Vancouver’s Downtown Market Analysis July 2008
August 16th, 2008 Categories: Downtown, Vancouver Housing Market, Vancouver Real Estate
Vancouver’s Downtown market in July saw listings level off (745 vs 740 in June). The sales were down to 65 from 102 in June. The average days on market was up to 39, from 32. The average price was down to $403,000 from $460,000. 80% of the sales were under $500,000 ( vs 75% in June) and no sales over $800,000….very much a bottom end market.
Listings - 745
Vancouver’s Downtown has a months supply for condos listed under $500,000. A months supply for listings between $500,000 and $1 million and no takers for condos over $900,000 this month.
2008 Listings Jan 420 , Feb 457 ,Mar 529 , Apr 630, May 669 , June 740, July 745
Solds 65. 23 had list price reductions, 1 had a list price increase!
52 sold under $500,000 and the rest sold under $800,000.
2008 SALES - Jan 109, Feb 137 , Mar 139, Apr 114, May 86, June 102, July 65
Expired Listings (didn’t sell) 67 vs. 48 in June and 20 in July’07
Days on the Market - 39
Average Sale Price - $403,793
Average $ pr sq ft - $598
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Vancouver’s Downtown Market Analysis June 2008
July 19th, 2008 Categories: Downtown, Vancouver Housing Market, Vancouver Real Estate
Vancouver’s Downtown market in June saw an increase in sales and listings compared to May. The days on market was the same and so was the average price. 75% of the sales were under $500,000.
Listings - 740 (vs 669 in May). 430 listed under $500,000. 264 listed between $500,000 and $1 million. 40 listed between $1 and $2 million. 6 listed over $2 million.
There is a 5 1/2 month supply under $500,000, a one year supply between $500,000 and $1 million and a two year supply over $1 million.
2008 Listings Jan 420 , Feb 457 ,Mar 529 , Apr 630, May 669 , June 740
Sales - 102 (vs 86 in May). 77 sold under $500,000 and 23 sold between $500,000 and $1 million. One sold between $1 and $3 million and one sold over $3 million. There were 38 list price reductions and one increase. Read the rest of this entry »
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Downtown Vancouver Market Analysis May 2008
June 12th, 2008 Categories: Downtown, Vancouver Housing Market, Vancouver Real Estate
Vancouver’s Downtown market in May saw a slight increase in listings over April, a 30% drop in sales but an increase in the average price.
Listings - 669 vs 630 in April and 420 in January.
The least expensive condo listed in Vancouver’s Downtown is a studio for $215,000 and the most expensive is a Penthouse at 499 Drake for $4,990,000 for 4772 sq.ft.
There were 164 price reductions and 15 price increases (dah…price increases? )
377 are listed under $500,000. 251 are listed between $500,000 and $1 million. 33 are listed between $1 and $2 million and 7 over $2 million.
Sales 86. Of those Vancouver Downtown condos that sold in May, 21 had price reductions (25%) and 2 had price increases. Read the rest of this entry »
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