Vancouver Property Graphs August 2008
September 10th, 2008 Categories: Real Estate News, Vancouver Real Estate
The Vancouver property graphs for August 2008 show vancouver houses appreciated 1.4% over the last year. Townhomes appreciated 2.5% and condos depreciated 0.l%
Total number of listings for Vancouver (west side) year to date are 6,556 for condos, versus 5,541 in 2007. The sales to listing ratio is 40%, versus 73% in 2007. The new listings for July 2008 were 848, versus 566 in August 2008 and 541 in August 2007.
Year to date sales for condos are 2,824 versus 4,334 in 2007. August saw 234 sales versus 301 in July and 501 in August 2007.
Median Vancouver condo price in August was $425,000, the same as in July. In August 2007 it was $438,000.
In Greater Vancouver residential property sales totalled 1,568 in August, declining 53.7% from 3,384 a year ago. New listings declined 1.7% from a year ago.
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