those looking to buy a home and it places more onus on sellers to ensure their homes are priced to compete in today’s marketplace.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,323 in October. This represents a 1.2 per cent decline compared to October 2011 when 4,374 properties were listed for sale on the MLS® and an 18.8 per cent decline compared to the 5,321 new listings in September 2012.

At 17,370, the total number of residential property listings on the MLS® increased 12 per cent from this time last year and declined 5.3 per cent compared to September 2012.

 

Since reaching a peak of $625,100 in May, the MLS Home Price Index® (MLS HPI®) composite benchmark price for all residential properties in Greater Vancouver declined 3.4 per cent to $603,800 in October. This represents a 0.8 per cent decline compared to last year.

 

“There’ve been modest price changes since they peaked in the spring. The largest reductions have occurred in the areas and property types that experienced the biggest price increases over the last few years,” Wyant said.

 

Since hitting a record high in April, the benchmark price of a detached home on the Westside of Vancouver has declined 8.6 per cent while detached homes in Richmond and West Vancouver have seen declines of 6 per cent over the same time period.

 

Sales of detached properties in Greater Vancouver reached 790 in October, a decrease of 18.9 per cent from the 974 detached sales recorded in October 2011, and a 19.1 per cent decrease from the 976 units sold in October 2010. Since reaching a peak in May, the benchmark price for a detached property in Greater Vancouver has declined 4.1 per cent to $927,500.

 

Sales of apartment properties reached 803 in October 2012, a 16.2 per cent decrease compared to the 958 sales in October 2011, and a decrease of 18.4 per cent compared to the 984 sales in October 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 2.9 per cent to $368,800.

 

Attached property sales in October 2012 totalled 338, an 11.5 per cent decrease compared to the 382 sales in October 2011, and a 10.3 per cent decrease from the 377 attached properties sold in October 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 2.9 per cent to $457,700.

Download the complete stats package by clicking here.
 

...
Post CommentComments: 0Read Full Story
Categories: Brookswood Langley, Langley Real Estate | Burke Mountain, Coquitlam Real Estate | CA Cambie, VW Vancouver West | Cambie, Vancouver West Real Estate | Central BN, Burnaby North | Central Lonsdale, North Vancouver Real Estate | Central Meadows, Pitt Meadows | Central Meadows, Pitt Meadows Real Estate | Clayton, Cloverdale Real Estate | Cloverdale BC, Cloverdale | Cloverdale BC, Cloverdale Real Estate | Coal Harbour, Vancouver West Real Estate | Collingwood VE, Vancouver East | Collingwood VE, Vancouver East Real Estate | Coquitlam West, Coquitlam | Coquitlam West, Coquitlam Real Estate | Downtown NW, New Westminster | Downtown VE, Vancouver East | Downtown VE, Vancouver East Real Estate | Downtown VE, Vancouver West Real Estate | Downtown VW | Downtown VW, Vancouver West | Downtown VW, Vancouver West Real Estate | DT Downtown, VW Vancouver West | East Newton, Surrey Real Estate | ED Edmonds, BU Burnaby | FA Fairview, VW Vancouver West | Facebook | Fairview - Hospital Area, Vancouver West | Fairview VW, Vancouver West Real Estate | False Creek North, Vancouver West | False Creek North, Vancouver West Real Estate | False Creek, Vancouver West Real Estate | Fleetwood Tynehead, Surrey Real Estate | Forest Glen BS, Burnaby South | Fraser VE, Vancouver East Real Estate | Fraserview NW, New Westminster | Fraserview NW, New Westminster Real Estate | Fraserview VE, Vancouver East | Fraserview VE, Vancouver East Real Estate | FV Fraserview, VE Vancouver East | GlenBrooke North, New Westminster | Grandview Surrey, South Surrey White Rock Real Estate | Grandview VE, Vancouver East Real Estate | Guildford, North Surrey | Guildford, North Surrey Real Estate | Hastings, Vancouver East Real Estate | HST Tax | iPhone | Kitsilano, Vancouver West | Kitsilano, Vancouver West Real Estate | Lower Lonsdale, North Vancouver Real Estate | Main, Vancouver East | Main, Vancouver East Real Estate | Maple Ridge | market trends | Marpole, Vancouver West Real Estate | Middlegate BS, Burnaby South | Morgan Creek, South Surrey White Rock Real Estate | Mount Pleasant VE, Vancouver East | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West | Mount Pleasant VW, Vancouver West Real Estate | My Real Page | New Horizons, Coquitlam Real Estate | North Shore Pt Moody, Port Moody Real Estate | Pemberton NV, North Vancouver Real Estate | Point Grey, Vancouver West | Point Grey, Vancouver West Real Estate | Port Moody | Port Moody Centre, Port Moody | Port Moody Centre, Port Moody Real Estate | Quay, New Westminster Real Estate | Queens Park, New Westminster | Queensborough, New Westminster | Real Estate Tax | Shaughnessy, Vancouver West Real Estate | Social Networking | Steveston South, Richmond Real Estate | Steveston Village, Richmond | Sullivan Station, Surrey | The Heights NW, New Westminster Real Estate | Twitter | Uptown NW, New Westminster | Uptown NW, New Westminster Real Estate | vancouver | Vancouver Real Estate | vancouver stats | Vancouver West | Vancouver West Real Estate | Victoria VE, Vancouver East Real Estate | West End VW, Vancouver West Real Estate | Westwood Plateau, Coquitlam | Westwood Plateau, Coquitlam Real Estate | White Rock, South Surrey White Rock | White Rock, White Rock & District | Willoughby Heights, Langley Real Estate | Yaletown, Vancouver West Real Estate | You Tube
Mobile Web App