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!

Courtesy of Coal Harbour’s Condos, Vancouver Realty Online is proud to present the Coal Harbour Quarterly Report for Quarter 1 2011. This report features building specific sale and listing information as well as real estate board economic and market activity reporting!

Sales of apartment properties reached 1,622 in March 2011, a 29.6 per cent increase compared to the 1,252 sales in March 2010 and an increase of 66.2 per cent compared to the 976 sales in March 2009. The benchmark price of an apartment property increased 2.1 per cent from March 2010 to $403.885.

Attached property sales in March 2011 totaled 663, a 20.8 per cent increase compared to the 549 sales in March 2010 and a 69.1 per cent increase from the 392 attached properties sold in March 2009.

The benchmark price of an attached unit increased 3.6 per cent between March 2010 and 2011 to $511,039.

Please click HERE to view the Quarterly Report in it’s entirety via Adobe PDF!

And please head over to susankeevil.com and coalharbourscondos.com for neighbourhood specific information and listings!

The Real Estate Board of Greater Vancouver presents the Greater Vancouver April 2011 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 residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,512 sales in April 2010 and a 21 per cent decline compared to the 4,080 sales in March 2011.

Looking back further, last month’s residential sales represent an 8.8 per cent increase over the 2,963 residential sales in April 2009, relatively unchanged compared to April 2008, and a 4.8 per cent decline compared to the 3,387 sales in April 2007.

“While it continues to be a seller’s market in Greater Vancouver, last month’s activity brought greater balance between supply and demand in the overall marketplace,” Rosario Setticasi, REBGV president said. “The year-over-year decline in April sales can be attributed to a less active condominium market on our MLS®, as there were more detached and townhome sales this April compared to last year.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,847 in April 2011. This represents a 23.5 per cent decline compared to April 2010 when 7,648 properties were listed for sale on the MLS®, which was an all-time record for April. Compared to March 2011, last month’s new listings total registered a 14 per cent decline.

At 14,187, the total number of residential property listings on the MLS® increased 8.2 per cent in April compared to last month and declined 10 per cent from this time last year.

“There’s considerable variation in activity within the communities in our region. This is causing home price trends to differ depending on the area,” Setticasi said. “Your local REALTOR® is a valuable resource for obtaining the most accurate, up-to-date market evaluation.”

Please click HERE for the full report.

Vancouver Realty Online presents our featured Agent’s Open House list for April 10th….

# 1309 1420 W Georgia St. (GEORGE) – Coal Harbour Open House
List Price : $359,000
Bedrooms : 1
Bathrooms : 1
Square Footage : 533
Tax : $1332 (2010)
MLS # : V877288
Agent Open(s) : Sunday, April 10th from 2pm – 4pm

Come by and say ‘hello’ to the Vancouver Realty Online team.