Serving All of Your Real Estate Needs in Burnaby
and Surrounding Areas
Sutton-Centre Realty - 3010 Boundary Road Burnaby BC V5M 4A1
My web site is designed with your interests in mind. Drop me a line, I would love to hear from you! As a local Burnaby Real Estate Agent, I am dedicated to selling your house or finding you that dream home you are searching for, whether in Burnaby, Vancouver, or any of the surrounding areas . I invite you to browse my website and call or e-mail me with any questions you have about buying or selling a home in the area.
View lots of properties for sale with tons of info, instantly!
On my website you can:
Housing supply and demand reach closer alignment in January
VANCOUVER, B.C. – February 2, 2010 – Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 17.2 per cent to $573,241 from $489,007 in January 2009. This price is 0.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.
“Although home prices in the region have largely returned to their previous peaks, we still see a significant number of first-time and move-up buyers in the market, thanks to low interest rates and the diverse range of properties available today,” Jake Moldowan, REBGV president-elect said.
“There is also closer alignment between supply and demand in today’s housing market. At 18 per cent, the sales -to- active listings ratio in January is approximately 10 per cent lower than we’ve seen in our market over the last six months,” Moldowan said.
Information Supplied By The Real Estate Board of Greater vancouver
Slow start, strong finish for housing market in 2009
VANCOUVER, B.C. – January 5, 2010 – After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.
“Low interest rates, an economy emerging from recession and continuing to improve, and consumer confidence led to the resurgence experienced in the Greater Vancouver housing market in 2009,” Scott Russell, REBGV president said. “Home sales neared or passed monthly records in Greater Vancouver throughout the latter half of 2009. In fact, last month’s home sales rank as the third highest selling December in the 90-year history of our organization.”
“The number of homes listed for sale on our MLS® has been in decline in Greater Vancouver for eight of the last nine months, which results in upward pressure on home prices and less selection for buyers to choose from,” Russell said.
Total active listings in Greater Vancouver currently sit at 8,939, a decrease of 41 per cent from December 2008, and a decrease of 19 per cent from November 2009
Information supplied by the Real Estate Board of Greater Vancouver
High sales levels spur rise in home values
VANCOUVER, B.C. – November 2, 2009 – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008. “While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008,” Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. “We’re coming off several months of unseasonably high sales levels, which has allowed for a gradual increase in home values this year,”
“High confidence and low mortgage rates are continuing to drive the activity we’re seeing in the housing market today,” Russell said.
At 12,084, the total number of property listings on the MLS® decreased 4.1 per cent in October compared to last month and declined 37 per cent from this time last year.
Information Supplied by the Real Estate Board of Greater Vancouver
New Westminster Real Estate, Burnaby Real Estate, Vancouver Real Estate, Coquitlam Real Estate. MLS ® number search, Burnaby Real Estate Agent,homes for sale in Burnaby
