The graph for Greater Vancouver real estate shows the average price of Greater Vancouver homes, townhomes and condos. 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, 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 about 20-25% and surpassed the highs of 2008 in late 2009/early 2010 when it decreased about 5% and has now surpassed that loss for houses. Townhouses are lower than the peak and condos flat.
Following are the stats for Vancouver West Side -
October saw new listings decrease and sales up a tad , compared to Sept. Compared to Oct’09, new listings and sales were down. October Median price of houses increased, townhomes fell and condos were flat Prices for houses and condos remain higher than a year ago but townhomes are lower. The total number of listings is higher and the total number of sales are lower than a year ago.
New Listings 2010- Oct 861, Sept 1109, Aug 879 ,Jul 895, June 1307, May 1592, Apr 1781,Mar 1713, Feb 907, Jan 1166,
New Listings 2009 -Dec 469, Nov 834, October 1155, Sept 1244, July 1069, Jun 1128.
Sales -2010 - Oct 549, Sept 516, aug 511, Jul 553 ,June 419 ,May 742 ,Apr 820, Mar 581 ,Feb 526, Jan 436,
Sales 2009 - Dec 592, Nov 688, Oct 807, Sept 733, Aug 795, July 774, June 949.
Year to date total sales 5,923 vs 6,823 last year
Year to date total new listings 12,215 vs 10,142 lat year
Benchmark Price over the last year - houses up 9.2% , townhomes are up 4.2% and condos up 3.4%.
Benchmark Price over the last 5 years – houses are up 66.4%, townhomes are up 46.7% and condos 37.8%
2010 October median Price – houses $1.7M, townhomes $738,000, condos $474,000
2010 September Median Price – houses $1,660,000, townhomes $850,000, condos $473,000
2010 August Median Price – houses $1,680,000, townhomes $883,000, condos $478,000
2010 July Median Price– houses $1,612,350, townhomes $634,000, and condos $441,500
2010 June Median Price – houses $1,580,000, Townhomes $770,000 and condos $467,000
2010 May Median Price -Houses $1,688,000, Townhomes $805,000 and condos $463,000
2010 April Median Price – Houses $1,675,881, Townhomes $775,953, Condos $512,252
2010 March Median Price – Houses $1,745,000 , Townhouses $819,500 and condos $484,250
2010 February Median Price– Houses $1,688,000, Townhomes $804,000 and condos $488,000
2010 January Median Price – Houses $1,753,000, Townhomes $810,000 and condos $453,000
2009 December Median price – House $1,710,000, Townhouse $774000, Condo $446,750
2009 November Median Price - House $1,600,000, Townhouse $729,00, Condo $463,000
2009 October Median Price – House $1,523,000, Townhouse $750,000, Condo $447,000
2009 September Median Price -House $1,510,000, Townhouse $750,000, Condo $447,000
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from rebgv & deemed to be correct but should be verified and not relied upon
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