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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45 Bedard Cr., Port Moody

Video Blog Tour – 45 Bedard Cr., Port Moody

Outstanding home, cozy & well kept, situated on a HUGE private lot on a quiet friendly street in Port Moody’s sought-after College Park area.  In walking distance to 3 levels of schooling, or a short bus ride to the West Coast Express or Lougheed skytrain.  Fully renovated in 2002 with screened vinyl windows, gas fireplace, hardwood floors & wooden cabinets. Newer updates include: metal roof (2 years old), rear shed (with electricity & phone services) & rear fence.  Backing onto a peaceful ravine, enjoy the tranquil setting of nature surrounded by mature trees, countless flowers, plants & plum trees.  Don’t be deceived by the size – it’s well laid out with plenty of storage space in the shed & crawl space.  Great for entertaining with French doors off the kitchen leading on to a large private deck. A must see!