I am always happy to share with you the latest sales and listing report compiled by the Real Estate Board of Greater Vancouver. In February we continued to see strong sales activity. For The Board's full statistics package click here: REBGV February 2014

If you are thing of selling or buying this spring, the demand for new listings is picking up. 

Sales are up, inventory is down from the same time last year, and pricing correctly for the market is key.

Important Highlights of the report:

• February 2014 saw a 40.8% increase in sales compared to February 2013, and a 43.8% increase in sales compared to January 2014
• Overall NEW listings for all property types are down 2.8% from February 2013
• Overall TOTAL listing inventory for all propety types is down 9.3% from February 2013 
• Currently Greater Vancouver is in the higher end of a balanced market

The report also includes "current to five year trends" with Benchmark prices for:

• Residential Areas in Greater Vancouver
• Property types: Single family, townhomes, apartments
• Sales and listing facts
• Listing and sales summaries

As always, I'm here to answer any questions you may have on the current market conditions and how you may capitalize on them to your advantage. 

Regards, Dodi 604.644.3634

If you are planning on buying a new built residential home, condo or townhouse,The Real Estate Board of Greater Vancouver has put together a very helpful GST fact sheet on The GST and the 2% BC transtion Tax on new residential housing, 

Click here to view the full document.

REBGV Fact Sheet about the GST & the 2% transition tax on new housing

Hope you found this helpful. If you have any questions, do not hesitate to call!

Dodi

As part of my promise to keep you informed, here is the latest sales and listing report from The Real Estate Board of Greater Vancouver.

Highlights from the first month of 2014:

• Home sale and listing totals outpace historical averages in the Greater Vancouver housing market.
• January 2014 saw a 30.3% increase in property sales compared to January 2013
• January 2014 sales were 7.2% above the 10-year sales average for the month.
• The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home sale and listing activity accompanied by stable home prices.
• Last month’s new listing count was 17.7% higher than the region’s 10-year new listing average for the month.
• The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $606,800. This represents a 3.2% increase compared to January 2013.

If you ever need to dig into historical facts regarding Real Estate in Greater Vancouver, you may want to look into this unique and interesting historical archive. Regards /Dodi

The Real Estate Board's archives preserve a diverse range of unique historical materials bringing to life the business, economic and social history of the Real Estate Board.

The archive also documents the real estate industry and land use in Metro Vancouver communities through time. Much of the material is unavailable elsewhere.

Some documents are available in an electronic gallery. For information contact Teresa Murphy,tmurphy@rebgv.org

 Historic Documents

Unique, irreplaceable and often fragile Real Estate Board records include:
  •  signatories to the original constitution of 1888
  •  hand-written minute books, some in good condition, dating back to 1934
  •  bylaws (and their development)
  •  committee meeting notes
  •  correspondence, diaries, notations and personal papers of executive officers
  •  initiatives related to government legislation, regulation, charitable works
  •  newsletters, bulletins, brochures, fliers, drawings, maps and pamphlets  

Memorabilia

Includes catalogues, certificates, maps, lockboxes, pens, photos of early real estate offices and members, technology, trophies and a football.

Some of these items are on display in the lobby of the Board's office.

Statistics

Available online.
Rare annual and monthly commercial and residential data, 1960s to 1980s. 

Maps

Available online.
Unique subdivision maps from the 1920s of areas such as Jericho and Point Grey.

Photographs

Available online.
Dating back to the 1880s, these photographs include:
  •  presidents, directors, division members, committees, members and board staff)
  •  events and functions - awards, charitable and social, good works, students in courses and classrooms
  •  notable persons - councillors, mayors, MLAs, MPs, company presidents
  •  real estate board offices  and staff 
  •  real estate offices in communities 
  •  homes and neighbourhoods
  •  Metro Vancouver streetscapes and aerial photos taken by Board staff

Multimedia

Audio, cassettes, CDs and videos.

Acknowledgement

The Real Estate Board of Greater Vancouver gratefully acknowledges the support of the Real Estate Foundation of British Columbia.

What is a property worth? Why the difference between BC Assessment and a REALTOR® assessment? The Real Estate Board of Greater Vancouver has compiled a great resource on the whats, where-to-find and whys of your 2014 BC Property Assessment.

The helpful guide details examples of market values and how they compare 2014 vs 2013, how to appeal, interactive maps and tutorials on how to use the vaulable information here: http://www.rebgv.org/property-assessment-notice  

As a full service realtor, I'm always here to discuss market conditions, your property and how they both work with your specific micro market or neighbourhood.

Happy New Year!  I look forward to sharing my passion for real estate with you in 2014.

Dodi