By now I think Vancouver home buyers and sellers know the Vancouver real estate prices are dropping but different types of properties in different Vancouver neighbourhoods are performing differently, so be sure to choose an experienced neighbourhood realtor! The REBGV stats for June show the average Vancouver (west side) house sale prices UP,(graph) with the average sale price now $2,402,038, down from the peak at $2,790,51. Average townhome sale price is also up $109,131, compared to $853,984 a year ago, and condos sit at $600,964 compared to $627,621 a year ago. Still a good buyers market in all Vancouver real estate categories.
How Are Vancouver Property Sales Compared to a Year Ago?
Sales in all categories are still slipping. Vancouver house sales are down 50% from a year ago, after peaking in February this year. Vancouver Townhomes sales in June are down 30% from a year ago. Vancouver Condos peaked in Mar’11 and are down 10% from a year ago. Greater Vancouver sales were the lowest for the month since 2000
Vancouver Real Estate Listings Delcined in June
Vancouver real estate listings for houses, townhouses and condos have been climbing since January but decreased in June. Listings in all categories are higher than a year ago. Vancouver Houses are equal to the peak of Oct’08. Vancouver Condos are lower than the peak in June’10 and townhomes are down slightly from the peak in Nov’08. Go out and negotiate yourself a deal!
P.S. I am your Vancouver real estate condo realtor!
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