peter townsend's vancouver real estate blog

Sold 5745 Westport court, Eagle Harbour

This wonderful 5200 sq. ft. family home in Eagle Harbour has just sold to clients who recently sold their home in Dundarave. However, this home was one of only 13 homes priced above $1.4 million to sell in the Eagle Harbour area so far this year, and one of only 4 homes to sell priced over $1,750,000 in Eagle Harbour in 2011.

 

October 2011 Sales Stats: Balanced market?

Greater Vancouver at lower end of balanced housing market

With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

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®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”