Glen Murray's Move to Vancouver Real Estate Blog › August 2013

More info Call me at 604-220-4291 or Click here

Glen Murray Move To Vancouver

 

 

 

 

by Glen Murray Coldwell Banker Westburn Realty www.movetovancouver.com 
Find me on Google +

New Listing 303 - 345 Water Street, Vancouver, British Columbia

V1022649 - 303 - 345 Water Street, Vancouver, British Columbia, CANADAView my new listing for sale at 303 - 345 Water Street, Vancouver and currently listed at 429900.

Modern living in 1901 hertiage building in Gastown's best block. Award-winning designer Alda Pereira has created all 22 units. This 1-Bedroom has original refinished maple floors, brick feature walls, mobile translucent glass partitions, stainless steel appliances, stackable washer/dryer. Hi-speed (ADSL) internet wiring, stone counters and 11' ceilings. MOVE IN NOW.

July home sale activity increases in Greater Vancouver

 

More info Call me at 604-220-4291 or Click here

Glen Murray Coldwell Banker Westburn Realty ~ Vancouver Realtorby Glen Murray Coldwell Banker Westburn Realty www.movetovancouver.com 
Find me on Google +


July home sale activity increases in Greater Vancouver

July home sale activity increases in Greater Vancouver

Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service® (MLS®) in July 2013. This represents a 40.4 per cent increase compared to the 2,098 sales recorded in July 2012, and an 11.5 per cent increase compared to the 2,642 sales in June 2013.

Last month’s sales were 0.1 per cent above the 10-year sales average for the month.

“Demand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year,” Sandra Wyant, REBGV president said. 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July. This represents a 1.1 per cent increase compared to the 4,802 new listings reported in July 2012 and a 0.4 per cent decline from the 4,874 new listings in June of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,618, which is an 8.1 per cent decrease compared to July 2012 and a 3.9 per cent decline from June 2013.

The sales-to-active-listings ratio rose two and-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver. This is the highest this ratio has been in Greater Vancouver since April 2012.

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

“Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year,” Wyant said. “This stability in price brings greater certainty to the home buying and selling process.”

Sales of detached properties reached 1,249 in July 2013, an increase of 59 per cent from the 787 detached sales recorded in July 2012, and a 13.7 per cent increase from the 1,099 units sold in July 2011. The benchmark price for detached properties decreased 3.1 per cent from July 2012 to $920,500.

Sales of apartment properties reached 1,210 in July 2013, an increase of 31 per cent compared to the 927 sales in July 2012, and an increase of 16.3 per cent compared to the 1,040 sales in July 2011. The benchmark price of an apartment property decreased 1.6 per cent from July 2012 to $368,300.

Attached property sales in July 2013 totalled 487, an increase of 27 per cent compared to the 384 sales in July 2012, and a 12.7 per cent increase from the 432 attached properties sold in July 2011. The benchmark price of an attached unit decreased 2.6 per cent between July 2012 and 2013 to $456,700.