The graph for Greater Vancouver real estate shows the average price of Greater Vancouver homes, townhomes and condos topping. 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 but is down about 5% so far in 2010.
Following are the stats for Vancouver West Side -
June saw new listings and sales decrease, compared to May. Sales were lower and listings higher than Jun’09. Median price of houses and townhomes are down and condos flat, compared to May . Prices remain higher than a year ago but the median price is softening.
New Listings 2010- June 1307, May 1592, Apr 1781,Mar 1713, Feb 907, Jan 1166,
2009 -Dec 469, Nov 834, October 1155, Sept 1244, July 1069, Jun 1128. There were 1,130 new listings in Jun’09.
Sales -2010 June 419 ,May 742 ,Apr 820, Mar 581 ,Feb 526, Jan 436,
2009 - Dec 592, 688 in Nov, 807 in Oct, 733 in Sept, 795 in Aug, July 774, June 949.
Year to date sales 3,794 vs 3,619 same period last year . In Jun 2009 there were 948 sales.
Benchmark Price over the last year - houses up 20.3% , townhomes are up 13.6% and condos are up 9.7%.
Benchmark Price over the last 5 years - condos are up 77.7%, townhomes are up 49.2% and houses are up 47.5%
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
November Median Price - House $1,600,000, Townhouse $729,00, Condo $463,000
October Median Price – House $1,523,000, Townhouse $750,000, Condo $447,000
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from rebgv & deemed to be correct but should be verified
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