Vancouver Realty Online

Vancouver Realty Online is proud to present (courtesy of coalharbourscondos.com and susankeevil.com) the Coal Harbour Quarterly report for quarter 2 2010. The report features a building-by-building activity tracker, up-to-date news releases from the Real Estate Board of Greater Vancouver and more!

“Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witnessed in June 2008, a period of recession as we all know,” Jake Moldowan, REBGV president said.

“We didn’t experience any record-breaking activity in June, but we did see a stable summer market,” said Moldowan. “The number of new listings coming on the market is not as dramatic as we saw over the previous three months and demand remains at a healthy level for this traditionally quieter time of year”.

Premier Market Share RE/MAX Market Share Graph 2010

In large part, our community minded top producers providing industry leadership, experience and excellent customer service under a respected company banner add up to leading market share. RE/MAX dominates virtually every market in Canada, in terms of market share. On average, RE/MAX outsells the competition 3-1 across Canada. RE/MAX on average is growing at an even faster pace supported by over 30 years of brand name development, referral services, promotional support and other benefits that today are an integral part of the RE/MAX network of over 118,500 Sales Associates in about 6,300 offices in 63 countries worldwide. RE/MAX has the network to provide the best real estate experience throughout the world.

Please click HERE to view the most recent market share figures courtesy for RE/MAX Select Properties. If you have any questions about RE/MAX and it’s services or agents please get in touch with Susan at (604)970-3658 or via email at susan@susankeevil.com.

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.

If you’ve been following our weekly stats over the last month, none of the conclusions here should come as much of a surprise to you. Decreased overall supply, combined with competitive financing driven demand increases have led to a much tighter market across Greater Vancouver. The downtown markets have seen a notable increase in sales volume, and listing inventory has also began to increase. Attached property on the Westside also continued to improve with detached property to follow in the next 2-3 months.

VANCOUVER, B.C. – May 4, 2009 – With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state.

For the sixth consecutive month, new listings for detached, attached and apartment properties declined in Greater Vancouver, down 33.7 per cent to 4,649 in April 2009 compared to April 2008, when 7,010 new units were listed. The total number of property listings on the Multiple Listing Service® (MLS®), while slightly down compared to last month, remains unchanged compared to the same period in 2008.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,963 in April 2009, a decline of eight per cent from the 3,218 sales recorded in April 2008, and an increase of 31 per cent compared to last month.

“We’re seeing greater balance in the housing market, as evidenced by a strong sales to active listings ratio of over 19 per cent,” Scott Russell, REBGV president said. “The result is a relatively stable market in which homes are being realistically priced.

“The bridge between buyer demand and housing supply is continuing to narrow, which, as we see, helps bring stability to home prices,” he said. “The trends in our housing market over the last couple of months offer a much more comfortable, historically normal set of conditions.”

Sales of detached properties declined eight per cent to 1,190 from the 1,293 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 12.2 per cent from April 2008 to $675,268.

Sales of apartment properties in April 2009 declined 10.5 per cent to 1,179, compared to 1,317 sales in April 2008. The benchmark price of an apartment property declined 12.6 per cent from April 2008 to $340,203.

Attached property sales in April 2009 are down 2.3 per cent to 594, compared with the 608 sales in April 2008. The benchmark price of an attached unit decreased 9.7 per cent between April 2008 and 2009 to $431,759.

Bright spots in Greater Vancouver in April 2009 compared to April 2008:

Detached:

Vancouver West                                 up 59.5 per cent (193 units sold from 121)

Attached:

Port Coquitlam                                    up 69.6 per cent (39 units sold from 23)

Richmond                                           up 17.9 per cent (132 units sold from 112)

Vancouver West                                 up 46.3 per cent (98 units sold from 67)

Apartments:

North Vancouver                                up 29.2 per cent (84 units sold from 65)