Vancouver Real Estate Graphs for august 2009 Show Prices Up

by Maggie Chandler on September 3, 2009

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avggraph1 Vancouver Real Estate Graphs for august 2009 Show Prices Up

The average price of Greater Vancouver houses increased in August, compared to July. Townhome and Condo prices dipped 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 and prices are back to where they were in mid to late 2006. Listings decreased in August and sales were up slightly, compared to July.

Following are the stats for Vancouver West Side

Listings – in Aug there were a total of 991 new listings vs 1128 in June and 1069 in July. In Aug 2008 there were 874 new listings. Total new listings for Jan-Aug 2009 were 7,833 Same period for 2008 were 10,068

Sales - in August there were a total of 795 west side sales vs 949 in June and 774 in July. In Aug 2008 there were 317. Year to date sales 5,283 . Same period last year 4,088.

1 Year change in Benchmark Price for condos – up 1.4% . Townhomes are down 3.9% and houses are up 2.9%.

Benchmark Price for condos over the last 5 years - condos are up 57%, townhomes are up 54% and houses are up 72%

August Median Price - House $1,523,000, Townhouse $675,000, Condo $438,000

July Median Price – House $1,368,000, Townhouse $720,000, Condo $429,000

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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Tagged as: real estate, Vancouver Real Estate, vancouver real estate graphs

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