Open homes this weekend:
All open houses... North Van 130, West Van 70

WEST VANCOUVER - NEW LISTINGS (70)

5714 Bluebell Dr, $1,285,000
4247 Rockbark Pl, $3,580,000
6449 Douglas St, Sat 2-4, $799,000
#103-1363 Clyde Ave, $398,000
#12B-338 Taylor Way, $719,000
#15-5110 Alderfeild Pl, $1,528,000
#8B-328 Taylor Way, $729,000
1451 Mathers Ave, $3,188,000
1720 30th St, $4,598,000
2021 27th St, $1,788,000
2229 Boulder Ct, $3,195,000
2353 Ottawa Ave, $2,388,000
2565 Westhill Way, $3,380,000
2618 Chippendale Rd, $3,088,000
3810 Marine Dr.
3914 Southridge Ave, $3,980,000
4088 Rose Cr, $3,680,000
4110 Burkehill Rd, $1,799,000
4175 Almondel Rd, $1,599,000
4215 Evergreen Ave, $3,868,000
4588 Keith Rd, Sat/Sun 2-4, $5,888,000
4688 Headland Dr, $4,388,000
4882 Vista Pl, $2,598,000
5526 Marine Dr, $1,199,000
6105 Gleneagles Dr, $4,449,000
6195 Nelson Ave, $2,498,900
62 Morven Dr, $588,900
6606 Wellington Ave, $1,447,000
855 Greenwood Rd, $5,680,000

1. Lions Bay/Bowen Island

160 Sunset Dr, Sun 2-4, $899,000
245 Oceanview Rd, Sat 2-4, $1,285,000
8539 Seascape Ct, Sun 2-4, $1,038,000

2. Whytecliff/Horseshoe Bay

6442 Imperial Ave, Sun 2-4, $879,000
6449 Douglas, Sat 2-4, $799,000
6975 Isleview Rd, Sat 2-4, $2,498,000
6994 Hycroft Rd, Sat 2-4, $1,699,000

3. Gleneagles

6195 Nelson Ave, Sat 2-5, $2,498,900
6086 Blink Bonnie Rd, Sat/Sun 2-4, $4,780,000
6105 Gleneagles Dr, Sat 2-4, $4,449,000

4. Eagle Harbour

5770 Larson Pl, Sun 2-4, $2,298,000
5605 Keith Rd, Sat 2-4, $975,000
5751 Telegraph Trail, Sat 2-4, $1,098,000
5762 Larson Pl, Sat/Sun 2-4, $2,300,000

5. Caulfeild

1649 Woodburn Rd, Sun 2-4, $1,288,000
4588 Keith Rd, Sat/Sun 2-4, $5,888,000
4719 Pilot House Rd, Sat 12:30-2:30, $3,249,000

6. Upper Caulfeild

no opens

7. Cypress Park Estates

2229 Boulder Ct, Sun 1-3:30, $3,195,000

8. Cypress Park/Sandy Cove

4215 Evergreen Ave, Sat 3-5, $3,868,000

9. Bayridge

3841 Bayridge Ave, Sat 2-4, $1,375,000
3985 Bayridge Ave, Sat 2-4, $1,875,000

10. Westmount/West Bay

3190 Thompson Pl, Sun 2-4, $3,950,000
3525 Westmount Rd, Sat 2-4, $1,048,000
3655 McKechnie Ave, Sun 3-5, $3,299,000

11. Altamont

2905 Tower Hill Cr, Sun 2-4, $2,998,000

12. Deer Ridge

no opens

13. Chelsea Park/Panorama Village

#11-2246 Folkestone Way, Sun 2-4, $779,000
#74-2122 Folkestone Way, Sun 2-4, $658,000
1375 Camridge Rd, Sun 2-4, $2,688,000
1589 Chippendale Ct, Sat/Sun 2-4:30, $4,488,000
2432 Chippendale Rd, Sun 2-5, $4,788,000
2466 Varley Ln, Sun 2-4, $1,729,000
2618 Chippendale Rd, Sun 2-4, $3,088,000
2785 Chelsea Cl, Sun 2-5, $2,488,000

13a. Whitby Estates

no opens

14. Dundarave

#1001-2203 Bellevue Ave, Sat/Sun 2-4, $1,198,000
#102-2388 Marine Dr, Sun 2-4, $809,000
#15-2110 Marine Dr, Sat 2-4, $408,000
#701-2167 Bellevue Ave, Sat/Sun 2-4, $998,000
2021 27th St, Sun 1-3, $1,788,000
2095 26th St, Sun 2-5, $4,200,000
2278 Orchard Ln, Sat/Sun 2-5, $3,980,000
2362 Orchard Ln, Sat/Sun 2-5, $4,250,000
2566 Marine Dr, Sun 2-4, $1,618,000
2750 Rosebery Ave, Sat/Sun 2-4, $2,198,000

15. Ambleside

#101-1745 Esquimalt Ave, Sat 2-4, $498,000
#103-1363 Clyde Ave, Sat 2-4, $398,000
#203- 1930 Marine Dr, Sat 2-4, $298,000
#7 1891 Marine Dr, Sun 2-4, $1,267,000
#8-1891 Marine Dr, Sun 2-4, $1,276,000
1083 Duchess Ave, Sun 2-4, $3,299,000
1250 Inglewood Ave, Sat/Sun 2-4, $2,858,000
1295 12th St, Sat 2-4, $2,698,000
1451 Mathers Ave, Sun 2-4, $3,188,000
1515 Ottawa Ave, Sat/Sun 2-4, $5,888,000
1515 Ottawa Ave, Sat/Sun 2-4, $5,888,000
550 17th St, Sun 2:30-4, $1,498,800
866 Sinclair St, Sun 2-4, $2,188,000
908 Keith Rd, Sun 2-4, $535,500

16. British Properties

1448 Sandhurst Pl, Sun 2-4, $3,380,000
149 Stevens Dr, Sun 2-5, $3,788,000
1540 Taylor Way, Sun 2-4, $1,588,000
608 Southborough Dr, Sat 2-4, $2,188,000

17. Glenmore

81 Morven Dr, Sun 2-4, $1,398,000

18. Sentinel Hill

880 Jefferson Ave, Sat/Sun 2-4, $1,488,000
980 Burley Dr, Sun 1-2, $1,588,000

19. Park Royal

#8B-328 Taylor Way, Sat 2-4, $729,000

20. Cedardale

#1220-235 Keith Rd, Sun 2-4, $585,000
555 Inglewood Ave, Sat/Sun 2-4, $3,188,000

NORTH VANCOUVER - NEW LISTINGS (130)

#11-307 E 15th St, $699,900
#601-160 E 13th, $499,000
1116 Beechwood Cres, $775,000
124 E Carisbrooke Rd, $998,000
1357 Eldon Rd, $859,000
2387 Kilmarnock Cr, $899,000
267/269 E 4th St, $1,249,000
2693 Sechelt, $799,900
3188 Mt Seymour Pkwy, $739,000
3282 Allan Rd, $699,000
357 E 24th St, $938,000
358 W Keith Rd, $775,000
4247 Rockbank Pl, $3,580,000
4406 Glencanyon, $1,175,000
494 E Windsor Rd, $1,225,000
506 E 19th St, $1,858,000
619 E 5th St, $1,428,000
639 E Keith Rd, $1,099,900
715 Westmoreland Cr, $1,598,000

21. Grouse Woods

5799 Grousewoods Cr, Sun 2-4, $1,060,000
5912 Nancy Greene Way, Sat 2-4, $659,000

22. Canyon Heights

1067 Belvedere Dr, Sat 2-4, $1,265,000
1357 Eldon Rd, Fri 6-8/Sun 2-4, $859,000
5358 Malaspina Pl, Sat 2-4, $1,188,000
802 Montroyal Blvd, Sun 2-4, $1,269,000

23. Forest Hills

4293 Canterbury Cr, Sat 2-4, $1,889,000

24. Capilano Highlands

#104-3383 Capilano Cr, Sun 2-4, $759,900
#107-3750 Edgemont Blvd, Sat 2-4, $1,059,000
990 Beaumont Dr, Sat 2-4, $2,399,900

25. Capilano

2575 Lloyd Ave, Sun 1-3, $998,000
2901 Paisley Rd, Sat 2-4, $2,199,900

26. Pemberton Heights/Pemberton

no opens

27. Norgate

no opens

28. Hamilton

#106-1633 Mackay Ave, Sun 2-4, $464,900
#209-855 W 16th st, Sat 2-4, $329,900
Northlands Terrace, #105-850 Harbourside Dr, Daily 12-5 (except Fri)

29. Delbrook

4180 Madeley Rd, Sun 2-4, $1,198,000
4352 Starlight Way, Sat/Sun 2-4, $1,688,000
4406 Glencanyon, Sun 2-4, $1,175,000

30. Upper Lonsdale

124 E Carisbrooke Rd, Sun 2-4, $998,000
219 E 29th St, Sat/Sun 2-4, $599,999
226 W Windsor Rd, Sat 2-4, $1,479,900
2720 Eastern Ave, Sat/Sun 2-4, $869,000
3375 Norwood Ave, Sat/Sun 2-4, $919,000
3452 Mahon, Sun 2-3:30, $1,299,000
3458 Mahon, Sun 2-3:30, $1,399,000
365 Wellington Dr, Sat 2-4, $1,389,000
366 E 26th St, Sat 2-4, $999,000
3872 Calder Ave, Sat 3-5, $1,059,000
4175 St Georges, Sun 2-4, $1,798,000
452 Tempe Cr, Sat/Sun 2-4, $1,688,000

31. Central Lonsdale

#103-245 W 15th St, Sun 2-4, $609,000
#104-1650 Chesterfield Ave, Sat 2-4, $269,900
#11-307 E 15th St, Sat 2-4, $699,900
#201-134 W 20th St, Sat 2-3, $269,900
#3-230 W 15th St, Sat 2-4, $619,900
#301-683 W Victoria Park, Sat 2-4/Sun 12-4, $779,800
#601-160 E 13th St, Sat 2-4, $499,000
#605-150 E 15th St, Sat/Sun 2-4, $335,000
#606-158 W 13th St, Sat 2-4, $699,000
15 West, 15th St at Lonsdale Ave, Daily 12-5 (except Fri)
1638 St. Andrews Ave, Sun 2-4, $799,900
328 E 24th St, Sun 2-4, $828,000
357 E 24th St, Sat/Sun 2-4, $938,000
439 E 11th St, Sat 2-4, $865,000
623 W 24th St, Sat/Sun 2-4, $1,380,000
639 E Keith Rd, Sat 2-4/Sun 1-3, $1,099,900
639 W 24th St, Sat/Sun 2-4, $1,369,000
PH 2-683 W Victoria Park, Sun 2-4, $930,000
Prescott, #101-1133 Lonsdale Ave, Mon-Fri 12-5/Sat-Sun 12-6, from $248,900

32. Lower Lonsdale

Versatile, 21 Lonsdale Ave, Mon-Fri 2-6, Sat/Sun 12-5, from $309,900
#1004-188 E Esplanade, Sat 2-4, $579,000
#105-327 W 2nd St, Sun 2:30-4, $249,900
#201-111 W 5th St, Sun 1-3, $438,800
#201-250 W 1st St, Sat/Sun 2-4, $249,900
#205-365 E 1st St, Sat/Sun 2-4, $369,000
#206-310 W 3rd St, Sat 2-4, $274,000
#211-225 W 3rd St, Sun 2-4, $254,900
#2301-120 W 2nd St, Sat 2-4, $749,900
#305-168 Chadwick Ct, Sun 1-3, $588,000
#3103-33 Chesterfield Ave, Sun 2-4, $798,000
#404-168 Chadwick Ct, Sat 2-4, $579,000
#406-175 W 1st Ave, Sat 2-4, $359,000
#407-137 E 1st St, Sat 2-4, $499,000
#508-170 W 1st St, Sat/Sun 2:30-4, $499,999
#808-133 E Esplanade Ave, Sat/Sun 2-4, $1,699,000
#814-175 W 1st St, Sat 2-4, $299,900
#908-162 Victory Ship Wy, Sat 2-4, $875,000
350 E 3rd St, Sat 2-4, $825,000
509 E 5th St, Sun 2-4, $1,248,000
Atrium, 172 Victory Ship Way, Daily 12-5, from $419,900

33. Lynn Valley

#121-1111 E 27th St, Sat 2-4, $688,800
#65-1930 Cedar Village, Sat 2-4, $499,000
#204-3275 Mountain Hwy, Sat 2-4, $374,800
#221-1385 Draycott Rd, Sun 2-3:30, $399,500
#309-960 Lynn Valley Rd, Sun 1-3, $339,000
#9-1005 Lynn Valley Rd, Sat 2-4, $489,000
1421 Dempsey, Sun 12-2, $1,298,000
1556 Lynn Valley Rd, Sat 2-4, $889,900
2858 Masefield Rd, Sat/Sun 2-4, $988,000
3282 Allan Rd, Sun 2-4, $699,000
3360 Baird Rd, Sat 2-4
3784 Hoskins Rd, Sat/Sun 2-4, $1,289,000
448 Brand St, Sat 2-4, $1,149,000
4679 Ramsay Ave, Sat/Sun 1-5, $939,900

34. Grand Blvd.

1038 Cloverley, Sat 2-4, $1,188,000
1456 Grand Blvd, Sun 2-4, $1,659,000
1707 Grand Blvd, Sat 2-4, $2,574,000
850 E 15th St, Sun 2-4, $1,469,000

35. Queensbury/Calverhall

808 E 3rd St, Sun 1-3

36. Westlynn

2387 Kilmarnock Cr, Sat 2-4, $899,000

37. Lynnmour

#61-1959 Purcell Way, Sat 1-2, $345,000

38. Seymour River

1632 Riverside Dr, Sun 2-4, $829,000
2260 Windridge Dr, Sat 2-4/Sun 1-3, $1,088,000

39. Blueridge

2468 Hayseed Cl, Sat 2-4, $798,000
2498 Hyannis Dr, Sat 2-4, $875,000
2693 Sechelt, Sat/Sun 2-4, $799,900
960 Hartford Pl, Sat 2-4, $799,000

40. Windsor Park

675 Plymouth Dr, Sun 2-4, $888,800
993 Hartford Pl, Sat 2-4, $799,900

41. Northlands

1104 Strathaven Dr, Sat/Sun 2-4, $879,000
1909 Taylor Creek Pl, Sun 2-4, $1,798,000

42. Indian River

#201-3732 Mt. Seymour Pkwy, Sun 2-4, $379,900
#48-3939 Indian River Dr, Sat 2-4, $725,000
3932 Indian River Dr, Sun 2-4, $639,000

43. Deep Cove

#5-3939 Indian River, Sat/Sun 2-4, $669,000
#48-3939 Indian River Dr, Sat 2-4, $725,000
1855 Caledonia Ave, Sat 2-4, $1,248,000
4473 Cove Cliff, Sun 2-4, $878,800

44. Roche Point

853 Roche Point Dr, Sun 2-4, $699,000
#1102-995 Roche Point Dr, Sun 2-4, $629,000
#213-630 Roche Point Dr, Sat 2-4, $279,000
#215-630 Roche Point, Sat/Sun 2-4, $339,000
#311-530 Ravenwoods Dr, Sun 2:30-4, $378,900
Destiny, 590 Raven Woods Dr, Sat-Wed 12-5, $299,900
Signature Estates, 590 Raven Woods Dr, Sat-Wed 12-5

45. Dollarton

no opens

99. Other Areas

#1002-1650 W 7th Ave, Sat 2-4, $729,000
#202-1665 Arbutus St, Sat 2-4, $429,900
#303-1345 W 15th Ave, Sat 2-4, $388,000
#35-40137 Government Rd, Squamish, Sat 2-4, $499,000
1008 Glacier View Dr, Squamish, Sun 1-4, $1,180,000
1819 8th Ave, Sun 2-4, $1,368,000
9027 Lyra Pl, Simon Fraser Hills, Sun 2-4, $359,900
Watermark, 5665 Teredo St, Sechelt, Daily 10-4, from $264,900

Looking to Buy or Sell a property? Contact David Valente

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015 

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015 

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Canadian Manufacturing and US Housing Starts - January 19, 2012

Canadian manufacturing sales bounced 2 per cent higher in November, following an 0.8 per cent monthly decline in October. The gains were driven by higher sales in the petroleum and coal products industries along with strength in the auto sector. Total manufacturing sales were 1.7 per cent higher in volume terms.  Higher sales were reported in 80 per cent of the manufacturing sectors surveyed. Sales by BC manufacturing firms grew 0.9 per cent month over month in November and were almost 6 per cent higher than in November 2010. 

South of the border, US housing starts (a key bellwether for BC's forestry sector) fell 4.1 per cent in December, coming in at a seasonally adjusted annual rate of 657,000 units. However, the pace of housing starts in the fourth quarter of 2011 represented a post-recession high, a strong signal that US home construction should continue to improve in 2012. 

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

 
Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015 

Opportunity to own this solid house on Larson Rd. Featuring original oak hardwood floors (under carpet), kitchen overlooking the private park like backyard with green outlook, open dining room and cozy living room. The bright basement offers great possibilities with ample storage space. Walking distance to the newly renovated Carson Graham High School and updated Westview Elementary. Centrally located and just minutes to Edgemont Village, Westview, Lonsdale and Marine Drive.

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015 

Please come with any questions you may have. In the meantime you can take a virtual tour of this Indian River Townhouse for sale.

As always please do not hesitate to give me a call at if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Prudential - Sussex Realty

This is a beautifully maintained townhouse in "Highgate Terrace", centrally located to all of Parkgate amenities, school, parks and recreation space. This family sized unit features 3 bedrooms, 2.5 bathrooms (with another full bathroom roughed in to the basement) and both casual and formal living areas including a walk-out basement rec rm and storage area. This prime end unit is located in one of the best location in the complex and features a large fenced yard area, bright South exposure and direct access to Indian River Park and Dorothy Lynas Elementary School. This is a great option for a family starting out.

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015 

BC lead all provinces with construction intentions rising 31.5 cent in November. Both residential and non-residential permits were up significantly in November with residential permits rising 29.5 per cent and non-residential permits up 36 per cent. Permits for multi-family housing in Vancouver was largely responsible for the increase in residential activity, with total permits rising 71 per cent from October to November. Other major metropolitan centres saw mixed results with Kelowna and Victoria up 5.9 and 2 per cent respectively while Abbotsford construction intentions tumbled 76.1 per cent. November building permits data suggests that the strong trend in residential, particularly multi-family, housing construction will continue through the early months of 2012. However we do anticipate a moderate slowing of overall starts this year.

For more information, please contact: 
Cameron MuirBrendon Ogmundson
Chief EconomistEconomist
Direct: 604.742.2780Direct: 604.742.2796
Mobile: 778.229.1884Mobile: 604.505.6793
Email: cmuir@bcrea.bc.caEmail: bogmundson@bcrea.bc.ca

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).
Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Your Vancouver Real Estate Specialist.
DavidValente.com
604-377-6015

VANCOUVER, B.C. – January 4, 2012 – The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.

“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.

Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.

More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

“Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.

Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales recorded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471.

Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Upper Lonsdale House for sale.

As always please do not hesitate to give me a call at if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Prudential - Sussex Realty

For more information, please contact: 

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rose slightly in November 2011 from the previous month.

Highlights:

• Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally adjusted basis.
• Year-to-date sales remained in line with the 10 year average, but pulled further ahead of last year’s levels.
• The number of newly listed homes was down 3.4 per cent from October to November.
• The national housing market remains balanced, but is edging closer to seller’s market territory.
• The national average price posted a 4.6 per cent year-over-year gain in November, the smallest increase since January.

Sales activity recorded through the MLS® Systems of real estate Boards and Associations in Canada edged upward by one-half of a percentage point. This marks the third straight month in which national activity was up from the previous month’s levels.

Activity rose in about 60 per cent of all local markets with a record November in the Halifax-Dartmouth region offsetting a dip in sales in Toronto.

“The Canadian housing market is proving resilient in the face of ongoing global economic and financial uncertainty, to the benefit of Canadian economic growth,” said Gary Morse, CREA’s President. “That said, some housing markets are picking up while others are holding steady or consolidating, so buyers and sellers should talk to their local REALTOR® to understand current and prospective trends in their local housing market.”

Throughout most months in 2011, actual (not seasonally adjusted) national home sales were in line with the 10-year average. November sales marked a break in that pattern, climbing seven per cent above the 10 year average and reaching the fourth highest level on record for the month.

“Toward the end of every year, there’s a natural inclination to compare how momentum for national sales activity and average price compare to the year before,” said Gregory Klump, CREA’s Chief Economist. “National sales activity picked up late last year, and November’s results suggest that a similar trend may be playing out again this year. By contrast, national average price also picked up toward the end of last year, whereas this year it has held steady after having peaked in the spring.”

“With interest rates expected to remain low for longer, the housing sector will no doubt be closely watched for signs of excess,” added Klump. “That said, current trends for resale housing and new home construction suggest that tightened mortgage regulations are working as intended and fostering economic stability in Canada.”

A total of 432,048 homes have traded hands via Canadian MLS® Systems so far this year, up 2.1 per cent from levels in the first 11 months of 2010. The year-to-date sales figure remains broadly in line (+0.7 per cent) with the average for that period from 2001 to 2010.

Compared to October, the number of newly listed homes fell 3.4 per cent in November. New listings slipped lower in more than two-thirds of Canadian housing markets, with Toronto, the Hamilton-Burlington region, and Calgary contributing most to the national decline.

The national housing market remains balanced, but is edging closer to seller’s market territory. The national sales-to-new listings ratio, a measure of market balance, stood at 55.5 per cent in November, up from 53.4 per cent in October. This marks the third month in which the national ratio has risen, and it now stands at its highest reading since the spring.

Based on a sales-to-new listings ratio of between 40 to 60 percent, just over half of local markets in Canada were balanced in November, while a third of markets qualified as sellers’ markets.

The number of months of inventory nationally stood at six months at the end of November. It has held steady at about this level since April, which is above levels posted during the first quarter. The number of months of inventory represents the number of months it would take to sell current inventories at the current rate of sales activity, and is another measure of the balance between housing supply and demand.

The actual (not seasonally adjusted) national average price for homes sold in November 2011 stood at $360,396. This represents a year-over-year increase of 4.6 per cent, its smallest increase since January.

PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighborhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 100,000 REALTORS® working through more than 100 real estate Boards and Associations.

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BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.