Enter your email address:

Delivered by FeedBurner

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.


copyright© real estate board of greater vancouver. all rights reserved.

Follow us on Facebook and Twitter.


Post CommentComments: 0Read Full Story

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

 

Add us to your address book

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.

Post CommentComments: 0Read Full Story
 

In association with Kitsilano 4th Avenue Business Association

1857 West 4th Avenue

OCTOBER 1 TO 13 - It's the return of the West Side's favourite food & drink celebration - West 4th's FEAST OF 4TH restaurant & foodie promotion - Running October 1 to 13, 2013 (two weekends).
Come savour the one-of-a-kind EXPERIENCES of dining, food and drink on West 4th.
Everyday between October 1 and 13, your West 4th BIA will be spotlighting daily special foodie events on West 4th featuring your favourite restaurants and specialty food & beverage purveyors - price-fixe dinners, intimate ticketed group dinners and special pairing menus, tastings, tours and more highlighting the magnificent quality in the collection of West 4th's foodie offerings.
Here are just some of the great experiences, events and meals you'll find on West 4th (UPDATED DAILY):
TUESDAY, OCTOBER 1
Romer’s Burger Bar – Russell Brewery Brewmaster’s Dinner; 7pm, $29
The August Jack - Unibroue Brewmaster’s Dinner; 7pm, $50
O5 Tea – Jason DaSilva Movie Shorts Night; 7pm, Free + Tea
Trattoria – Pasta Tuesday: all signature pastas $11; all-day
Burgoo – Jazz Night at Burgoo; 7-9pm
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
WEDNESDAY, OCTOBER 2
The August Jack - Unibroue Brewmaster’s Dinner; 7pm, $50
Trattoria – Wine Wednesday, all bottled wine 50% Off
O5 Tea – Games Night: bring your favourite game to play; 7pm, Free + Tea
The BiBo Pizzeria Cucina - Madness Wednesday: 1 pasta + 1 pizza + 1 dessert; $35, lunch & dinner
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
THURSDAY, OCTOBER 3
Tangoo Nights Kitsilano – 3 courses, three restos, 1 price featuring O5 Tea, Trattoria & The Bimini; 6:30pm, tix $50 available now at
tangoo.ca
The August Jack - Unibroue Brewmaster’s Dinner; 7pm, $50
O5 Tea – Date Night: bring a date for free treats & chocolate demos; 6:30pm, Free + Tea
The BiBo Pizzeria Cucina - Sagra del Vino: our entire wine list is 50% OFF at lunch & dinner
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
FRIDAY, OCTOBER 4
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
SATURDAY, OCTOBER 5
Chowmenow.com $5 – Feast for $5: lunchtime deals street-wide for $5; 11am-3pm
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
SUNDAY, OCTOBER 6
Vancouver Foodster Tasting Plates Kitsilano - Tantalize your taste buds with a multi-resto tasting extravaganza; 4pm-9pm, $40 (before 10/1); $50 (after 10/1) – tix at:
tastingplatesyvr.com
Fable - Sunday Night 3-Course Family-style Dinner - 2 appetizers, a big family style main course to share, plus a family style dessert; after 5pm; $40
Trattoria – Pizza Sunday, all your favourite forno-baked pizzas just $10; all-day
Las Margaritas - 3-Course Traditional Mexican Dinner Oct 1-13; daily, $16.50
Tractor - Stews & Booze: 1 stew, 1 salad, + 1 boozy bevvy (big beer or 9oz wine) Oct 1-13; daily, $19.50
Pepitas - October 1-13: 3-Course Traditionales Feast; daily, $20
Sushi Bella - October 1-13: Pint of Sapporo + Yam & Prawn tempura (2pcs each) OR Calamari OR Chicken Karrage; daily, $9
August Jack - $1 Oysters all night Sunday, from 5pm.

Post CommentComments: 0Read Full Story

Balanced conditions provide a stable backdrop for today’s home buyers and sellers


The Greater Vancouver housing market continues to maintain a relative balance between the number of homes for sale and the number of people looking to purchase a home in the region today.

 

    

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,642 on the Multiple Listing Service® (MLS®) in June 2013. This represents an 11.9 per cent increase compared to the 2,362 sales recorded in June 2012, and an 8.3 per cent decline compared to the 2,882 sales in May 2013.

Last month’s sales were 22.2 per cent below the 10-year sales average for the month, while new listings for the month were 11.5 percent below the 10-year average.

“As the term suggests, a balanced market means that many of the key housing market indicators, such as price, are stable and conditions therefore don’t tilt in favour of buyers or sellers,” Sandra Wyant, REBGV president said. “If you plan to enter the market today, identify your needs, consult your REALTOR® and work to build a ‘win-win’ scenario with the people on the other side of the sale.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,874 in June. This represents a 13.2 per cent decline compared to the 5,617 new listings reported in June 2012 and a 13.8 per cent decline from the 5,656 new listings in May of this year.

 


 

Get all the MLS listings you want while in the area you want. Just click on the Smartphone:

 

 


 

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,289, a 6 per cent decrease compared to June 2012 and a 0.4 per cent increase compared to May 2013.

The sales-to-active-listings ratio currently sits at 15 per cent in Greater Vancouver. This is the fourth straight month that this ratio has been at or above 15 per cent.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 3 per cent compared to this time last year and an increase of 2.3 per cent compared to January 2013.

Sales of detached properties reached 1,102 in June 2013, an increase of 19.7 per cent from the 921 detached sales recorded in June 2012, and a 25.1 per cent decrease from the 1,471 units sold in June 2011. The benchmark price for detached properties decreased 4.3 per cent from June 2012 to $919,900.

Sales of apartment properties reached 1,068 in June 2013, an increase of 4.1 per cent compared to the 1,026 sales in June 2012, and a decrease of 15.6 per cent compared to the 1,266 sales in June 2011. The benchmark price of an apartment property decreased 1.9 per cent from June 2012 to $369,100.

Attached property sales in June 2013 totalled 472, an increase of 13.7 per cent compared to the 415 sales in June 2012, and a 10.1 per cent decrease from the 525 attached properties sold in June 2011. The benchmark price of an attached unit decreased 2.4 per cent between June 2012 and 2013 to $457,000.

Download June 2013 statistics here.

 

The real estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in the Board’s area generating $1.07 billion in economic spin-off activity and creating an estimated 7,125 jobs.  The total dollar value of residential sales transacted throughout the MLS® system in Greater Vancouver totalled $18.6 billion in 2012. The Real Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact you local REALTOR®.      

 

Post CommentComments: 0Read Full Story

Home sale activity improves but remains below historical averages

 

Wednesday, April 3, 2013

 

Vancouver, BC - Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase compared to the 1,797 sales in February 2013.

Last month’s sales were the second lowest March total in the region since 2001 and 30.2 per cent below the 10-year sales average for the month.

“While home sales were below what’s typical for March, we are seeing more balance between the number of sales and listings on the market in the last two months, which is having a stabilizing impact on home prices,” Sandra Wyant, REBGV president said.

The sales-to-active-listings ratio currently sits at 15.2 per cent in Greater Vancouver, a three per cent increase from last month. This is the first time this ratio has been above 15 per cent since May 2012.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,839 in March. This represents a 17.2 per cent decline compared to the 5,843 new listings reported in March 2012 and a 0.1 per cent increase from the 4,833 new listings in February of this year. Last month’s new listing count was 14.4 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® in Greater Vancouver is 15,460, a 1.5 per cent increase compared to March 2012 and a 4.5 per cent increase compared to February 2013.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $593,100. This represents a decline of 3.9 per cent compared to this time last year and an increase of 0.9 per cent compared to January 2013.

 

Sales of detached properties reached 933 in March 2013, a decrease of 21.1 per cent from the 1,183 detached sales recorded in March 2012, and a 48 per cent decrease from the 1,795 units sold in March 2011. The benchmark price for detached properties decreased 5 per cent from March 2012 to $906,900.

Sales of apartment properties reached 982 in March 2013, a decline of 17.5 per cent compared to the 1,191 sales in March 2012, and a decrease of 39.5 per cent compared to the 1,622 sales in March 2011. The benchmark price of an apartment property decreased 3.3 per cent from March 2012 to $362,100.

Attached property sales in March 2013 totalled 432, a decline of 13.6 per cent compared to the 500 sales in March 2012, and a 34.8 per cent decrease from the 663 attached properties sold in March 2011. The benchmark price of an attached unit decreased 2.5 per cent between March 2012 and 2013 to $454,300.

April 1 marked the return of the GST and PST tax structure in the province. From a real estate perspective, it’s important to remember that:
   • sales tax on a new home is reduced to 5 per cent GST plus 2 per cent BC Transition Tax (total 7 per cent) from 12 per
     cent under the HST; and
   • tax on real estate commissions has been reduced to 5 per cent from 12 per cent under the HST.

These reduced tax rates apply to transactions payable on or after April 1.

March 2013 Statistics Package
Post CommentComments: 0Read Full Story

Home sales continue at below average pace

Vancouver HudsonHomeTeam

 

VANCOUVER, BC - Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013. This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012, and a 33 per cent increase compared to the 1,351 sales in January 2012.

Last month’s sales were the second lowest February total in the region since 2001 and 30.9 per cent below the 10-year sales average for the month.

“Sales in February followed recent trends and were below seasonal averages, though our members tell us they saw more traffic at open houses last month compared to the previous six to eight months, said Eugen Klein, REBGV president.

The sales-to-active-listings ratio currently sits at 12.2 per cent in Greater Vancouver, a two per cent increase from last month. This is the first time this ratio has been above 11 per cent since June 2012.

“With a two-point increase in our sales to active listings ratio and a reduction in the average number of days it’s taking to sell a home, February showed some subtle indications of a changing sentiment in the marketplace compared to recent months,” Klein said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,833 in February. This represents a 13 per cent decline compared to the 5,552 new listings reported in February 2012 and a 5.8 per cent decline from the 5,128 new listings in January. Last month’s new listing count was 4 per cent higher than the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the Greater Vancouver MLS® is 14,789, a 5.2 per cent increase compared to February 2012 and an 11.6 per cent increase compared to January 2013.

 

google-map-search

 

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.6 per cent to $590,400. This represents a 3.3 per cent decline compared to this time last year.

Sales of detached properties in February 2013 reached 704, a decrease of 36.1 per cent from the 1,101 detached sales recorded in February 2012, and a 49.8 per cent decrease from the 1,402 units sold in February 2011. The benchmark price for detached properties decreased 4.5 per cent from February 2012 to $901,500. Since reaching a peak in May 2012, the benchmark price of a detached property has declined 6.8 per cent.

Sales of apartment properties reached 760 in February 2013, a decline of 25.5 per cent compared to the 1,020 sales in February 2012, and a decrease of 37 per cent compared to the 1,206 sales in February 2011. The benchmark price of an apartment property decreased 3 per cent from February 2012 to $360,400. Since reaching a peak in May 2012, the benchmark price of an apartment property has declined 5.1 per cent.

Attached property sales in February 2013 totalled 333, a decline of 21.5 per cent compared to the 424 sales in February 2012, and a 31.9 per cent decrease from the 489 attached properties sold in February 2011. The benchmark price of an attached unit decreased 0.7 per cent between February 2012 and 2013 to $455,500. Since reaching a peak in April 2012, the benchmark price of an attached property has declined 6.5 per cent.

Full Real Estate Package HERE

 

Post CommentComments: 0Read Full Story

 

Learn how to use e-valueBC to compare your property assessment to other assessments in your neighbourhood, or, anywhere in British Columbia.

 

 

How to Access your Property Assessment

 

For more information contact us: Info@HudsonHomeTeam.com

Post CommentComments: 1Read Full Story

Here’s a great Opportunity!

 

 

Property Bros

Post CommentComments: 0Read Full Story

Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.

East Van

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.

November sales were 30.3 per cent below the 10-year November sales average of 2,420.

“Home sellers appear more inclined to remove their properties from the market today rather than lower prices to sell their properties. On the other hand, buyers appear to be expecting prices to moderate,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 2,758 in November. This represents a 14.4 per cent decline compared to November 2011 when 3,222 properties were listed for sale on the MLS® and a 36.2 per cent decline compared to the 4,323 new listings in October 2012.

New listings were 12.9 per cent below the 10-year November average of 3,168.

At 15,689, the total number of residential property listings on the MLS® increased 13 per cent from this time last year and declined 9.7 per cent compared to October 2012. Total listings in the region have declined by nearly 3,000 properties since reaching a peak of 18,493 in June.

The region’s sales-to-active-listings ratio was unchanged from October at 11 per cent.

“Home prices in Greater Vancouver have generally declined between three and five and a half per cent, depending on property type, since reaching a peak six months ago,” Klein said. “Changes in home prices vary per municipality and neighbourhood. It’s good to check local market statistics with your REALTOR®.”

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 4.5 per cent to $596,900. This represents a 1.7 per cent decline when we compared to this time last year.

Sales of detached properties in Greater Vancouver reached 629 in November, a decrease of 31.3 per cent from the 916 detached sales recorded in November 2011, and a 40.1 per cent decrease from the 1,050 units sold in November 2010. Since reaching a peak in May, the benchmark price for a detached property in Greater Vancouver has declined 5.5 per cent to $914,500.

Sales of apartment properties reached 750 in November 2012, a 25 per cent decrease compared to the 1,000 sales in November 2011, and a decrease of 28.7 per cent compared to the 1,052 sales in November 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 3.9 per cent to $364,900.

Attached property sales in November 2012 totalled 307, a 30.9 per cent decrease compared to the 444 sales in November 2011, and a 24.6 per cent decrease from the 407 attached properties sold in November 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 3.6 per cent to $454,300.

Feature Facts:

  • Of the 15,689 homes currently for sale on the MLS® in Greater Vancouver, 49.6 per cent are listed for $600,000 or less. Of those, 1,321 are detached properties, 5,039 are condominiums and 1,419 are townhomes.
  • Of the 1,686 homes that sold in Greater Vancouver in November, 273 (16%) sold for $1 million or more.

Download the complete stats package by clicking here. 

 

Post CommentComments: 0Read Full Story

VANCOUVER, B.C. – October 2, 2012 – The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.

 

(click on image for full statistics package)

 

HudsonHomeTeam.com
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.
September sales were 41.6 per cent below the 10-year September sales average of 2,597.
“There’s been a clear reduction in buyer demand in the three months since the federal government eliminated the availability of a 30-year amortization on government-insured mortgages,” Eugen Klein, REBGV president said. “This makes homes less affordable for the people of the region.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,321 in September. This represents a 6.3 per cent decline compared to September 2011 when 5,680 properties were listed for sale on the MLS® and a 31.6 per cent increase compared to the 4,044 new listings in August 2012.
At 18,350, the total number of residential property listings on the MLS® increased 14.1 per cent from this time last year and increased 4.5 per cent compared to August 2012.
“Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.
The MLS HPI® composite benchmark price for all residential properties in Greater Vancouver is $606,100.
This represents a decline of 0.8 per cent compared to this time last year and a decline of 2.3 per cent over last three months.
“Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have had some of the largest price increases over the last year or two,” Klein said.

 

HudsonHomeTeam.com


Sales of detached properties on the MLS® in September 2012 reached 594, a decrease of 37.9 per cent from the 957 detached sales recorded in September 2011, and a 31.4 per cent decrease from the 866 units sold in September 2010. The benchmark price for detached properties decreased 0.5 per cent from September 2011 to $935,600.
Sales of apartment properties reached 676 in September 2012, a 26.7 per cent decrease compared to the 922 sales in September 2011, and a decrease of 30.4 per cent compared to the 971 sales in September 2010. The benchmark price of an apartment property decreased 0.7 per cent from September 2011 to $368,600.
Attached property sales in September 2012 totalled 246, a 33 per cent decrease compared to the 367 sales in September 2011, and a 35.8 per cent decrease from the 383 attached properties sold in September 2010. The benchmark price of an attached unit decreased 2.7 per cent between September 2011 and 2012 to $458,600.

 

Click here for full stats package

Post CommentComments: 0Read Full Story
Categories