Vancouver

Home Sellers Jump-Start Fall Resale Market

By
REW.ca
September 14, 2017






REWCap Main Sept 14

Flurry of new home listings follows Labour Day long weekend, finds latest #REWCAP analysis

There was a host of new listings on the Greater Vancouver Mulitple Listing Service® last week (September 4-10) as sellers jump-started the fall resale market.

More than 1,300 home sellers listed their properties on the MLS that week, which is nearly 72% more than listed the week before.

That bumped the current total inventory to 9,370 homes available for sale in the Real Estate Board of Greater Vancouver region, as of September 14 – still not high, but a considerable improvement from the past summer weeks.

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REWCAP Sept 14

That total listing count breaks down as 5,730 detached homes, 1,233 townhomes/duplexes/rowhomes and 2,407 condo-apartment units available across Greater Vancouver.

The median listing price of a detached home remained just under $2 million, now at $1,999,000 as of September 14.

Median list prices for townhomes (including duplexes, row homes etc) and condos both rose slightly, to $938K and $678K respectively.

The most expensive home to be newly listed last week was a $12.89 million stone-and-glass mansion in the toney Chartwell neighbourhood of West Vancouver, with incredible views and a killer pool and terrace. The priciest new condo listing was a gorgeous Coal Harbour penthouse, also boasting a huge terrace, which came on the market September 5 for $7,688,000.

A lavish Shaughnessy estate priced at $34.8 million remains the most expensive listing in the Greater Vancouver region. But it has now been usurped by this Toronto mansion as the priciest home currently for sale in all of Canada, which is asking just $200K more. 


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
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