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

Real Estate Update for Vancouver Homes

by Maggie Chandler April 2, 2011 Home Prices and Trends

Even the very hot and much sought after Vancouver (west side) house market saw sales for March down to 208, from 263 in February.

February stats show average days on market 28. Sale price to list price ratio 102%, indicating that buyers are still paying above list price for these prime homes. Average sale price $2,361,876.

March stats …

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Market Update – Vancouver Real Estate Market News

by Maggie Chandler April 2, 2011 Home Prices and Trends

A quick snapshot on Vancouver home prices and trends in March show Vancouver west side condo sales dropped , as did days on the market, but the average sale price increased. I can’t remember the last time I saw March sales lower than February. Clearly the new mortgage rules spurred the Vancouver real estate market …

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Luxury Vancouver Homes for Sale

by Maggie Chandler April 1, 2011 Home Prices and Trends

Vancouver’s luxury home market in February had a big month with 10 condo sales over $2M. No doubt the Chinese new year had a lot to do with this stat.

Average days on market for those that sold was 97 and sellers moved an average of 11% off their list price.

Most expensive sale was the Penthouse at …

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The 10 Most Expensive Streets in the World and How Vancouver Compares

by Maggie Chandler March 29, 2011 Home Prices and Trends

How does Vancouver’s high real estate prices compare with the most expensive addresses in the world? According to data compiled by Financial News, we’re still well off the top 10 and we have a long way to go baby!

Belmont Avenue, near UBC, in Vancouver, is one of our most expensive streets, averaging $5,673 pr sq …

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Can I Pay off My Mortgage Sooner?

by Maggie Chandler March 28, 2011 First Time Buyers

So you’re buying your first Vancouver home and you’re unsure how long you’ll live there. You have questions about paying off your mortgage sooner. Let’s look at 5 ways you can save money on your mortgage.

Most mortgages are portable, so if you sell before the term is due you should be able to move the …

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How Is the Vancouver Real Estate Market?

by Maggie Chandler March 25, 2011 Home Prices and Trends

The real estate market in Vancouver has been slower in March than it was for the first two months of the year but March sees the average sale price up and the average days on the market down. So, fewer sales but higher prices and homes selling faster

March is always a busier month than January …

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East Vancouver Real Estate Graphs for February 2011

by Maggie Chandler March 10, 2011 Home Prices and Trends

February was a busy month for East Vancouver! Active listings up in all categories but only the house inventory remained lower than a year ago.

Sales in all categories were also up.

Average price of a East Vancouver home spiked from $600,000 a year ago to $800,00, as more west siders move east where the real estate …

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Vancouver Real Estate Average Price Graph for February 2011

by Maggie Chandler March 9, 2011 Home Prices and Trends

The Vancouver average price graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present. As you can see, houses are outperforming !

The Vancouver market peaked in 1981, 1989,1993 and 2008. Vancouver real estate didn’t appreciate much between 1994 and 2002 but it did between 2002 and 2008. Then it dropped …

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Vancouver Real Estate Graphs for February 2011

by Maggie Chandler March 8, 2011 Home Prices and Trends

Has Spring come early for Vancouver real estate this year? February rocked! Here are the February Vancouver (west side) real estate graphs for houses, townhouses and condos.

House sales clocked in at the highest in the last 12 months. Townhome and condo sales were the highest since June last year. Dollar Volume for houses,townhomes and condos …

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REBGV Reports Increased Housing Demand in February

by Maggie Chandler March 3, 2011 Local Market Data

In the old days different types of properties in the Vancouver real estate market pretty much did the same thing at the same time. Those days are gone.

Vancouver’s house market is now supported by huge numbers of Mainland Chinese buyers and prices are moving up , way up, and moving fast. Vancouver’s townhome and condo …

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