Featured Listings
Listing Provided By Oakwyn Realty Ltd. 
MY MISSION
"Bradley Wattum is my agent. He stepped up as a salesman, worked very hard and got my house sold for a good price. One can't go wrong enlisting him as listing agent. Great agent and a friend."
by John"We have worked with Bradley as our realtor in 2014 purchasing our first home and the experience was excellent so when we decided to sell in 2017 the decision to contact Brad again was easy to make. His professionalism and easy going personality make you feel comfortable through every step of the buying/selling process and not once did we feel pressured to make any decisions we were not comfortable with. Bradley was able to get us in contact with a mortgage broker and home inspector that have both saved us money and enabled us to purchase the home we desired in the neighborhood we have started our family in. If you are looking for someone you can feel 100% confident in them we would highly recommend contacting Bradley."
by Mark & Tomo"I had an outstanding experience when purchasing my first home and cannot thank Bradley enough for his professional help. Bradley guided me through every step, laid out everything very clearly and gave great advice. I especially appreciated Bradley’s non-pressure approach, his patience, and him giving his honest opinion about each place that we viewed. Thanks to his knowledge and experience, I found my perfect home in my desired location and within my budget. I feel very fortunate to have him as my realtor, and it was a pleasure to work with him. I would highly recommend Bradley to anyone."
by Sigrid"We have known Bradley for over 10 years. He has assisted us with the purchase and sale of several properties, including a townhouse and condominium, as well as the most recent purchase of a home in Kerrisdale, as well as the sale of our home in Arbutus. Bradley is always very professional, prompt and answers all of our questions fully and without delay. He cares, understands our requirements, and consistently meets our expectations when either selling or buying a home. We would use Bradley’s services again in the future. Thanks Bradley!"
by Anna and James"Bradley was hard working and very prompt with his service.He was courteous and professional in every aspect. I will definitely recommend him as a Realtor and now consider him my Realtor for future dealings."
by Laura M.
Buyer demand surges in October
After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October.
The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10-year seasonal average (2,784).
“Typically, reductions to mortgage rates boost demand, and the strong October sales numbers suggest buyers may finally be responding to lower borrowing costs after waiting on the sidelines for months,” Andrew Lis, GVR’s director of economics and data analytics said. “To some market watchers, this rebound may come as a surprise, but with four consecutive rate cuts from the Bank of Canada – and more likely to come on the horizon – it was only a matter of time until signs of renewed strength in demand showed up.”
There were 5,452 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in October 2024. This represents a 16.9 per cent increase compared to the 4,664 properties listed in October 2023. This was 20 per cent above the 10-year seasonal average (4,545).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,477, a 24.8 per cent increase compared to October 2023 (11,599). This total is also 26.2 per cent above the 10-year seasonal average (11,475).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2024 is 18.8 per cent. By property type, the ratio is 13.4 per cent for detached homes, 22.5 per cent for attached, and 22.2 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“While the strength in October's numbers is encouraging, one data point does not make a trend," Lis said. "Recent data shows that market conditions have been decidedly balanced, with prices easing over the past few months. With the recent uptick in sales however, the attached and apartment segments are now tilting toward a seller’s market with the detached segment not far behind, suggesting the recent period of price moderation may be nearing an end."
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,172,200. This represents a 1.9 per cent decrease over October 2023 and a 0.6 per cent decrease compared to September 2024.
Sales of detached homes in October 2024 reached 724, a 25.5 per cent increase from the 577 detached sales recorded in October 2023. The benchmark price for a detached home is $2,002,900. This represents a 0.3 per cent increase from October 2023 and a 1 per cent decrease compared to September 2024.
Sales of apartment homes reached 1,393 in October 2024, a 33.4 per cent increase compared to the 1,044 sales in October 2023. The benchmark price of an apartment home is $757,200. This represents a 1.6 per cent decrease from October 2023 and a 0.6 per cent decrease compared to September 2024.
Attached home sales in October 2024 totalled 501, a 40.7 per cent increase compared to the 356 sales in October 2023. The benchmark price of a townhouse is $1,108,800. This represents a 0.4 per cent increase from October 2023 and a 0.9 per cent increase compared to September 2024.
October 2024 - Market Bullet Points
Sales and Competition:
- Metro Vancouver home sales surged 31.9% year-over-year in October.
- Sales remained 5.5% below the 10-year seasonal average.
Residential Sales Data:
- October 2024: 2,632 sales, a 31.9% increase from October 2023.
- Sales were below the 10-year average of 2,784.
Market Dynamics:
- Buyer activity showed renewed strength, influenced by four consecutive Bank of Canada rate cuts.
- Market conditions shifted, with attached and apartment segments entering a seller's market.
New Listings:
- October 2024: 5,452 newly listed properties, a 16.9% increase from October 2023.
- Listings were 20% above the 10-year seasonal average.
Current Listings:
- Total properties listed: 14,477, a 24.8% increase from October 2023.
- Listings were 26.2% above the 10-year seasonal average.
Sales-to-Active Listings Ratio:
- Overall: 18.8%
- Detached homes: 13.4%
- Attached homes: 22.5%
- Apartments: 22.2%
- Upward pressure on prices is possible if the ratio remains above 20% over several months.
Interest Rates and Market Impact:
- Rate cuts likely spurred buyer activity after months of hesitation.
- Strong October sales hint at a potential end to recent price moderation.
Home Price Index:
- Composite benchmark price: $1,172,200.
- A 1.9% decrease from October 2023.
- A 0.6% decrease compared to September 2024.
Detached Homes:
- Sales: 724 in October 2024, a 25.5% increase from October 2023.
- Benchmark price: $2,002,900.
- A 0.3% increase from October 2023.
- A 1% decrease compared to September 2024.
Apartment Homes:
- Sales: 1,393 in October 2024, a 33.4% increase from October 2023.
- Benchmark price: $757,200.
- A 1.6% decrease from October 2023.
- A 0.6% decrease compared to September 2024.
Attached Homes:
- Sales: 501 in October 2024, a 40.7% increase from October 2023.
- Benchmark price: $1,108,800.
- A 0.4% increase from October 2023.
- A 0.9% increase compared to September 2024.
