How Does Your Neighbourhood Compare?

January 23rd, 2008 Categories: Vancouver Real Estate

Perhaps you live in a specific n’hood and wish to move up to a larger property but find it expensive, so you are wondering how other neighbourhoods compare in price? Or maybe you’re a first time buyer and renting, love your hood but cant afford to buy a property in it.

REBGV puts out these stats on vancouver west n’hoods (benchmark prices) as at December 2007. In brackets is the price change for the past year.

Cambie $412,000(16.7%)/Coal Harbour $613,000(2.8%)/Downtown $427,000(14.8%)/Fairview $459,000(18.7%)/False Creek North $811,000(12.7)/Kerrisdale $536,000(15.4%)/Kitsilano $423,000(9.1%)/West End $443,000(9.9%)

Appreciation over the last 5 years: Cambie 98.2%./Coal Harbour 111.7%/Downtown 110%/Fairview 98%/False Crrek North 137%/Kerrisdale 84%/Kits 98%/West End 96%

Appreciation over the last year for West Side house 27%(best apprciation in the Lower Mainland), townhomes 13% and condos13.7%.

Vancouver East houses appreciated 14.3%, townhomes 11.7% (Richmond was the highest at 14.7%)and condos a whopping 18.8% (best condo apprciation in the Lower Mainland)

What municpality and what neighbourhood do you think has the best upside?