Market Update Spring 2012 for The Quay New Westminster.


New West Quay Market is open and the boardwalk is busy. Great new restaurant ‘Wild Rice’ which features modern chinese cuisine. Pier Park also offically opens June 16th with a grand opening party.
New West Station Mall is coming to life! Safeway, Shoppers, Landmark Cinemas, CIBC, and A&W are all open for your shopping enjoyment.
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 2 Sold
Average Sale Price: $338,800
Average Price per Square Foot: $349
Average Days on the Market: 29
Condos: 50 Sold
Average Sale Price: $351,000
Average Price per Square Foot: $349
Average Days on the Market: 35
Highest Sold Townhome: $347,000
Highest Sold Condo: $480,900
If you are thinking of making a move in New Westminster Quay please give us a call
Click here for more information about the New West Station Mall ‘The Plaza’.

Increased selection helps maintain market balance in GVRD for March 2012

VANCOUVER, B.C. –April 3, 2012- Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase compared to the 2,545 sales recorded in February 2012, a decline of 29.6 per cent compared to the 4,080 sales in March
2011 and an 8.4 per cent decline compared to the 3,137 home sales in March 2010. March sales in Greater Vancouver were the second lowest total for the month in the region since 2002 and were 16.8 per cent below the 10-year sales average for the month.
FOR FULL STATS PACKAGE CLICK ON THE LINK BELOW:
March Real Estate Board Stats

Stability and regional ‘hot spots’ characterize January housing market

VANCOUVER, B.C. – February 2, 2011 – The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.
The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January.
“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). “We’re seeing strong sellers’ market conditions in areas like Richmond and the west side of Vancouver.”
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price of detached homes increased 22.6 per cent in Richmond and 12.2 per cent in Vancouver West. In comparison, detached home prices across the region increased 2.7 per cent over the same period.
“When you’re looking to buy or sell a home, it’s important to familiarize yourself with the wider trends in the market. It’s equally important to seek out knowledge of your local area so you understand current market conditions in your neighbourhood,”
Moldowan said Looking across the region, the REBGV reports that residential property sales in Greater Vancouver reached 1,819 on the MLS® in January 2011. This represents a 4.2 per cent decline compared to the 1,899 sales recorded in December 2010, a decrease of 5.4 per cent compared to the 1,923 sales in January 2010 and a 138.7 per cent increase from the 762 home sales in January 2009.
Click on the link below for full Stats Package:
rebgv-stats-package-january-2011