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According to the BC Real Estate Association most recent report,

 

"...many potential buyers and sellers remain in a holding pattern. With pent up demand now becoming latent in the market, it’s not a matter of if, but when home sales rise above their current pace."

 

Looking at my Metro Vancouver market study for February 2013: 

Downtown "attached" (condos and townhomes)

  • Official Market Type Downtown: Balanced market at 15% Sales Ratio average (14% is a Buyers market)
  • Homes are selling on average 2% below list price
  • Most Active Price Band* +/- $1 mil: $0 to $500,000 (Sellers Market); $1 mil to $1.25 mil (Buyers market)
  • Buyers Best Bet* under $1 mil: Homes from $800,000 to $900,000 (Buyers market), Coal Harbour and 3 bedroom properties
  • Sellers Best Bet*: Selling homes in Yaletown, and up to 1 bedroom properties

Vancouver Eastside "detached" (houses)

  • Official Market Type Eastside Detached: Balanced market at 15% Sales Ratio average (14% is a Buyers market)
  • Homes are selling on average 2% below list price
  • Most Active Price Band*: $700,000 to $800,000 with average 33% Sales Ratio (Sellers market)
  • Buyers Best Bet*: Homes between $1.75 mil to $2 mil, Fraserview, South Vancouver and minimum 7 bedroom properties
  • Sellers Best Bet*: Selling homes in Grandview, Main, Renfrew Heights and up to 2 bedroom properties

Richmond "attached" (condos and townhouses)

  • Official Market Type Richmond Attached: Buyers market at 11% Sales Ratio average (1.1 in 10 homes selling)
  • Homes are selling on average 4% below list price
  • Most Active Price Band*: $700,000 to $800,000 with average 24% Sales Ratio (Sellers market)
  • Buyers Best Bet*: Homes between $500,000 to $600,000, Granville, Steveston South, West Cambie and 3 bedroom properties
  • Sellers Best Bet*: Selling homes in Ironwood, South Arm, Steveston North, Terra Nova and minimum 4 bedroom properties
 

For a copy of my whole report on where real estate is trending in Metro Vancouver including West Vancouver, North Vancouver, Tsawwassen, and Ladner... email billdemooy@gmail.com 

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Bill de Mooy welcomes you to an Open House at 302 625 PARK CREST in New Westminster.
Open House on Sunday, March 10, 2013 1:00 pm - 3:00 pm
Beautifully finished 2 bedroom home in the popular Whistler inspired Westhaven at Queen's Park. This bright south/west facing corner unit boasts of Brazilian teak solid hardwood flooring, top of the line stainless steel appliances andstacking HE washer and dryer. Two Spacious bedrooms with organized walk-in closet in master. Window screens on all windows and retractable screen door to spacious covered balcony. Secured parking and 8' x 3.5' storage locker. Fully rain-screened building construction still under warranty. A short walk to schools, shopping, transit, pool and recreation centre. Only a half block to Queens Park. 2 cats or 2 (non-vicious) dogs ok. Rentals restricted and currently at max. OPEN HOUSE MARCH 10th 1-3PM
 
Surprised Open House is subject to availability.  Often when a seller accepts an offer, even with conditions, the seller no longer wishes to have the open house.  If you don't want to be disappointed Frown and want very much to see this home, it is recommended that you call Bill to view this home as soon as possible.  Call Bill now at 604-274-2222 to arrange viewing this home. Smile
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Bill de Mooy welcomes you to an Open House at 15 11100 RAILWAY AVE in Richmond.
OPEN HOUSE: March 10 Sunday 2:00-4:00 pm
WESTWIND TERRACE - gated executive townhome community - conveniently located. This spacious, quiet duplex unit provides a private east-facing rear patio for pleasant morning coffees or shaded hot evening sittings. The interior spoilsyou with spaciousness and comfort. The kitchen flows into an alcove eating area and family room with sliding doors leading to the patio. Dining is next to the kitchen and adjoins the living room with its gas fireplace. Vaulted ceilings adds to the roominess. Ample guest parking and well maintained complex adds to the quality of a good investment Pets allowed with rules. Call now to view.
 
Surprised Open House is subject to availability.  Often when a seller accepts an offer, even with conditions, the seller no longer wishes to have the open house.  If you don't want to be disappointed Frown and want very much to see this home, it is recommended that you call Bill to view this home as soon as possible.  Call Bill now at 604-274-2222 to arrange viewing this home. Smile
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A provincial court judge is suing the strata council in his complex for negligence.  If you, or someone you know, owns a strata such as a townhouse or condominium, the you should READ THIS...

 

 

 

Bill deMooy

VinesdeMooy Group

Richmond, Vancouver, Surrey, Burnaby

Homes and Residential Real Estate.

 

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Bill de Mooy welcomes you to an Open House at 245 5880 DOVER CREST in Richmond.
Open House on Sunday, March 3, 2013 2:00 pm - 4:00 pm
Efficient and open layout in the popular 'Waterside'. Functional gourmet kitchen with breakfast bar including shinny black granite counter top, quality cabinetry and stainless steel appliances. Spacious dining and living rooms with hardwoodflooring, gas fireplace and patio door access to western exposed balcony with plenty of space for barbeque and partial waterview. 2 bedrooms on opposite sides including master with large walk-in closet and full ensuite. Insuite laundry, secured parking. Situated just steps from the North Dyke for your walking and cycling, Dover Park and the Olympic oval. Only minutes away from Richmond Centre and the Canada Line. Well run building with live-in caretaker.
 
Surprised Open House is subject to availability.  Often when a seller accepts an offer, even with conditions, the seller no longer wishes to have the open house.  If you don't want to be disappointed Frown and want very much to see this home, it is recommended that you call Bill to view this home as soon as possible.  Call Bill now at 604-274-2222 to arrange viewing this home. Smile
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