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July 3, 2014

The Greater Vancouver housing market enters the summer season with home buyer activity on the rise.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,406 on the Multiple Listing Service® (MLS®) in June 2014. This represents a 28.9 per cent increase compared to the 2,642 sales recorded in June 2013, and a 3.7 per cent increase compared to the 3,286 sales in May 2014.

Last month’s sales were 0.6 per cent above the 10-year sales average for June of 3,386.

“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray Harris, REBGV president said.

The sales-to-active-listings ratio currently sits at 21.3 per cent in Greater Vancouver, which is the highest this measure has been since June 2011.

“Over the last three years, we’ve seen changes in demand yet home prices at the regional level have remained relative stability,” Harris said. “While these numbers provide high level trends, it’s important to know that changes in prices always vary depending on neighbourhood and property type. Consult your local REALTOR® for information on trends in your area of choice.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $628,200. This represents a 4.4 per cent increase compared to June 2013.



 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,339 in June. This represents a 9.5 per cent increase compared to the 4,874 new listings in June 2013 and a 10.1 per cent decline from the 5,936 new listings in May. Last month’s new listing count was 2.6 per cent below the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system in Greater Vancouver is 16,011, a 7.4 per cent decline compared to June 2013 and a 0.4 per cent decrease compared to May 2014.

Sales of detached properties in June 2014 reached 1,462, an increase of 32.7 per cent from the 1,102 detached sales recorded in June 2013, and a 58.7 per cent increase from the 921 units sold in June 2012. The benchmark price for detached properties increased 6.2 per cent from June 2013 to $976,700.

Sales of apartment properties reached 1,308 in June 2014, an increase of 22.5 per cent compared to the 1,068 sales in June 2013, and a 27.5 per cent increase compared to the 1,026 sales in June 2012. The benchmark price of an apartment property increased 2.4 per cent from June 2013 to $378,000.

Attached property sales in June 2014 totalled 636, a 34.7 per cent increase compared to the 472 sales in June 2013, and a 53.3 per cent increase over the 415 attached properties sold in June 2012. The benchmark price of an attached unit increased 3.1 per cent between June 2013 and 2014 to $471,200.

Download the complete stats package by clicking here.


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Menu Just Announced for Campagna Farm Dinner
Wednesday, April 2 @ 6:30 p.m.

Tickets: 604.602.9570 or robert@cibotrattoria.ca


Join General Manager & Wine Director Robert Stelmachuk and Executive Chef Faizal Kassam as they welcome Campagna Farm’s Sandra and Leonardo Zambrano for this very special five-course menu and wine pairings.




Located in Abbotsford, BC, Campagna is Cibo's very own 280-acre farm which purposefully and responsibly raises cattle for our menu. Campagna’s herd is fed a proprietary blend of all-natural hay and grain as well as red wine for a minimum of 30 days, resulting in a product that marries the authentic flavour of beef with the trademark tenderness of veal.


- MENU -

 

Aperitivo
balsamic spritzer
Campagna Crudo
bone marrow custard, truffle, chives, sunchoke chips
Bertani ‘Sereole’ Soave 2009, Veneto
Hunter-style Braised Beef
house-made pappardelle, horseradish crème fraîche, pecorino brillo
Tenuta Argentiera Bolgheri ‘Poggio ai Ginepri’ 2010, Tuscany
Slow Roasted Prime Rib
celery root, cipollini onion, crispy smoked marrow, natural jus
Cantina di Santadi 'Shardana' Valli di Porto Pino IGT 2008, Sardinia
Blood Orange Panna Cotta
wine soaked berries, brown butter crumble
Damilano Moscato d’Asti DOCG, Piedmont


Tickets to the one-night-only event are $99 per person, plus tax and gratuity, and may be purchased by calling 604.602.9570 or emailing robert@cibotrattoria.ca. Seating is limited.


Our mailing address is:

 

Cibo Trattoria

900 Seymour St.

Vancouver, BC V6B 3L9

Canada

 

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Cibo Trattoria |  Breakfast 7 a.m. to 11 a.m. Mon - Fri; Brunch 7 a.m. to 2 p.m. Sat - Sun; Lunch 11:30 a.m. to 2 p.m. Mon - Fri; Dinner from 5 p.m. Mon - Sun | 604.602.9570 | cibotrattoria.ca | @CiboTrattoria
UVA Wine Bar | Mon - Sat 8 a.m. – 2 a.m.; Sun 8 a.m. – 12 a.m. | 604.632.9560 | uvawinebar.ca | @UVAVancouver
Copyright © 2014 Cibo Trattoria, All rights reserved.

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