Blog

 

 

You have until January 31,2014 to appeal your assessment if you disagree...want some help ? Call or email us! We are always here to help you with all your Real Estate needs.  info@VancouverHomeTeam.ca

Post CommentComments: 0Read Full Story

Post CommentComments: 0Read Full Story

Post CommentComments: 0Read Full Story

 

CALL US at 778-997-0175 & WE' LL COME BY TO PICK-UP & DELIVER YOUR CLOTHES DONATION! 

Post CommentComments: 0Read Full Story

 DOG Friendly Event This Saturday 1-4pm in Vancouver !

 

Come on down and join Pat Little and her 2 gorgeous Cocker Spaniels   "Bailey" & "Bentley"

 "I would love to give back to the WEST COAST COCKER RESCUE, so if you or your family and friends are thinking of buying or selling, I would be more than happy to assist you and at the same time donate 10% of my commission to this wonderful cause" -Pat


 

Post CommentComments: 0Read Full Story

Just in from the Real Estate Board of Greater Vancouver ...

Some Current Key Points

  • Sales below the 10 year average
  • Balanced Sales- to-Listing Ratio
  • May Greater Vancouver MLS® listings a 2.9% increase from April 
  • May Sales of detached homes up 2.7% from May 2012
  • The MLS® Home Price Index composite benchmark price for detached up 1.8% from Jan 2013
  • May Condos sales up 3.3% from May 2012
  • May Condo Benchmark price down 3.2% from May 2012


    VANCOUVER, B.C. – June 4, 2013 – While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

    The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.

    Last month’s sales were 19.4 per cent below the 10-year sales average for the month, while new listings for the month were 7.4 percent below the 10-year average.

    “We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to-listings ratio. This is having a stabilizing influence on home price activity.”

    New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,656 in May. This represents an 18.3 per cent decline compared to the 6,927 new listings reported in May 2012 and a 3.7 per cent decline from the 5,876 new listings in April of this year.

    The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,222, a 3.4 per cent decrease compared to May 2012 and a 2.9 per cent increase compared to April 2013.

    The sales-to-active-listings ratio currently sits at 17 per cent in Greater Vancouver. This is the third straight month that this ratio has been above 15 per cent. Previous to this, May 2012 was the last time this ratio was above 15 per cent.

    The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $598,400. This represents a decline of 4.3 per cent compared to this time last year and an increase of 1.8 per cent compared to January 2013.

    Sales of detached properties reached 1,212 in May 2013, an increase of 2.7 per cent from the 1,180 detached sales recorded in May 2012, and a 22.8 per cent decrease from the 1,570 units sold in May 2011. The benchmark price for detached properties decreased 5.2 per cent from May 2012 to $917,200.

    Continued

    Sales of apartment properties reached 1,136 in May 2013, a decline of 1.7 per cent compared to the 1,156 sales in May 2012, and a decrease of 7.5 per cent compared to the 1,228 sales in May 2011. The benchmark price of an apartment property decreased 3.7 per cent from May 2012 to $365,600.

    Attached property sales in May 2013 totalled 534, an increase of 3.3 per cent compared to the 517 sales in May 2012, and a 7.8 per cent decrease from the 579 attached properties sold in May 2011. The benchmark price of an attached unit decreased 3.2 per cent between May 2012 and 2013 to $454,900.

    The real estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in

    the Boards 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 a local REALTOR® or visit www.rebgv.org. 


    If there are any questions regarding the vaule of your home and the market conditions specific to your location please give us a call Louise 604.358.1080 / Pat 604.803.1778  or Albert 778-997-0175 

    Special thanks to Jesse Lalime, Communication Coordinator of Real Estate Board of Greater Vancouver for the above info, it's always apprecated!


    For the full detailed report click here 


    Note* Our newest Client update for Stats in the Vancouver area will be available within the next 48 hours email: info@vancouverhometeam.ca to get on the list.

 

Post CommentComments: 0Read Full Story

The newest updated real estate market stats in your area ( March edition) has just been released. If you'd like to know what's happening in your own back yard, this is the best way to be informed...cut through the hype and deal with the facts available to you monthly courtesy of the Vancouver Home Team. Just give us a call 604.358.1080 or email us at info@vancouverhometeam.ca  and we'll send you our latest update- Louise

Post CommentComments: 0Read Full Story

The newest updated real estate market stats in your area ( March edition) has just been released. If you'd like to know what's happening in your own back yard, this is the best way to be informed...cut through the hype and deal with the facts available to you monthly courtesy of the Vancouver Home Team. Just give us a call 604.358.1080 or email us at info@vancouverhometeam.ca  and we'll send you our latest update- Louise


Post CommentComments: 0Read Full Story

If you'd like to know what's happening in your own back yard , this is the best way to be informed...cut through the hype and deal with the facts available to you monthly courtesy of the Vancouver Home Team just give us a call 604.358.1080 or email us at info@vancouverhometeam.ca - Louise

Post CommentComments: 0Read Full Story

 

Vancouver, BC  – 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.  

 
Post CommentComments: 0Read Full Story

 

Market SnapShot 

 

 

Connect with us

RE/MAX Crest Realty (Westside)
1428 West 7th Avenue
Vancouver, BC

"Service disponible en francais" 
 

 Louise Boutin  604.358.1080

Team Medallion Club Member 2012

Top 10 % Greater Vancouver Team Member Realtors 2012

RE/MAX Executive Club 2009 /10 /11 /12

Email: Louise@vancouverhometeam.ca

  

 

 

 Sibo Zhang 604.779.7992

Mandarin / Cantonese Specialist

Email: Sibo@vancouverhometeam.ca

 

  

 

 Albert Gilmer 778.997.0175

Property Management Specialist

Email: Albert@vancouverhometeam.ca

  

 

 Pat Little  604.803.1778

Unlicensed assistant

Email: Pat@vancouverhometeam.ca

  

 

 

 

 GPS Cell Search 

Click the phone below ..sign in once and your cell tracks listings all around you..where ever you are...when ever you want !

Newsletter Signup
*indicates required fields.
Email:*
Please type the text as it appears above:

Translate