Metro Vancouver housing market characterized by modest home sale and price increases in 2013.
The Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.
“Home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade,” Sandra Wyant, REBGV president said.
Last year’s home sale total ranks as the third lowest annual total for the region in the last ten years, according to the region’s Multiple Listing Service® (MLS®). The number of residential properties listed for sale on the MLS® in Metro Vancouver declined 6.2 per cent in 2013 to 54,742 compared to the 58,379 properties listed in 2012. Looking back further, last year’s total represents an 8.1 per cent decline compared to the 59,539 residential properties listed for sale in 2011. Last year’s listing count is on par with the 10 year average. Click Here for the Full Article Click Here for the Full Stats Package
The Queens Park neighbourhood in New Westminster is a quiet historical area with lots of greenspace and close to shops, schools, and parks. Queens Park: This Park is one of the oldest in BC with great amenities and sports facilities this is a great area to live in especially for families. For more info on the history of Queens Park and its great facilities Click Here. 6th St: At the corner of 6th Ave and 6th St is a bustling core full of great shops, restaurants, cafes, and the New Westminster Public Library. New Westminster Public Library Walkscore neighbourhood Royal City Centre Yelp Restaurants & Shops Queens Park Meat Market : This little butchers shop has been at the corner of 4th Ave & 2nd St for 94 years and its patrons always have excellent reviews for Peter and his shop. Queens Park Meat Market on Yelp. Market Update: 11 Listed Average list price: $1,162,000 Lowest list price: $785,000 Highest list price: $1,195,000 for 8 Bed/5 Bath 5,600 ft² 122 year old home. 21 Sales Average sale: $1,162,000 Lowest sale: $560,000 Highest sale: $1,190,000 for 4 Bed/3 Bath 3,872 ft² 76 year old home.
So far September is following the Summer as a Buyers Market which means Sellers must be aware of current prices and have a great realtor who can price your home so it doesn’t sit on the Market for too long but you still get a great sale. Taking time to prepare your home for a sale can be the perfect step towards selling quickly. Whether you are just updating paint and the overall style or you are upgrading appliances, carpet, and more sometimes all it takes is that little extra effort. For some great ideas on getting your home ‘Sale Ready’ Click Here! If you have any questions about the current Market and getting your home Sale Ready give James a call! New Westminster: 140 New Listings (33 Homes, 21 Townhomes, 73 Condos) 26 Sales Avg Sale to List ratio: 1 to 5 Burnaby: 47 New Listings (9 Homes, 3 Townhomes, 33 Condos) 7 Sales Avg Sale to List ratio: 1 to 7 Real Estate Board of Greater Vancouver Sept 2012 Update