Vancouver Realty Online

Vancouver Realty Online presents the May 2011 Vancouver Market Report from Inman News. We’re especially proud of our own Susan Keevil‘s contributions to the article!

Housing prices climb to global heights for latest Olympics host

Greater Vancouver housing sales cooled off in April after moving at a red-hot pace the previous two months.

Canada’s third-largest metropolitan area saw residential sales of single-family detached, attached and condominium properties decline 21 percent to 3,225 year-over-year, according to the latest report from the Real Estate Board of Greater Vancouver. Sales were off 8.2 percent from March. The board attributed the April sales decline to a slowdown in condo sales.

The board’s benchmark Housing Price Index for all residential properties rose to $622,991 in April, up 5 percent from $593,419. The benchmark represents the sales price of a typical property within the market and is considered a more accurate reflection of prices.

A sales spurt of multimillion-dollar homes in some parts of Vancouver skewed the average sales price of a home nationally, pushing it up to $372,544 in April, according to the Canadian Real Estate Association.

Please click HERE for the full article!

“Vancouver topped the list of the world’s most liveable cities for the fifth straight year, while Melbourne claimed second place from Vienna and Australian and Canadian cities dominated the list’s top 10 spots.”

In the annual survey by the Economist Intelligence Unit, the Canadian west coast city and 2010 Winter Olympics host scored 98 percent on a combination of stability, health care, culture and environment, education, and infrastructure — a score unchanged from last year.

It has topped the list from 2007.

Although Melbourne pipped the Austrian capital for silver medal, there was no other major change near the top of the list of 140 cities worldwide. Auckland, New Zealand, came in 10th.

“Mid-sized cities in developed countries with relatively low population densities tend to score well by having all the cultural and infrastructural benefits on offer with fewer problems related to crime or congestion,” said Jon Copestake, editor of the report, in a statement.

Please click HERE to see the full Reuters results.

The Real Estate Board of Greater Vancouver presents the Greater Vancouver March 2010 statistics package including monthly sales and listing data plus long-run price and sales figures.

The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and
apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase
compared to March 2009 when 4,385 new units were listed, and a 52.1 per cent increase compared to February
2010 when 4,606 properties were listed on the Multiple Listing Service® (MLS®).

At 13,538, the total number of property listings on the Multiple Listing Service (MLS®) increased 19 per cent
in March compared to last month, but remains 7.6 per cent below this time last year.
“The total number of homes listed for sale on our MLS® is at its highest level in 10 months, which translates
into more options and variety for those looking to buy during the traditionally busy spring period,” Jake Moldowan,
REBGV president said.

Please click HERE for the full report.

Vancouver Realty Online is proud to present the susankeevil.com weekly attached and detached property updates for the week running from November 23 – December 30.

Attached Report:

Vancouver West as a whole saw a notable decline in both listing and sales activity this past week with 163 new attached listings compared to 214 new listings in the previous period.  Despite the decline the Westside neighbourhoods remained relatively stable (with the downtown neighbourhoods accounting for much of the fall); as on the Westside we saw 55 new attached listing this week; a slight drop from the 59 in the previous period.

Please click HERE for the full report.

Detached Report

in the Westside detached market continued to tighten this past week with a second consecutive period of decreases.  There cotninues to be a lack of suply in the Kitsilano area, and little has been introduced to the market recently to satiate the demand in the Point Grey, Cambie, and Dunbar neighbourhoods.  This past week we saw the lowest amount of new listings since early 2009 with 23 new detached listings (down from 39 the previous week) on the Westside as all neighbourhoods remained in single digits as far as new listings were concenred.

Please click HERE for the full report.