BCREA Graph Shows Vancouver Homes Sales Climb for 5th Consecutive Month
by Maggie Chandler on July 13, 2009
in Uncategorized
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province rose 40 per cent to 9,970 units in June 2009 compared to the same month last year. Activity in the month of June marked the fifth consecutive month of rising sales and the highest level of activity since January 2008, on a seasonally adjusted basis. 
“Housing markets around BC continued to post higher sales in June, fuelled by attractive mortgage rates and lower prices,” said Bryan Yu, BCREA Economist. “The larger urban regions of Greater Vancouver and Victoria exhibited balanced market conditions in June, while others have recorded improved market stability. Stronger demand and a decline in home listings are stabilizing home prices in many BC markets.”
Year-to-date, MLS® residential sales dollar volume was down 20 per cent to $16.3 billion over the same period last year. A total of 36,329 units were sold in the first six months of 2009, down 15 per cent from 2008, while the average MLS® price declined 5 per cent to $448,381.
For more information, please contact:
| Cameron Muir |
Damian Stathonikos |
when it’s time to buy or sell Vancouver real estate, contact Maggie, an experienced realtor marketing homes since 1981
Tagged as:
BCREA graph,
Vancouver Housing Market,
Vancouver Real Estate
Post by
WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
Providing trustworthy real estate services in the Vancouver area for over 30 years
has written 2063 articles.
{ 2 comments… read them below or add one }
Maggie,
I could “barely” afford a reasonable house during the lows of 2008, and now with the recent spring blip prices have edged slightly outside my price range once again. I would like to know if you think prices will moderate once again in the coming months so that I will once again be able to “afford” a reasonable house for my family.
I say “afford” because I have two friends who have bought houses, but are now so tight with their money because of mortgage payments, bills,..etc, that they almost never go out or do ANYTHING. They already seem like the poor families in their neighborhood since many of their neighbors bought their houses several years ago and do not have MONSTER mortgages. I also worry about their situation once mortgage rates increase even by one or two percent! I do not want to be like them. While they obviously managed to buy their house, I wouldn’t say they could truly “afford” it.
Maggie,
Last year, when prices were slightly lower than now, I felt for the first time that I could barely afford to buy a reasonable house for my family and myself. Now with the recent spring activity in the market prices have edged up again just enough to price me out. I wonder if you think there will be another downturn to the market so that I will once again be able to afford something?
I should mention that two of my friends have recently bought houses in neighborhoods with many people who bought at least 10 years ago when prices were much less. While I could afford what they did, I do not consider that truly “affording”. My friends are basically strapped for cash with a large mortgage, and do not spend money on ANYTHING these days. They are the poorest family in their neighborhoods in that regards “VanWest”. I do not want to be like them.
priced out.
You must log in to post a comment.