Courtesy of Bryan Leonhardt

Increased Demand Helps Housing Market Reach Balanced Territory VANCOUVER, BC – October 2, 2019 - The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019. There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service ® (MLS ® ) in Metro Vancouver in September 2019. The total number of homes currently listed for sale on the MLS ® system in Metro Vancouver is 13,439.

BENCHMARK PRICES

$1,406,200 detached DOWN 8.6% year-over-year

$651,500 apartment

DOWN 6.5% year-over-year

4,866 13,439

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,116

“This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. Sales of detached homes in September 2019 reached 745, up 46.7 per cent from September 2018. The benchmark price for a detached home is $1,406,200. Sales of apartment homes reached 1,166 in September 2019, a 43.6 per cent increase compared to the 812 sales in September 2018. The benchmark price of an apartment property is $651,500. Attached home sales in September 2019 totalled 422, a 53.5 per cent increase compared to the 275 sales in September 2018. The benchmark price of an attached home is $767,500. - Source: REBGV

SOLD LISTINGS 2,333

745

17%

SALES TO LISTING RATIO

Stats are Reflective of September 2019 Source: REBGV Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

single family detached apartment

SOLD LISTINGS

AND THE WINNER IS... 5515 SWIFTSURE BAY!

If this is your address, congratulations! You have just won a GIFT CARD to one of the Ladner restaurants. To claim your prize, please call me at 604-328-0753 and I will deliver it to you, with absolutely no obligation. Be sure to check the next issue for another winner!

BRYAN LEONHARDT • 604-328-0753 • bryanleo@telus.net

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