Blog › August 2013

 

CMHC Housing Market Outlook-Housing market intelligence you can count on

British Columbia Region Highlights

http://www.cmhc-schl.gc.ca/odpub/esub/65442/65442_2012_Q04.pdf?fr=1354193192390

New Listing 3329 Rosalie Court, Coquitlam, British Columbia

V1021623 - 3329 Rosalie Court, Coquitlam, British Columbia, CANADAView my new listing for sale at 3329 Rosalie Court, Coquitlam and currently listed at 878000.

Elegant house on a quiet C-D-S in 'Hockaday' area. This bright corner lot home is substantially renovated. Over $80,000 spent on renovations. New windows, new blinds, new kitchen cabinets & countertops, high quality laminate flooring on main & 2nd floor. Designer new paint throughout the house. Other features: 3 good size bedrooms on upper floor. Open floor plan on main floor with French door opening from living room to family room, eating area access to private patio & the beautifully landscaped yard. One bedroom & recreation room in basement with separate entrance. Close to Coquitlam Centre, Douglas College & all amenities. OPEN HOUSE: 02~04:00PM on 8/31.

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 2891 Mara Drive, Coquitlam, British Columbia

V1020177 - 2891 Mara Drive, Coquitlam, British Columbia, CANADAI have just recently sold this listing at 2891 Mara Drive, Coquitlam.

July home sale activity increases in Greater Vancouver

July home sale activity increases in Greater Vancouver

Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service® (MLS®) in July 2013. This represents a 40.4 per cent increase compared to the 2,098 sales recorded in July 2012, and an 11.5 per cent increase compared to the 2,642 sales in June 2013.

Last month’s sales were 0.1 per cent above the 10-year sales average for the month.

“Demand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year,” Sandra Wyant, REBGV president said. 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July. This represents a 1.1 per cent increase compared to the 4,802 new listings reported in July 2012 and a 0.4 per cent decline from the 4,874 new listings in June of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,618, which is an 8.1 per cent decrease compared to July 2012 and a 3.9 per cent decline from June 2013.

The sales-to-active-listings ratio rose two and-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver. This is the highest this ratio has been in Greater Vancouver since April 2012.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 2.3 per cent compared to this time last year and an increase of 2.3 per cent over the last six months.

“Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year,” Wyant said. “This stability in price brings greater certainty to the home buying and selling process.”

Sales of detached properties reached 1,249 in July 2013, an increase of 59 per cent from the 787 detached sales recorded in July 2012, and a 13.7 per cent increase from the 1,099 units sold in July 2011. The benchmark price for detached properties decreased 3.1 per cent from July 2012 to $920,500.

Sales of apartment properties reached 1,210 in July 2013, an increase of 31 per cent compared to the 927 sales in July 2012, and an increase of 16.3 per cent compared to the 1,040 sales in July 2011. The benchmark price of an apartment property decreased 1.6 per cent from July 2012 to $368,300.

Attached property sales in July 2013 totalled 487, an increase of 27 per cent compared to the 384 sales in July 2012, and a 12.7 per cent increase from the 432 attached properties sold in July 2011. The benchmark price of an attached unit decreased 2.6 per cent between July 2012 and 2013 to $456,700.