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The February 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.


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Please visit our Open House at 1873 OSPREY DR in Tsawwassen.
Open House on Sunday, March 8, 2020 2:00PM - 4:00PM
Great Location! Great Price! Great Family Home! This home was built with all the bells and whistles. The custom gas fireplace, with elegant mill work, this home has it all. An open concept home is prime for entertaining and with the extra rooms, easy escape for quiet time. The beautiful flower and herb gardens are an oasis to enjoy that morning coffee. The gardens are also filled with life with the appreciative humming birds. This Tsawwassen Shores home boasts a larger corner lot, ocean view from the upper rooms, hardwood flooring throughout, upgrade appliance package, air conditioning, heat pump, privacy blinds, heated master bathroom floors and so much more. Call for a showing today. Open House Sunday March 8th 2-4pm
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February saw steady home buyer demand and reduced home seller supply across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales were 15.6 per cent below the 10-year February sales average.

“Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace,” Ashley Smith, REBGV president said. “This was most pronounced in the condominium market.”

There were 4,002 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2020. This represents a 2.8 per cent increase compared to the 3,892 homes listed in February 2019 and a 3.4 per cent increase compared to January 2020 when 3,872 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,195, a 20.7 per cent decrease compared to February 2019 (11,590) and a 6.7 per cent increase compared to January 2020 (8,617).

"Our Realtors are reporting increased traffic at open houses and multiple offer scenarios in certain pockets of the market. If you’re considering listing your home for sale, now is a good time to act with increased demand, reduced competition from other sellers, and some upward pressure on prices," says Smith.

For all property types, the sales-to-active listings ratio for February 2020 is 23.4 per cent. By property type, the ratio is 17.3 per cent for detached homes, 26.9 per cent for townhomes, and 28.4 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,020,600. This represents a 0.3 per cent increase over February 2019 and a 2.7 per cent increase over the past six months.

Sales of detached homes in February 2020 reached 685, a 52.9 per cent increase from the 448 detached sales recorded in February 2019. The benchmark price for a detached home is $1,433,900. This represents a 0.7 per cent decrease from February 2019 and a 1.9 per cent increase over the past six months.

Sales of apartment homes reached 1,061 in February 2020, a 39.8 per cent increase compared to the 759 sales in February 2019. The benchmark price of an apartment property is $677,200. This represents a 0.9 per cent increase from February 2019 and a 3.6 per cent increase over the past six months.

Attached home sales in February 2020 totalled 404, a 45.8 per cent increase compared to the 277 sales in February 2019. The benchmark price of an attached home is $785,000. This represents a 0.6 per cent increase from February 2019 and a 1.7 per cent increase over the past six months.



GET THE FULL REPORT

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Please visit our Open House at 1873 OSPREY DR in Tsawwassen.
Open House on Sunday, March 1, 2020 2:00PM - 4:00PM
Great Location! Great Price! Great Family Home! This home was built with all the bells and whistles. The custom gas fireplace, with elegant mill work, this home has it all. An open concept home is prime for entertaining and with the extra rooms, easy escape for quiet time. The beautiful flower and herb gardens are an oasis to enjoy that morning coffee. The gardens are also filled with life with the appreciative humming birds. This Tsawwassen Shores home boasts a larger corner lot, ocean view from the upper rooms, hardwood flooring throughout, upgrade appliance package, air conditioning, heat pump, privacy blinds, heated master bathroom floors and so much more. Call for a showing today. Open House Sunday March 1st 2-4pm
Read full post

I have listed a new property at 1873 OSPREY DR in Tsawwassen.
Great Location! Great Price! Great Family Home! This home was built with all the bells and whistles. The custom gas fireplace, with elegant mill work, this home has it all. An open concept home is prime for entertaining and with the extra rooms, easy escape for quiet time. The beautiful flower and herb gardens are an oasis to enjoy that morning coffee. The gardens are also filled with life with the appreciative humming birds. This Tsawwassen Shores home boasts a larger corner lot, ocean view from the upper rooms, hardwood flooring throughout, upgrade appliance package, air conditioning, heat pump, privacy blinds, heated master bathroom floors and so much more. Call for a showing today.
Read full post

Please visit our Open House at 1873 OSPREY DR in Tsawwassen.
Open House on Friday, February 28, 2020 10:00AM - 12:00PM
Great Location! Great Price! Great Family Home! This home was built with all the bells and whistles. The custom gas fireplace, with elegant mill work, this home has it all. An open concept home is prime for entertaining and with the extra rooms, easy escape for quiet time. The beautiful flower and herb gardens are an oasis to enjoy that morning coffee. The gardens are also filled with life with the appreciative humming birds. This Tsawwassen Shores home boasts a larger corner lot, ocean view from the upper rooms, hardwood flooring throughout, upgrade appliance package, air conditioning, heat pump, privacy blinds, heated master bathroom floors and so much more. Call for a showing today.
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The January 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.


DOWNLOAD VANCOUVER WEST

DOWNLOAD VANCOUVER EAST

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Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.

Last month’s sales were 7.3 per cent below the 10-year January sales average.

“We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.”

There were 3,872 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2020. This represents a 20.1 per cent decrease compared to the 4,848 homes listed in January 2019 and a 143.8 per cent increase compared to December 2019 when 1,588 homes were listed.

Last month’s new listings were 17.4 per cent below January’s 10-year average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,617, a 20.3 per cent decrease compared to January 2019 (10,808) and a 0.2 per cent increase compared to December 2019 (8,603), and is 13.7 per cent below the 10-year January average.

For all property types, the sales-to-active listings ratio for January 2020 is 18.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 22.6 per cent for townhomes, and 23.9 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,008,700. This represents a 1.2 per cent decrease over January 2019, a 1.4 per cent increase over the past six months, and a 0.8 per cent increase compared to December 2019.

Sales of detached homes in January 2020 reached 439, a 29.5 per cent increase from the 339 detached sales recorded in January 2019. The benchmark price for detached properties is $1,431,200. This represents a 1.7 per cent decrease from January 2019, a one per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.

Sales of apartment homes reached 814 in January 2020, a 45.6 per cent increase compared to the 559 sales in January 2019. The benchmark price of an apartment property is $663,200. This represents a one per cent decrease from January 2019, a 1.5 per cent increase over the past six months, and a one per cent increase compared to December 2019.

Attached home sales in January 2020 totalled 318, a 55.1 per cent increase compared to the 205 sales in January 2019. The benchmark price of an attached unit is $782,500. This represents a 0.7 per cent decrease from January 2019, a 1.6 per cent increase over the past six months, and a 0.5 per cent increase compared to December 2019.



GET THE FULL REPORT

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I have sold a property at 111 33718 KING RD in Abbotsford.
Don't miss this beautifully updated, ground floor, corner unit at College Park! This home has a wonderful feel with open layout and completely private location in the complex on the South East corner with wrap-around deck. Updates over the years include granite counter tops, under-mount sink, tile backsplash, trim and molding, appliances, and rock fireplace. Gas fireplace is included in the strata fees. Home offers 2 bedrooms, 2 bathrooms, laundry room, and 1088 square feet with 2 parking spots. Call today.
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The December 2019 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.


DOWNLOAD VANCOUVER WEST

DOWNLOAD VANCOUVER EAST

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The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017.

Last year’s sales total was 20.3 per cent below the region’s 10-year sales average.

“We didn’t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,” Ashley Smith, REBGV president said. “In terms of home values, prices dipped between two and four per cent across the region last year depending on property type.”

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 51,918 in 2019. This is a 3.2 per cent decrease compared to the 53,614 homes listed in 2018 and a five per cent decrease compared to the 54,655 homes listed in 2017.

Last year’s listings total was 7.6 per cent below the 10-year average.

“Home buyer confidence was a factor throughout the year. In the first quarter, many prospective buyers were in a holding pattern, waiting to see how prices would react to the mortgage stress test, new taxes, and other policy changes,” Smith said. “Confidence started to return in the summer, and we saw above average sales in the final quarter of 2019.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,001,000. This is a 3.1 per cent decrease compared to December 2018.

The benchmark price of apartments decreased 2.7 per cent in the region last year. Townhomes decreased 2.4 per cent and detached homes decreased four per cent.


December summary


REBGV reports that residential home sales in the region totalled 2,016 in December 2019, an 88.1 per cent increase from the 1,072 sales recorded in December 2018, and a 19.3 per cent decrease from the 2,498 homes sold in November 2019.

Last month’s sales were 9.5 per cent above the 10-year December sales average.

There were 1,588 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2019. This represents a 12.9 per cent increase compared to the 1,407 homes listed in December 2018 and a 46.8 per cent decrease compared to November 2019 when 2,987 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,603, a 16.3 per cent decrease compared to December 2018 (10,275) and a 20.1 per cent decrease compared to November 2019 (10,770).

For all property types, the sales-to-active listings ratio for December 2019 is 23.4 per cent. By property type, the ratio is 15.2 per cent for detached homes, 25.7 per cent for townhomes, and 32.5 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached homes in December 2019 reached 599, a 72.1 per cent increase from the 348 detached sales recorded in December 2018. The benchmark price for detached properties is $1,423,500. This represents a four per cent decrease from December 2018, and a 0.6 per cent increase compared to November 2019.

Sales of apartment homes reached 1,053 in December 2019, a 96.8 per cent increase compared to the 535 sales in December 2018. The benchmark price of an apartment property is $656,700. This represents a 2.7 per cent decrease from December 2018, and a 0.8 per cent increase compared to November 2019.

Attached home sales in December 2019 totalled 364, a 92.6 per cent increase compared to the 189 sales in December 2018. The benchmark price of an attached home is $778,400. This represents a 2.4 per cent decrease from December 2018, and a 0.7 per cent increase compared to November 2019.



GET THE FULL REPORT

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I have listed a new property at 111 33718 KING RD in Abbotsford.
Don't miss this beautifully updated, ground floor, corner unit at College Park! This home has a wonderful feel with open layout and completely private location in the complex on the South East corner with wrap-around deck. Updates over the years include granite counter tops, under-mount sink, tile backsplash, trim and molding, appliances, and rock fireplace. Gas fireplace is included in the strata fees. Home offers 2 bedrooms, 2 bathrooms, laundry room, and 1088 square feet with 2 parking spots. Call today.
Read full post

The November 2019 Market stats are out and available for download. You get the following graphs and charts for bothVancouver East and Vancouver West.


  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.


DOWNLOAD VANCOUVER EAST


DOWNLOAD VANCOUVER WEST

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After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019.


Last month’s sales were four per cent above the 10-year November sales average.


“We started to see more home buyer confidence in the summer and this trend continues today,” says Ashley Smith, REBGV president. “It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.”


There were 2,987 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2019. This represents a 13.7 per cent decrease compared to the 3,461 homes listed in November 2018 and a 26.7 per cent decrease compared to October 2019 when 4,074 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,770, a 12.5 per cent decrease compared to November 2018 (12,307) and a 12 per cent decrease compared to October 2019 (12,236).


For all property types, the sales-to-active listings ratio for November 2019 is 23.2 per cent. By property type, the ratio is 17.2 per cent for detached homes, 24.9 per cent for townhomes, and 29.3 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“In today’s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point,” Smith said. “To better understand the changing trends in your neighbourhood and property type of choice, it’s important to work with your local REALTOR®.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,700. This represents a 4.6 per cent decrease from November 2018 and a 1.3 per cent decrease over the past six months.


Sales of detached homes in November 2019 reached 825, a 59.9 per cent increase from the 516 detached sales recorded in November 2018. The benchmark price for a detached home is $1,415,400. This represents a 5.8 per cent decrease from November 2018, a 0.5 per cent decrease over the past six months, and a 0.3 per cent increase compared to October 2019.


Sales of apartment homes reached 1,222 in November 2019, a 50.9 per cent increase compared to the 810 sales in November 2018. The benchmark price of an apartment home is $651,500. This represents a 3.8 per cent decrease from November 2018, a 1.9 per cent decrease over the past six months, and a 0.2 per cent decline compared to October 2019.


Attached home sales in November 2019 totalled 451, a 59.9 per cent increase compared to the 282 sales in November 2018. The benchmark price of an attached home is $772,800. This represents a 4.4 per cent decrease from November 2018, a 0.8 per cent decrease over the past six months, and a 0.2 per cent increase compared to October 2019.



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I have sold a property at 7923 LIMEWOOD PL in Vancouver.
THIS IS IT! Bare land strata offers an Oasis in the City with low maintenance fees. As you enter through a beautiful English Garden Front Yard with a sitting area for your morning coffee, you come to an ivy laced iron gate through your private entrance. The main floor offers new floors, a gas fireplace in the living and dining rooms with new skylights, the renovated kitchen walks out to a private deck that leads to a beautifully landscaped back garden. The Family room with its large windows also walks out to a large deck overlooking the backyard and garden storage shed. The upstairs offers a Master Suite with its own sitting nook, 2 other bedrooms and one being a loft style. Upgraded to hot water on demand. Great Square footage excellent value a must see!
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Please visit our Open House at 320 ROSEHILL WYND in Delta.
Open House on Sunday, November 24, 2019 2:00PM - 4:00PM
The perfect executive home! This home boasts breathtaking panoramic views of Mount Baker, Boundary Bay continuing through to Burnaby Mountain and all three North Shore Ski hills! The oversized deck takes full advantage of the amazing views. Built with quality craftsmanship in every room of the house from the custom maple cabinetry in the kitchen and throughout to the multi level vaulted ceilings. Quality appliances include Wolf cook-top and Miele double ovens. The custom wood sash windows showcase the view. The new floors on the main, highlight the quality UV deck surface that looks like an extension of the kitchen and dining room. Double French doors lead to a private, enclosed backyard equipped with its very own putting green and hot tub.Over 1000sf of bonus space on the lower level.
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Please visit our Open House at 320 ROSEHILL WYND in Delta.
Open House on Friday, November 15, 2019 10:00AM - 12:00PM Agents Open - Nov 15 (Friday) 10 AM to 12 Noon
The perfect executive home! This home boasts breathtaking views of Mount Baker and Boundary Bay! The over 720sf deck on the main level expands the entertainment space and takes full advantage of the amazing view. Built with top quality craftsmanship in every room of the house from the custom maple cabinetry in the kitchen and throughout to the multi level vaulted ceilings. Quality appliances include double Meile ovens. The custom sash windows have a high end quality of their own, showcasing the views. The beautiful new floors on the main highlight the quality UV deck surface that look like an extension of the kitchen and dining room. Double French doors lead to a private enclosed backyard with it own putting green and hot tub. Over a 1000sf of bonus space on the lower level. Just Fabulous!
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Please visit our Open House at 320 ROSEHILL WYND in Delta.
Open House on Saturday, November 16, 2019 2:00PM - 4:00PM
The perfect executive home! This home boasts breathtaking views of Mount Baker and Boundary Bay! The over 720sf deck on the main level expands the entertainment space and takes full advantage of the amazing view. Built with top quality craftsmanship in every room of the house from the custom maple cabinetry in the kitchen and throughout to the multi level vaulted ceilings. Quality appliances include double Meile ovens. The custom sash windows have a high end quality of their own, showcasing the views. The beautiful new floors on the main highlight the quality UV deck surface that look like an extension of the kitchen and dining room. Double French doors lead to a private enclosed backyard with it own putting green and hot tub. Over a 1000sf of bonus space on the lower level. Just Fabulous!
Read full post

Please visit our Open House at 320 ROSEHILL WYND in Delta.
Open House on Sunday, November 17, 2019 2:00PM - 4:00PM
The perfect executive home! This home boasts breathtaking views of Mount Baker and Boundary Bay! The over 720sf deck on the main level expands the entertainment space and takes full advantage of the amazing view. Built with top quality craftsmanship in every room of the house from the custom maple cabinetry in the kitchen and throughout to the multi level vaulted ceilings. Quality appliances include double Meile ovens. The custom sash windows have a high end quality of their own, showcasing the views. The beautiful new floors on the main highlight the quality UV deck surface that look like an extension of the kitchen and dining room. Double French doors lead to a private enclosed backyard with it own putting green and hot tub. Over a 1000sf of bonus space on the lower level. Just Fabulous!
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Debra Klassen
Cell: 604-908-2352
Office: 604-263-2823
Fax: 604-263-1057
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.