Residential property sales in Greater Vancouver of detached, attached and apartment properties totaled 2799 in April 2012. This represents a 13.2% increase compared to the 3225 sales recorded in April 2011, a decline of 2.6% compared to the 2874 sales in March 2012.

In West Vancouver, April 2012 recorded 83 detached home sales, an increase from 78  sales in March 2012. Attached home sales inWest Vancouverincreased to 30 sales from 26 in March.

Detached listings inWest Vancouverincreased to 184 from 158 in March 2012. Attached listings decreased, from 59 in March 2012 to 57 in April 2012.

Last month’s new listing total was 6.7% above the 10 year average for listings in Greater Vancouver in April.

Region-wide we have seen relative stability in home prices over the last six months but pricing can vary widely depending on the neighbourhood and property type.

Thinking of making a move in 2012? Need more information regarding the market value of your home? Consider the benefits of using a Realtor with an unsurpassed track record in your neighbourhood; over $200 Million dollars in sales in 2011 alone.

Call me at 604.619.9131. Visit my website at www.brocksmeaton.com. E-mail me at brock@brocksmeaton.com

Brock Smeaton

Personal Real Estate Corporation

PrudentialSussexRealty

Residential property sales in Greater Vancouver of detached, attached and apartment properties totaled 2874 in March 2012. This represents a 12.9% increase compared to the 2545 sales recorded in February 2012, a decline of 29.6% compared to the 4,080 sales in March 2011 and an 8.4% decline from the 3,137 home sales in March 2010.

InWest Vancouver, March 2012 recorded 78 detached home sales, an increase from 68  sales in February 2012. What a difference a year can make….there were 152 sales recorded in February 2011! Attached home sales inWest Vancouverstayed constant from last month with 26 sales.

Detached listings inWest Vancouverincreased to 158 from 125 in February 2012. Attached listings increased slightly, from 55 in February 2012 to 59 in March 2012.

Last month’s new listing total was 4.5% above the 10 year average for listings in Greater Vancouver in March.

Region-wide we have seen relative stability in home prices over the last six months but pricing can vary widely depending on the neighbourhood and property type.

Thinking of making a move in 2012? Need more information regarding the market value of your home? Consider the benefits of using a Realtor with an unsurpassed track record in your neighbourhood; over $200 Million dollars in sales in 2011 alone.

Call me at 604.619.9131. Visit my website at www.brocksmeaton.com. E-mail me at brock@brocksmeaton.com

Brock Smeaton, Personal Real Estate Corporation

PrudentialSussexRealty

Residential property sales in Greater Vancouver of detached, attached and apartment properties totaled 2545 in February 2012. This represents a 61.4% increase compared to the 1577 sales recorded in January 2012, a decline of 17.8% compared to the 3,097 sales in February 2011 and a 2.9% increase from the 2473 home sales in February 2010.

In West Vancouver, February 2012 recorded 68 detached home sales, an increase from just 39 sales in January 2012. Attached home sales inWest Vancouvermore than doubled from 13 in January 2012 to 27 in February 2012.

Detached listings in West Vancouverdropped to 125 from 185 in January 2012 (174 in February 2011). Attached listings increased slightly, from 52 in January 2012 to 55 in February 2012 (54 in February 2011).

Last month’s new listing count was the second highest February total in Greater Vancouver since 1996.

Region-wide we have seen relative stability in home prices over the last six months but pricing can vary widely depending on the neighbourhood and property type.

Thinking of making a move in 2012? Need more information regarding the market value of your home? Consider the benefits of using a Realtor with an unsurpassed track record in your neighbourhood; over $200 Million dollars in sales in 2011 alone.

Call me at 604.619.9131. Visit my website at www.brocksmeaton.com. E-mail me at brock@brocksmeaton.com

Brock Smeaton

Personal Real Estate Corporation

PrudentialSussexRealty

Residential property sales in Greater Vancouver of detached, attached and apartment properties totaled 1577 in January, 2012. This represents a 4.9% decrease compared to the 1658 sales recorded in December 2011, a decrease of 13.3% compared to the 1819 sales in January 2011 and an 18% decline from the 1923 home sales in 2010.

January 2012 saw the highest new listings total that we have seen in Greater Vancouver since the mid-1990′s, a 20% increase over January 2011 and a 12.5% increase over December 2011.

In West Vancouver, January 2012 recorded 39 detached home sales, a slight increase from 38 in December 2011. Attached home sales in West Vancouver increase slightly from 11 in December 2011 to 13 in January 2012.

Detached listings in West Vancouver increased dramatically from 35 in December 2011 to 185 in January 2012. Attached listings also saw a very dramatic increase from just 13 in December 2011 to 52 in January 2012.

Greater Vancouver home sellers were more active than buyers in January and overall home prices continued to experience more stability and less fluctuation compared to the beginning of 2011.

Thinking of making a move in 2012? Need more information regarding the market value of your home? Consider the benefits of using a Realtor with an unsurpassed track record in your neighbourhood. Over $200 Million dollars in sales in 2011 alone.

Call me at 604.619.9131. Visit my website at www.brocksmeaton.com. E-mail me at brock@brocksmeaton.com

While recognizing that the outlook for the global economy had deteriorated and that uncertainty had increased since it released its October Monetary Policy Report (MPR), the Bank also made those same observations at its previous meeting on December 6^th.

Economic growth in Canada had more momentum in the second half of 2011 than the Bank projected in its October MPR, but it expects the pace going forward to slow by more modest than previously expected, due largely to factors outside Canadian borders. This reiterates statements made in December 2011. On the upside, the Bank said that “very favourable financing conditions are expected to buttress consumer spending and housing activity.”

The Bank releases its updated forecast for Canadian economic growth. It now estimates that the economy grew by 2.4 per cent in 2011 compared to the initial estimate of 2.1 per cent, owing to the better than expected end to the year.

The Bank projects growth of 2.0 per cent in 2012 compared to 1.9 per cent in the October MPR, and 2.8 per cent in 2013, down slightly from the previous 2013 forecast of 2.9 per cent, with the big picture being that past and current growth estimates have been revised upward at the expense of future economic growth.

“The Bank said it expects the pace of growth going forward to moderate by more than initially thought, but the forecast for growth this year has actually been raised slightly,” said CREA Chief Economist Gregory Klump. “That reflects a weaker than previously expected growth profile for the first half of 2012, followed by an acceleration in the second half of the year.”

“The Bank reiterated that its outlook remains subject to downside risks from the sovereign debt issue in Europe. Recent credit-rating downgrades to much of the euro zone point to potential contagion by way of a drop in financial market liquidity,” he added. “The bottom line is that the Bank rate is not going to be going up anytime soon, and we may see rates lowered should downside risks materialize.”

The Bank noted that “while the economy appears to be operating with less slack than previously assumed, it is only anticipated to return to full capacity by the third quarter of 2013, one quarter earlier than was expected in October.” Overall, inflation expectations remain “well-anchored.”

A number of financial institutions have recently dropped their five-year lending rates to a record low of 2.99 per cent. This is down considerably from the advertised five-year rate of 5.29 per cent when the Bank last met on December 6^th, 2011.

The Bank will make its next scheduled rate announcement on March 8^th, 2012.

Residential property sales of detached, attached and apartment properties totaled 1658 in December 2011, a 12.7% decline compared to the 1899 sales in December 2010 and a 29.7% decline compared to November 2011.

More broadly, last month’s residential sales represent a 34.1% decrease over the 2515 residential sales in December 2009, a 79.4% increase compared to December 2008’s 924 sales, and a 12.6% decrease compared to the 1897 sales in December 2007.

New listings for detached, attached and apartment properties in Great Vancouver totaled 1629 in December 2011 which represents a 4.1% decline compared to the 1699 units listed in December 2010 and a 49.4% decline compared to November 2011 when 3222 properties were listed for sale on MLS.

In West Vancouver, December 2011 recorded 38 detached home sales, down from 66 in November 2011. Attached home sales in West Vancouver decreased from 22 in November 2011 to 11 in December 2011.

West Vancouver new, detached listings for December 2011 fell from 93 in November 2011 to just 35 in December which is typical for the time of year. Attached listings fell to 13 in December 2011 from 22 in November 2011.

The benchmark price of a single family, detached home in West Vancouver increased 15.8% in 2011.

Thinking of making a move in 2012? Need more information regarding the market value of your home? Consider the benefits of using a Realtor with an unsurpassed track record in your neighbourhood. Over $200 million dollars in sales in 2011 alone.

Call me at 604.619.9131. Visit my website at www.brocksmeaton.com. E-mail me at brock@brocksmeaton.com

Brock Smeaton

Personal Real Estate Corporation

Prudential Sussex Realty

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3222 in November. This represents a 26.3% decline compared to the 4374 new listings reported in October 2011, but a 6.3% increase compared to November 2010 when 3,030 properties were listed for sale on MLS.

The total number of properties listed for sale on the Greater Vancouver MLS system currently sits at 14,090 which is 9% lower than October 2011, but an increase of 13% when compared to this time last year. 

In West Vancouver, November 2011 recorded 93 detached home sales compared to 149 last month. Attached home sales in West Vancouver increased from 17 in October to 22 in November.

West Vancouver new, detached listings for November 2011 reached 93, a decrease from 149 new listings in October 2011; attached listings fell to 22 in November 2011 from 35 in October 2011.

Thinking of selling? Need more information regarding the value of your home? Please call me anytime; I would be pleased to provide you with a confidential market evaluation of your home.

Brock Smeaton, Personal Real Estate Corporation, Prudential Sussex Realty

604.619.9131; brock@brocksmeaton.com; www.brocksmeaton.com

Residential property sales of detached, attached and apartment properties reached 2,317 in October which is a 1% decrease compared to the 2337 sales in October 2010 and a 3.2% increase compared to the previous month. Those sales also rank as the second lowest total for October over the last 10 years. 

New listings for detached, attached and apartment properties in Greater Vancouver totaled 4374 in October which is on par with the 10-year average. This represents an 18.3% increase compared to October 2010 when 3698 properties were listed for sale on the MLS and a 23% decrease compared to the 5680 new listings reported in September 2011.

The total number of properties listed for sale on the Greater Vancouver MLS system currently sits at 15,377 which is 9.3% higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

In West Vancouver, October 2011 recorded 90 detached home sales compared to 71 last month. Attached home sales in West Vancouver increased slightly from 14 in September to 17 in October.

West Vancouver new detached  listings for October 2011 reached 149, a decrease from 189 new listings in September 2011; attached listings fell to 35 in October 2011 from 46 in September 2011.

Thinking of selling this Fall? Need more information regarding the value of your home? Please call me anytime; I would be pleased to provide you with a confidential market evaluation of your home.

Brock Smeaton, Personal Real Estate Corporation, Prudential Sussex Realty

604.619.9131; brock@brocksmeaton.com; www.brocksmeaton.com

Residential property sales of detached, attached and apartment properties reached 2,246 in September which is a 1.2% increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years. 

New listings for detached, attached and apartment properties in Greater Vancouver totaled 5,680 in September, the third highest volume for September in 17 years. This represents a 20.1% increase compared to September 2010 when 4,731 properties were listed for sale on the MLS and a 21.2% increase compared to the 4,685 new listings reported in August 2011.

At 16,085, the total number of residential property listings on MLS increased 4.6% in September compared to August 2011 and rose 4.4% compared to this time last year.

In West Vancouver, September 2011 recorded 71 detached home sales compared to 80 last month. Attached home sales in West Vancouver dipped slightly from 16 in August to 14 in September.

Thinking of selling this Fall? Need more information regarding the value of your home? Please call me anytime; I would be pleased to provide you with a confidential market evaluation of your home.

Brock Smeaton, Personal Real Estate Corporation, Prudential Sussex Realty

The Real Estate Board of Greater Vancouver reports that MLS statistics continue to indicate that we are in a balanced market. Our sales-to-actives listings ratio is currently 15% which is the lower end of a balanced market with the trend moving toward a buyer’s market over the past three months.

Residential property sales of detached, attached and apartment properties reached 2,378 in August which is an 8% increase compared to the 2,202 sales in August 2010 but also ranks as the third lowest total for August in the past 10 years.

Year over year, prices are up. However, in the detached home category, benchmark prices have come down slightly in each of the past two months. Activity can differ significantly depending on the area and property type.

There are currently 15,437 residential property listings on MLS which is a 1.4% increase in August compared to the previous month and a 0.1% increase from this time last year.

In West Vancouver, August 2011 recorded 80 detached home sales compared to 86 last month. Attached home sales in West Vancouver decreased from 23 in July to 16 in August.

Thinking of selling this Fall? Need more information regarding the value of your home? Please call me anytime; I would be pleased to provide you with a confidential market evaluation of your home.

Brock Smeaton, Personal Real Estate Corporation, Prudential Sussex Realty