An Overview of the Vancouver Real Estate Market

In this section we feature graphs and statistics, market data and updates, as well as current local news pertaining to the vancouver real estate market and its specific neighbourhoods. We also feature monthly neighbourhood graphs and stats

No March Madness for British Columbia Real Estate This Year

by Maggie Chandler April 18, 2012 How's The Market

BCREA reports that the dollar volume of British Columbia homes sold on MLS declined 26.5 % in March compared to Mar’11. There was also a decline of 20 per cent. in residential sales for the same period, bringing the average price for residential units to $545,959 , a 8.1% drop from March 2011.

March 2011 Saw a …

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Are Vancouver Real Estate Prices Moving Up?

by Maggie Chandler April 11, 2012 How's The Market

Clients are always asking me how’s the property market? Are Vancouver real estate prices up or down and by what percentage? I ask them what type of property are they referring to and what neighbourhood and what time frame. The market used to do the same thing for all types of properties and all neighbourhoods …

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How is the Vancouver Real Estate Inventory?

by Maggie Chandler April 4, 2012 How's The Market

How’s the Vancouver (west side) real estate market? Is the inventory up or down compared to a year ago? Good time to sell or sit it out and wait for inventory to drop?

The highest inventory for condos are 2 bedrooms

1,2 and 3 bedrooms are all a tad higher than a year ago

For townhomes the …

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How Long Does it Take to Sell A Vancouver Property?

by Maggie Chandler April 4, 2012 Home Prices and Trends

When you decide to sell your Vancouver property, pay attention to the number of days it takes to sell a property like yours in your neighbourhood.

The time frame has increased for Vancouver homes, townhomes and condos compared to a year ago. Homes are selling the quickest.

Days on Market for Vancouver West.

Buying or selling Vancouver Real …

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How are Real Estate Sales for Vancouver West?

by Maggie Chandler April 3, 2012 Home Prices and Trends

March saw Vancouver’s west side house sales down to 152 (peaked in Mar’11 at 282)

townhomes up to 68 (peaked in Jun’09 at 123)

condos up to 396 (topped in Jun’09 at 826 sales)

Jan’09 was the lowest month for sales since 2006. View the chart below.

Sales for Vancouver West.

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The Average Real Estate Sale Price Slips in March

by Maggie Chandler April 3, 2012 Home Prices and Trends

How’s the Vancouver real estate market? What did the average sale price do in March?

Houses topped at $2,790,531 in Dec’11 and are now $2,400,672 (equal to May’11)

Townhomes topped at $1,030,800 in Jan’10 and now sit at $979,510. (equal to Apr’11)

Condos topped at $683,322 in Feb’12 and are now at $617,942, (equal to Feb’10).

Average Sales …

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Greater Vancouver Real Estate Prices and Listings Rise in March but Sales Drop

by Maggie Chandler April 3, 2012 How's The Market

Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouverreached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase comparedto …

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What’s the Average Price of Vancouver Condos by Size Range?

by Maggie Chandler April 2, 2012 How's The Market

What’s the Average price by size range for Vancouver (west side) condos? There’s not much difference in average price between the 700-800sf vs. 800-900sf but there’s a big jump between the 800-900sf and the 900-1000sf.

The smaller ones are, of course, the best value.

under 600sf – $344,541
600-700sf – $392,007
700-800sf – $472,787
800-900sf – $512,893
900-1000sf – $613,334
1000-1100sf – …

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Drilling Down on Vancouver Condo Stats – Real Estate Market in Vancouver

by Maggie Chandler March 29, 2012 How's The Market

Clients ask me lots of good questions such as – what’s the sales to listing ratio for different sizes of Vancouver condos? Which size has the best sales/listings ratio?

If you’re a motivated seller, this condo stat will help you to price your property right. It’s a good buyers market! Condos under 600sf are the winner!

February …

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