REBGV President Jill Oudil gives an update on the latest housing market statistics and explains how buyers can be successful in today's market.


Jill Oudil | President, REBGV

 

Demand for condominiums and townhomes continues to drive the Metro Vancouver Market. To better understand what's going on, let's look at four key indicators:

 

The first is home sales. REALTORS® registered 3,553 sales on MLS in Metro Vancouver last month. This is down over 25% form April last year, and is about 5% above the 10-year April sales average. Condominiums and townhomes are the most sought after property types in today's market. For the first four months of the year, they've accounted for 68% fo all residentail sales. This is up 10% from the same period last year.

 

The second indicator is home listings that supply the housing market demand. More than 4,900 homes were listed for sale in April. That's up 3% from March and 20% than last April. 

 

The third key indicator is ...

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New property listed: 2007 928 HOMER ST in Vancouver.

Price: $628,000


Perfect opportunity to invest or move into a downtown Vancouver condo located at the coveted Yaletown Park I! This bright southeast facing 1 bedroom and flex home is situated just steps away from all the buzz and excitement of Yaletown's restaurants and cafes, and mere minutes away from the skytrain station. Featuring a fantastic floorplan with plenty of in-suite storage, this quiet home also comes with 1 parking and 1 locker. Pets and rentals allowed!
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New property listed: 115 7333 16TH AVE in Burnaby.

Price: $474,900


Beautiful 3 bdrms/2 bdrms + den w/ 2 full bathrooms on ground floor. Warm, cozy & quiet unit. 9' ceilings townhouse. Features electric fireplace, S/S appliances, microwave oven, granite countertops, insuite laundry, laminate flooring. Functional layout, front & back patios for outdoor entertainment. Secured under ground parking, storage locker and bike room. Conveniently located, close to Edmond Sky train station, transit, schools, church, high gate mall, library, community center, and shops. Rentals & pets OK. Fully rain screened. Good property! Good location! Don't miss! Sneak Preview: Thurs (May 11) 5-7PM. OPEN HOUSE: Sat (May 13) & Sun (May 14) 2-4PM. Offers (if any) on May 17 by 5:00PM.
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Please visit our Open House at 115 7333 16TH AVE in Burnaby.
Open House on Saturday, May 13, 2017 2:00PM - 4:00PM
Beautiful 3 bdrms/2 bdrms + den w/ 2 full bathrooms on ground floor. Warm, cozy & quiet unit. 9' ceilings townhouse. Features electric fireplace, S/S appliances, microwave oven, granite countertops, insuite laundry, laminate flooring. Functional layout, front & back patios for outdoor entertainment. Secured under ground parking, storage locker and bike room. Conveniently located, close to Edmond Sky train station, transit, schools, church, high gate mall, library, community center, and shops. Rentals & pets OK. Fully rain screened. Good property! Good location! Don't miss! Sneak Preview: Thurs (May 11) 5-7PM. OPEN HOUSE: Sat (May 13) & Sun (May 14) 2-4PM. Offers (if any) on May 17 by 5:00PM.
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Please visit our Open House at 17 8701 16TH AVE in Burnaby.
Open House on Sunday, May 7, 2017 2:00PM - 4:00PM
This beautiful 1900+ sqft, 3 bdrm, 3.5 bath duplex style T/H features new paint, beautiful laminate floors on the main & bsmt, and new carpets upstairs. Dining & living room on the main floor each offer a gas F/P to relax & entertain guests. A powder room on main and bsmt laundry room has also been upg'd with newer tiles and 1/2 washroom. Lower level also offers a double garage, a M A S S I V E recreation room, & lots of storage. The large patio in the back offers a private setting which is plumbed for gas BBQ. A short walk/drive to shopping, transit, parks, & schools (Armstrong Elem & Cariboo Hill Sec). A home that feels like a house without the expensive price! Call now to book a private appointment! OPEN HOUSE: Sun (May 7) 2-4PM.
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