Vancouver Realty Online

The Real Estate Board of Greater Vancouver presents the Greater Vancouver March 2011 statistics package including monthly sales and listing data plus long-run price and sales figures.

Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 per cent increase compared to the 3,097 sales recorded in February 2011, an increase of 30.1 per cent compared to the 3,137 sales in March 2010 and an 80.1 per cent increase from the 2,265 home sales in March 2009. The all-time sales record for March occurred in 2004 when 4,371 transactions were recorded.

“Our market has had a very strong start to the spring season,” Rosario Setticasi, REBGV president said. “With home sales above 4,000 and nearly 7,000 home listings added to the MLS® in March, it’s clear that home buyers and sellers view this as a good time to be active in their local housing market.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,797 in March 2011. This represents a 3 per cent decline compared to March 2010 when 7,004 properties were listed for sale on the MLS®, an all-time record for March. Compared to February 2011, last month’s new listings total registered a 19.4 per cent increase. At, 13,110, the total number of residential property listings on the MLS® increased 9.9 per cent in March compared to last
month and declined 3 per cent from this time last year.

“Conditions favour sellers at the moment, but we’re seeing differences in home-price trends and overall activity depending on the region and property type,” Setticasi said.

Please click HERE for the full report.

Vancouver Realty Online presents our featured Agent’s Open House list for April 1st….

# 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) : Friday, April 1st from 10am – 12pm.

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

Vancouver Realty Online presents…

# 1309 1420 W Georgia St. (Downtown)

Great price and location makes this an ideal invesment property or pied-a-terre. Close to world-class shopping on Robson St., Stanley Park, Coal Harbour and the business district. This 1 bdrm (large insuite storage can be used as a den) is in immaculate, move-in condition. Great exercise centre and bike storage.

Price : $359,000
Bedrooms : 1
Bathrooms : 1
Year Built : 2002

Click HERE for more information.

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from March 1st – March 8th courtesy susankeevil.com…

Downtown Attached Market Update March 1st – March 8th :

Attached supply downtown surged ahead this week after remaining relatively static for two consecutive weeks previously; we saw 177 new attached listings this week in the downtown neighbourhoods (up from 131 new attached listings last week), which equated to 63% of the aggregate 281 new attached listings across Vancouver West (up from 255 new attached listings previously).  The downtown neighbourhoods moved ahead of the Westside areas on the supply-side again this week after a fairly even-split previously, with the dens downtown core areas (including Yaletown, Gastown, and downtown proper) accounted for a large ratio of the new supply numbers.  We saw 103 new attached listings in the downtown core neighbourhoods (up from 67 new attached listings last week), which accounted for 58% of all listing activity downtown.  Coal Harbour fell back this week after making supply gains last week, with 16 new attached listings (down from 23 new attached listings last week), well False Creek North again remained stable with 15 new attached listings (the same listing volume we saw last week).  Sellers of attached property downtown have moved to meet a renewed demand we’ve seen building since the onset of 2011, and with the plethora of new supply we expect conditions to move towards equilibrium as buyers demand for new property is met by a flurry of new listing activity.  Keep in mind, however; that Spring is a traditionally popular period for sellers, so the new listing effect may be impacted positively by the time of year as well.

Please click HERE for the full article.