Real Estate Advisor with Engel & Völkers Vancouver, Canada

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September 2018 Housing Market Update for Real Estate Board of Greater Vancouver


View the latest update and stats on real estate market in Vancouver.

september 2018 housing market update   real estate board of greater vancouver



MAJOR $200k Price Reduction In Heart of Burnaby!


Catch this great property now at a MAJOR $200K reduced price in excellent neighbourhood.

https://www.stanleyrealty.ca/r2301921-6602-delwood-court

6602 delwood   price reduction



Latest GG Magazines Now Available


Catch the latest GG Magazines now available online at www.ggmagazine.ca

gg magazine cover 09 1118 b



Recently Sold Listing 109 - 5011 Springs Boulevard, Tsawwassen, BC


R2274372 - 109 - 5011 Springs Boulevard, Tsawwassen, BC, CANADAI have just recently sold this listing at 109 - 5011 Springs Boulevard, Tsawwassen.

Happy Thanksgiving to all!


Happy Thanksgiving to all my awesome clients, very thankful for you trusting me with such a important decision as selling or buying a home!

Thanks to all! https://www.stanleyrealty.ca/testimonials

happy thanksgiving from stanleyrealty engel volkers vancouver ladner tsawwassen delta burnaby



Vancouver Housing Demand Drops Like A Rock, And Prices Are Now Falling


If current trends continue, all the housing in Greater Vancouver will be in a “buyer’s market” within a few months. By Daniel Tencer

It's safe to say Vancouver real estate has entered a new era, and it's nothing like the old one. After a dismal summer, things appear to be headed for an even worse autumn.

The city's sales slump deepened in September, with home resales dropping by 17.3 per cent from August, and down 43.5 per cent from the same month a year earlier, new data released Tuesday shows.

With unsold listings piling up, the supply of homes for sale is spiking, putting downward pressure on prices, which are now falling all categories, and in most areas of British Columbia's Lower Mainland.

"Metro Vancouver's housing market has changed pace compared to the last few years," Real Estate Board of Greater Vancouver (REBGV) president-elect Ashley Smith said in a statement.

"Our townhome and apartment markets are sitting in balanced market territory and our detached home market remains in a clear buyers' market."

But townhomes and condos may not remain in "balanced territory" for long. The sales-to-active-listings ratio a closely watched measure of market balance has dropped precipitously for both housing types since the start of the year.

There are now only 14 townhomes selling every month for every 100 available, down from around 35 per 100 in the early months of the year. For condos, sales have dropped to 17.6 per 100, from around 60 per 100 at the start of the year.

housing market drops

 

The REBGV considers any level below 12 to be a "buyer's market," and any level above 20 a "seller's market."

With eight sales per 100 available homes, detached houses have been in a "buyer's market" for some time. But if current trends continue for just a few more months, all the residential real estate in Greater Vancouver will be in a "buyer's market."

Read More ...

 



Housing market continues to cool in Metro Vancouver: Real Estate Board


globalnews

The Real Estate Board of Greater Vancouver says the supply of homes across Metro Vancouver continued to increase in September, while buyer demand remained below typical levels for this time of year.

READ MORE: Vancouver company offering people way to buy a “piece” of the hot housing market

The number of homes sold fell 17 per cent from August and was down 43.5 per cent from the same month a year ago.

The composite benchmark price of a home was just over $1 million, a three per cent decrease over the past three months but up 2.2 per cent from September of 2017.

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” the board’s president-elect, Ashley Smith, said.

READ MORE: Rental task force recommends B.C. government change allowable rent increase



New Listing 5037 Maple Street, Vancouver, BC


R2307252 - 5037 Maple Street, Vancouver, BC, CANADAView my new listing for sale at 5037 Maple Street, Vancouver and currently listed at $6,999,000.

Panoramic views of the North Shore Mountains, Downtown, and Burrard Inlet from almost every room in this four bedroom contemporary home situated high on the hill overlooking the Arbutus Greenway. The private main floor features an attached two car garage with direct access to the home, once inside an open floor plan offers breathtaking views and access to multiple outdoor spaces. The large main-level master suite features a separate sitting room, spacious walk-through closet with luxurious ensuite and is easily accessed from the large principal rooms of the main floor. This home is one of only a handful of properties in this prestigious neighbourhood offering views of this calibre and is located near Vancouver's top schools. OPEN HOUSE: Thursday, Oct 18th 5:00pm to 7:00pm.

New Listing 6602 Delwood Court, Burnaby, BC


R2301921 - 6602 Delwood Court, Burnaby, BC, CANADAView my new listing for sale at 6602 Delwood Court, Burnaby and currently listed at $1,399,000.

MAJOR PRICE REDUCTION BY $200K - PRICED TO SELL! Prime cul-de-sac location neighbouring Sumas Park. Walking distance to schools, shops, recreation, transit & more. This 4 bedroom split level home with 2 kitchen levels on each level is perfect for investors or a large family. 6 year old roof, well maintained, beautiful sun room, plus deck and lovely outdoor space. This property is ideal for investors wanting to generate a long term income, or for a family looking for a home on a quiet family orientated cul-de-sac near to many amenities and transit. A few blocks to the sky train, and walking distance to many amenities. Fabulous location!

May 2018 Housing Market Update for Real Estate Board of Greater Vancouver


View the latest update and stats on real estate market in Vancouver.

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