Vancouver’s Downtown Market Analysis June 2008
by Maggie Chandler on July 19, 2008
in Downtown
Vancouver’s Downtown market in June saw an increase in sales and listings compared to May. The days on market was the same and so was the average price. 75% of the sales were under $500,000.
Listings – 740 (vs 669 in May). 430 listed under $500,000. 264 listed between $500,000 and $1 million. 40 listed between $1 and $2 million. 6 listed over $2 million.
There is a 5 1/2 month supply under $500,000, a one year supply between $500,000 and $1 million and a two year supply over $1 million.
2008 Listings Jan 420 , Feb 457 ,Mar 529 , Apr 630, May 669 , June 740
Sales – 102 (vs 86 in May). 77 sold under $500,000 and 23 sold between $500,000 and $1 million. One sold between $1 and $3 million and one sold over $3 million. There were 38 list price reductions and one increase.
2008 SALES – Jan 109, Feb 137 , Mar 139, Apr 114, May 86, June 102
Days on the Market – 32
Average Price $460,417
Sale Price to List Price Ratio 98%
Pre-sales: 999 Seymour, 1000 Richards, Dolce, Alto, Beasley. Just opened L’Hermitage.
Did you know you can search for Downtown listings on this site? Read my other posts on Vancouver’s Downtown.Buying or selling in Vancouver’s Downtown? Please fill out my contact form.this site is updated regularly, subscribe via RSS or email
Tagged as:
average price,
days on market,
downtown market analysis,
Vancouver Real Estate
Post by
WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
Providing trustworthy real estate services in the Vancouver area for over 30 years
has written 1921 articles.
{ 1 comment… read it below or add one }
Your “Vancouver Market Analysis” for June should include a comparison to June 2007.
You must log in to post a comment.