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January 2013 REBGV Statistics Package

January home sales remain quiet

Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012. Continue reading

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December 2012 REBGV Statistics Package

Prices hold firm as home buyers and sellers conclude 2012
from the sidelines

VANCOUVER, B.C. – January 3, 2013 – The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2012 reached 25,032, a 22.7 per cent decline from the 32,387 sales recorded in 2011, and an 18.2 per cent decrease from the 30,595 residential sales in 2010. Last year’s home sale total was 25.7 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region. Continue reading

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November 2012 REBGV Statistics Package

Greater Vancouver residential property sale and listing activity below 10-year averages in November

Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.

November sales were 30.3 per cent below the 10-year November sales average of 2,420. Continue reading

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Tutorial: How to Set Up Private Client Services for Real Estate in Vancouver

Watch the below tutorial to learn how to set up your own self-managed Private Client Services Account!

Vancouver Real Estate Hub: Private Client Services Tutorial from Adam Scalena on Vimeo.

Research tools can save you time and money!

This is a tutorial to show you how to set up your own FREE Private Client Services account, available on our website: www.vancouverhomesteam.com

Why should you sign up for Private Client Services? Continue reading

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October 2012 REBGV Statistics Package

Housing market sees slight changes in October

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.

The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012.
October sales were 28.5 per cent below the 10-year October sales average of 2,700. Continue reading

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September 2012 REBGV Statistics Package

Conditions continue to favour buyers in the Greater Vancouver housing market

The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.

September sales were 41.6 per cent below the 10-year September sales average of 2,597. Continue reading

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August 2012 REBGV Statistics Package

Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market

Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.

August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711. Continue reading

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July 2012 REBGV Statistics Package

Greater Vancouver housing market hits summer lull

Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.

The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales. Continue reading

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Greater Vancouver housing market favoured buyers in June

Greater Vancouver housing market favoured buyers in June

VANCOUVER, B.C. – July 4, 2012 – 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.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,617 in June. This represents a 3 per cent decline compared to June 2011 when 5,793 properties were listed for sale on the MLS® and an 18.9 per cent decline compared to the 6,927 new listings reported in May 2012.

At 18,493, the total number of residential property listings on the MLS® increased 22 per cent from this time last year and increased 3.7 per cent compared to May 2012.

“Today, our sales-to-active-listings ratio sits at 13 per cent, which puts us in the lower end of a balanced market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.

The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 1.7% and declined 0.7% compared to last month.

Sales of detached properties on the MLS® in June 2012 reached 921, a decrease of 37.4 per cent from the 1,471 detached sales recorded in June 2011, and a 19.1 per cent decrease from the 1,139 units sold in June 2010. The benchmark price for detached properties increased 3.3 per cent from June 2011 to $961,600.

Sales of apartment properties reached 1,026 in June 2012, a 19 per cent decrease compared to the 1,266 sales in June 2011, and a decrease of 18.4 per cent compared to the 1,258 sales in June 2010. The benchmark price of an apartment property increased 0.3 per cent from June 2011 to $376,200.

Attached property sales in June 2012 totalled 415, a 21 per cent decrease compared to the 525 sales in June 2011, and a 27.8 per cent decrease from the 575 attached properties sold in June 2010. The benchmark price of an attached unit decreased 0.1 per cent between June 2011 and 2012 to $468,400.

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Spring activity remains balanced in the Greater Vancouver housing market

Spring activity remains balanced in the Greater Vancouver housing market

The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.

May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3,617. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April. Continue reading

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Greater Vancouver housing market maintains a steady spring pace

April 2012 REBGV Stats Package Mike Stewart

Greater Vancouver housing market maintains a steady spring pace

Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (MLS®) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012.

April sales were the lowest total for the month in the region since Continue reading

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Greater Vancouver at lower end of balanced housing market

Greater Vancouver at lower end of balanced housing market

VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years. Continue reading

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November 2011 REBGV Stats Package

The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attachedand apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This repre-sents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the2,317 sales recorded in October 2011. Continue reading

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8 Advantages of Buying a Condominium in Downtown Vancouver!

8 Advantages of Buying a Condominium in Downtown Vancouver!

8. Variation

A major benefit of purchasing a condo in downtown Vancouver is variation. Residential buildings fill the downtown core and, as a result, building options are almost limitless. You will be able to choose from a wide range of prices, locations, structures, sizes, developers, and architectural features.

7. Building Amenities

Consider how building amenities can benefit your lifestyle! Would you like to swim laps in the morning? Want to work out without a gym membership? Want to sit in the steam room after a long day? These are all possibilities with condo ownership.

6. Enhanced Security

If you travel for work or spend a lot of time away from home, Vancouver condo living might help put you at ease when it comes to protecting your personal property. Many condo buildings in downtown Vancouver are extremely secure, requiring a Key Fob (a building access device) to gain access to the building, elevators, amenities, and parking and common areas. In addition, many buildings will have a 24 hour concierge or security staff member onsite. Continue reading

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September 2011 REBGV Stats Package

Home listings continue to rise in the Greater Vancouver housing market

Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.
Continue reading

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10 Tips for Making Your Vancouver Condo Feel Larger

10 Tips for Making Your Vancouver Condo Feel Larger

Living in a condo in Vancouver can offer so many benefits, but one concern for many new condo owners is size. If you are moving into a condo from a single-family house or a townhouse, living in a smaller space might take some getting used to. There are, however, several effective ways to make your place feel and appear larger.

10. Make boundaries disappear

Try to visually erase boundaries in each room (corners, baseboards, moldings, etc.) by using a monochromatic colour scheme. Consider painting walls and ceilings similar shades and choose a hardwood or laminate floor that’s close in value.

9. Leave windows bare
Continue reading

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TIP #98. Use Effective Research Tools to Search for Properties in Vancouver

Use Effective Research Tools to Search for Properties in Vancouver

Once you’ve hired a REALTOR, ask them about the excellent tools and resources they provide. Not only can your REALTOR explain how the buying process works, they will also be able to offer you tips and tricks to make the process as efficient as possible.

Tools can save you time and money!

Web-based tools, like Private Client Services (PCS), will significantly limit the amount of time you spend in the early stages of your research. PCS, for instance, allows you to set and manage a specific search criterion and receive email updates when suitable listings hit the market! It’s also updated 32-76 hours before other real estate search engines, like Realtor.ca or MLS.ca, so you will usually have a head start on other buyers!
Continue reading

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Top 10 Reasons to Use a Buyer’s Agent in Vancouver

How can a Buyer’s Agent help YOU?

There are several reasons to use a Buyer’s Agent, but the most important reason is to have exclusive representation for the purchase of a property.

When buyers decide to use the Seller’s Agent for representation, they must realize that they are not being represented. To be clear: the Seller’s Agent represents the best interest of the seller, not the buyer.

When considering purchasing a property, Buyers should always use a Real Estate Agent to ensure that they are represented and protected. It’s also FREE! The Buyer’s Agent is paid from the commission charged to the Seller by the Seller’s Agent.

The Top 10 Reasons YOU Should Use a Buyer’s Agent

10. Education and Experience

Chances are that you may not know everything you need to know about real estate in Vancouver, so why not hire a professional that does! In the long run, by finding the right Buyer’s Agent (with the right expertise), you will save time, money, and frustration.

9. Neighbourhood and Product Knowledge

An important first step is to understand exactly what you want in a home. A Buyer’s Agent will help you narrow down a specific criteria to ensure your needs are met based on your budget, space requirements, and areas of interest.
Continue reading

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August 2011 REBGV Stats Package

Greater Vancouver home sales trend toward buyers’ market over summer

August marked the third consecutive month that home sale activity in Greater Vancouver
was below the 10-year average for the month. In contrast, home listing activity
in the region has exceeded the 10-year norm every month since the beginning of
the year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential
property sales of detached, attached and apartment properties on the region’s
Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents
an eight per cent increase compared to the 2,202 sales in August 2010, but also
ranks as the third lowest total for August in the last 10 years. Continue reading

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