Greater Vancouver housing market favoured buyers in June

Wednesday, July 4, 2012

VANCOUVER,BC – The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.
June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484.
“Overall conditions have trended in favour of buyers in our marketplace in recent months,” Eugen Klein, REBGV president said. “This means buyers are facing less competition and have more selection to choose from compared to earlier in the year.”
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Market Update for Queens Park New Westminster- June 2012

Queens Park Market Update January 1 – June 6 2012
11 Detached Houses have been sold, average sale price is $866,000 with an average days on market at 30.
Highest sale for 2012 so far is $1.19 million dollars for a 3870 sq foot home just off of 3rd St. Price per sq foot on this property was $606/sq ft.
Queens Park is a wonderful neighbourhood, close to schools, shops, and of course Queens Park which is celebrating its 125th birthday June 13th.
Queens Park was established in 1887 during the jubliee year of Queen Victoria who is great-great-grandmother to a certain royal celbrating her Jubilee year as well… Queens Park is steeped with interesting and exciting history from her role in World War 1, to famous park visits from The Prince of Wales and Winston Churchill.
For more information about Queens Park : Amenities, neighbourhood, and History click here.

#117- 836 12th St New Westminster London Place Condos (Moody Park)

LONDON PLACE – Spacious 1 bed/1bath corner unit w/ 2 patios! Completely renovated throughout inluding new flooring, moulding, paint, and light fixtures. 2 great patios (Kitchen patio faces south with river views & Living Room patio facing east with great light.) as well as renovated kitchen with all new appliances, counters, tile backsplash, and cabinets. Bathroom includes all new jacuzzi tub, tile toilet, mirror, vanity, and sink. Suite has in-suite storage (den) as well as storage locker and 1 parking stall.
15 min walk to Moody Park, Royal City Shopping Centre, restaurants, and more.
For complete listing click here.
MLS Feature Sheet 117 836 12th St