Above are the January Vancouver (west side) real estate graphs for houses, townhouses and condos. Sales down and listings up, in all categories.
Condo listings increased by 50% from 1000 to 1500 vs. nearly 2000 a year ago and are equal to May and Oct’09. 815 new listings in January, vs 349 in Dec, 621 in Nov, 833 in Oct and 798 in Sept. Sales decreased to 298 vs 397 in Dec, 483 in Nov, 529 in Oct and 477 in Sept. For the year, the busiest price range is $300,000 to $350,000 . Year to Date over $1 Million were 20 sales. Total of 298 sales for the year 177 in 2009.
Townhouse listings are just under 200 vs 375 a year ago. The new listings for the month 112 , vs 34 in Dec, 77 in Nov, 94 in Oct and 136 in Sept. Sales were for the month,30 vs 62 in Dec, 64 in Nov, 78 in Oct and 81 in Sept. Busiest price range is $750,000 to $850,000. 10 sales over $1M. 30 sales for the year vs 14 last year.
House listings - 400 vs 700 a year ago. New listings were 244 vs 86 a year ago. Jan 244 vs 86 in Dec, 136 in Nov, 238 in Oct and 310 in Sept. Sales dropped to 102 from vs 133 in Dec, 141 in Nov, 200 in Oct. January’09 sales were 46. There were 93 sales over $1 million for the year and a total of 102 for the year.
Vancouver reflections – prices remain in an uptrend, as do listings but sales are down. We anticipate a busy March-June period, which is when sellers traditionally get the highest price. We also anticipate an increase in listings after the 2010 Olympics and more buyers entering the market. How will it play out?
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