peter townsend's vancouver real estate blog

Just Listed: 5745 Westport court $1,998,000

Just listed: 5745 westport court,  Eagle Harbour

Located in Eagle Harbour, on a 19,000 sq. ft south facing level lot, this 9 year old family home offers 5200 sq. ft. of living space over 3 floors. Features include a bright open floor plan with spacious formal and informal entertainment areas, rich hardwood floors, a gourmet island kitchen and adjoining family room, all opening out to a large sunny deck area overlooking the beautiful, child friendly garden.

August 2011 Sales Stats: Vancouver home sales trend toward buyer's market?

Greater Vancouver home sales trend toward buyers’ market over summer

August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This total represents an eight per cent increase compared to the 2,202 sales in August 2010, but also ranks as the third lowest total for August in the last 10 years.

“MLS® statistics continue to indicate that we’re in a balanced market,” Rosario Setticasi, REBGV president said. “However, with a sales-to-actives listings ratio of 15 per cent, Greater Vancouver is in the lower end of a balanced market and has been trending toward a buyers’ market over the past three months.”