Vancouver Real Estate Average Price Graph
by Maggie Chandler on October 14, 2009
in Uncategorized
The average price of Greater Vancouver houses dropped slightly in September, compared to August. Townhome and Condo prices were up slightly. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present. The Vancouver market peaked in 1981, 1990, 1995 and 2008. Vancouver condos didn’t appreciate much between 1990 and 2002 but they did between 2002 and 2008. The above graph shows prices have recovered remarkably well and are not much below the peak of 2008. Listings and sales for Greater Vancouver increased in September compared to August.
Following are the stats for Vancouver West Side
Listings – in Sept there were a total of 1244 new listings vs 991 in August. In Sept 2008 there were 1391 new listings. Total new listings for Jan-Aug 2009 were 9,078 Same period for 2008 were 11,465
Sales - in September there were a total of 733 west side sales, down from 795. In Sept 2008 there were 308. Year to date sales 6,016 . Same period last year 4,396
1 Year change in Benchmark Price for condos - up 3.4% . Townhomes are up 2.2% and houses are up 10%.
Benchmark Price for condos over the last 5 years - condos are up 57%, townhomes are up 55% and houses are up 79%
September Median Price - House $1,510,000, Townhouse $750,000, Condo $447,000
August Median Price – House $1,523,000, Townhouse $675,000, Condo $438,000
Vancouver Reflections: vancouver west side market is levelling off, number of sales in September were down from August but prices still strong. It takes more showings to sell a property. This may be a good thing after the busy spring and upswing in prices.
When you’re ready to buy or sell Vancouver real estate, contact Maggie, an experienced agent marketing Vancouver real estate since 1981.
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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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