Tuesday, January 18, 2011 Review of Metro Vancouver Real Estate from 2000 to 2010by Agnes Pau (RE/MAX Sabre Realty Group) on Tue, Jan, 18, 2011 01:37 PM Real estate in the Metro Vancouver area has had quite a ride over the last 10 years. The Real Estate Board of Greater Vancouver has put out a video summarizing the Metro Vancouver real estate market from 2000 to 2010.
Some of the highlights are:
2003, 2005, 2007 recorded the most number of properties sold
In 2000, the buyers favored detached homes over condos. However, in 2004, more condos were sold compared to detached homes and that trend has continued into 2010 and will continue into the future.
Detached home prices increased 115% from $345,000 in 2001 to $742,000 in 2008
Condo prices increased 143% from $155,000 to $378,000 in 2008
Our market is 2008 was... Friday, January 14, 2011 MLS® Residential Sales Stats for BCby Agnes Pau (RE/MAX Sabre Realty Group) on Fri, Jan, 14, 2011 02:35 AM  The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 12 per cent to 74,640 units in 2010.
The annual average MLS® residential price rose 8.5 per cent to a record $505,178 in 2010.
"Tighter credit conditions and expended pent-up demand curbed home sales during the first half of 2010,” said Cameron Muir, BCREA Chief Economist. “However, low mortgage interest rates and improved economic conditions buoyed home sales in the latter half of the year.”
MLS® residential unit sales declined 40 per cent January through July before climbing 43 per cent by the end of the year, on a seasonally adjusted basis.
"The inventory of homes for sale... Friday, November 19, 2010 October 2010 Market Stats - Home Sales Remain Steady in Greater Vancouverby Agnes Pau (RE/MAX Sabre Realty Group) on Fri, Nov, 19, 2010 05:19 PM
VANCOUVER, BC - Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 4.6 per cent to $579,349 in October 2010 from $553,702 in October 2009. Since June, however, residential home prices in Greater Vancouver have remained relatively unchanged, declining 0.2 per cent.
“We’ve seen a lot more consistency and less volatility in recent months when it comes to both number of sales and pricing,... Thursday, June 17, 2010 HST and Real Estate in BCby Agnes Pau (RE/MAX Sabre Realty Group) on Thu, Jun, 17, 2010 01:07 AM On July 1st the Provincial Sales Tax (PST) will be eliminated. On that date, you’ll see the 7% B.C. rate join the 5% Goods and Services Tax (GST) to give us a total HST rate of 12%.
Here is a quick summary of how home purchases will be affected by the HST
There is no change for resale homes. There was never any GST nor PST payable for resale homes.
If you are buying a brand new home, you will receive a rebate of 71.43% of the provincial portion of the HST, up to a maximum rebate of $26,250. Purchasers of eligible new homes above $525,000 will be eligible for a rebate of $26,250.
The idea of the rebate is that the buyer will pay no more provincial HST than is currently embedded as PST in the... Monday, June 7, 2010 May 2010 Market Stats - Listings Up, Sales Downby Agnes Pau (RE/MAX Sabre Realty Group) on Mon, Jun, 7, 2010 12:04 PM The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
In terms of number of property listings, last month marked the third consecutive month during which more than 7,000 homes were listed for sale on the Multiple Listing Service (MLS®) in Greater Vancouver.
“Prospective home buyers in today’s market have a broad selection to choose from in every property type. REALTORS® are telling us they’re working with buyers who are not feeling as rushed to make a decision as they did late last year and earlier in the year,” Jake Moldowan, REBGV president said.
The market has leveled out. It is no longer a seller's market, but what is called... Wednesday, May 19, 2010 How an iPhone Can Help You Find Your Perfect Homeby Agnes Pau (RE/MAX Sabre Realty Group) on Wed, May, 19, 2010 04:34 PM If you are looking for a home and have an iPhone or Android phone then you'll love this app.
If you are driving looking at for sale signs this app will give you what homes are listed around you. It will give you the full listing information, let you email the listing, mark it as your favorite....and more.
Tuesday, May 11, 2010 April 2010 a Busy Market as Home Buyer and Seller Activity Increasesby Agnes Pau (RE/MAX Sabre Realty Group) on Tue, May, 11, 2010 02:36 PM April 2010 was the fifth highest selling April on record for the Real Estate Board of Greater Vancouver.
Sales were up 18.5% compared to April 2009; 9.1% compared to April 2008; and 3.7% compared to April 2007. Compared to last month, March 2010, sales were up 12%.
Here's video summary of the April 2010 market stats:
Saturday, April 10, 2010 New Listings Up 38.5% in March 2010 vs March 2009by Agnes Pau (RE/MAX Sabre Realty Group) on Sat, Apr, 10, 2010 02:48 PM This is the March 2010 Market Stats from the Greater Vancouver Real Estate Board
Thursday, February 4, 2010 January Sales Up 152% Compared to a Year Agoby Agnes Pau (RE/MAX Sabre Realty Group) on Thu, Feb, 4, 2010 10:59 PM Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.
In terms of historical perspective, January ranked as an average month for number of residential housing sales over the past decade, with higher sales in January 2002, 2003, 2004, and 2006.
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater... Monday, February 23, 2009 Return of the Multiple Offer?by Agnes Pau (RE/MAX Sabre Realty Group) on Mon, Feb, 23, 2009 06:29 PM I was just checking the latest listings and sales recorded today at the Real Estate Board. Lately it has been seeing how much less homes are selling for compared to their listing price. To my surprise today I noticed 2 sales in which the selling price exceeded the list price.
One is a home in Coquitlam. It sold in 11 days for $651,000....$1100 more than the list price of $649,900. The other property is a townhouse in Port Coquitam. It sold in 13 days for $400,000...$100 more than the list price of $399,900. Big deal you say?
Yes, it is. The market is supposed to be "slow", but this shows that the buyers are finally getting off the fence. When a property sells for more than the... Thursday, February 19, 2009 Market is Picking Upby Agnes Pau (RE/MAX Sabre Realty Group) on Thu, Feb, 19, 2009 10:47 AM Despite media stories to the contrary, the market is active. Of course, it's not crazy like it was, but the market is not dead like the media like to portray it to be.
Just yesterday, the President of the Real Estate Board of Greater Vancouver sent a message that this past January, the Board was seeing an average of 38 sales per day recorded in the area. With us being a little bit more than half way through February, the Board has seen an increase of sales to 77 per day.
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