Vancouver Condo Prices Flat in May But House Prices Continue to Decline
by Maggie Chandler on June 4, 2012
in How's The Market
When Vancouver home buyers and sellers ask me how’s the Vancouver real estate market, I ask them what neighbourhood and type of property are they referring to? The REBGV stats for May show vancouver (west side) house prices are continuing to fall, with the average sale price now $2,244,174, down from the peak at $2,790,51. Average townhome price is currently $908,451, compared to $915,054 a year ago, and condos sit at $627,335 compared to $629,104 a year ago. Condos are outperforming houses and townhouses – more affordable and a local market. A good buyers market in all Vancouver real estate categories.
How Are Vancouver Property Sales Compared to a Year Ago?
Vancouver house sales are down almost 50% from a year ago, after peaking in February this year. Vancouver Townhomes sales in May are down 30% from a year ago. Vancouver Condos are performing the best with sales in a steady increase since January and only slighly less than May’11.
How are Vancouver Real Estate Listings?
Vancouver real estate listings for houses, townhouses and condos have been climbing since January. Vancouver Houses are equal to the peak of Oct’08. Vancouver Condos are higher than a year ago but lower than the peak in June’10.
P.S. I am your Vancouver real estate condo realtor!
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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.
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