Vancouver Real Estate Specialist

Blog › August 2015

Recently Sold Listing 304 - 1169 Nelson Street, Vancouver, BC


V1139206 - 304 - 1169 Nelson Street, Vancouver, BC, CANADAI have just recently sold this listing at 304 - 1169 Nelson Street, Vancouver.

Recently Sold Listing 19682 RICHARDSON RD, Pitt Meadows, British Columbia


V1124436 - 19682 RICHARDSON RD, Pitt Meadows, British Columbia, CANADAI have just recently sold this listing at 19682 RICHARDSON RD, Pitt Meadows.

New Listing 304 - 1169 Nelson Street, Vancouver, British Columbia


V1139206 - 304 - 1169 Nelson Street, Vancouver, BC, CANADAView my new listing for sale SOLD at 304 - 1169 Nelson Street, Vancouver and currently listed at $399,000.SOLD

This southwest facing (over looking the Nelson Park) bright 731 sq.ft. unit is the largest 1 bedroom in the building. Open House: Saturday, Sept 12th 2-4. The den is large enough to fit a single bed or be used as a nursery or office. This is the true urban living experience in the West End right across from Nelson Park, school, playground, community garden and dog park. Heat is included in the maintenance fee. Real wood burning fire place! Comes with 1 parking and storage. Pets and rentals allowed.

July 2015 Market Update


Summer heat doesn’t slow home buyer activity...July 2015 Stats

Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on the Multiple Listing Service® (MLS®) in July 2015. This represents a 30 per cent increase compared to the 3,061 sales recorded in July 2014, avnd a decrease of 9.1 per cent compared to the 4,375 sales in June 2015.

Last month’s sales were 33.5 per cent above the 10-year sales average for the month.

“Today’s activity continues to benefit sellers as home buyers compete for the homes available for sale,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,112 in July. This represents a 3.8 per cent increase compared to the 4,925 new listings reported in July 2014.

The total number of properties currently listed for sale on the region’s MLS® is 11,505, a 26.3 per cent decline compared to July 2014 and a 5.5 per cent decline compared to June 2015.

"Much of today’s activity can be traced to strong consumer confidence, low interest rates, and a reduced supply of homes for sale.” McLeod said. “We have about 5,000 to 6,000 fewer homes for sale today than we've seen at this time of year over the last five to six years," 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $700,500. This represents an 11.2 per cent increase compared to July 2014.

With the sales-to-active-listings ratio at 34.6 per cent, the region remains in seller's market territory.

“Although there aren’t as many homes for sale today compared to recent years, home buyers continue to have a range of housing options, at different price points, to choose from across Metro Vancouver,” McLeod said. “The diversity of housing options is part of what’s driving today’s demand.”

Sales of detached properties in July 2015 reached 1,559, an increase of 17.9 per cent from the 1,322 detached sales recorded in July 2014, and a 24.8 per cent increase from the 1,249 units sold in July 2013. The benchmark price for a detached property in Metro Vancouver increased 16.2 per cent from July 2014 to $1,141,800.

Sales of apartment properties reached 1,729 in July 2015, an increase of 42.7 per cent compared to the 1,212 sales in July 2014, and an increase of 42.9 per cent compared to the 1,210 sales in July 2013. The benchmark price of an apartment property increased 5.9 per cent from July 2014 to $400,900.

Attached property sales in July 2015 totalled 690, an increase of 30.9 per cent compared to the 527 sales in July 2014, and a 41.7 per cent increase from the 487 attached properties sold in July 2013. The benchmark price of an attached unit increased 7.8 per cent between July 2014 and 2015 to $511,500.