Which Neighbourhoods Are Performing the Best for Vancouver Real Estate?
by Maggie Chandler on August 7, 2012
in How's The Market
The Vancouver real estate market is somewhat confusing. The big run up in house prices, due to Mainland Chinese buyers, has cooled and prices are decreasing – but are they?? Vancouver Houses began the downturn in the Spring and now some Vancouver neighbourhoods are seeing prices move up whilst condos which were flat are now decreasing. Vancouver West condos are down 8% over the last year, townhomes are down 9% but houses are UP 0.7% having bottomed in May and now increasing. Perhaps Vancouver real estate is more resilient than buyers wish for! Will the market continue to roller coaster or drop ? What do you think?
July 2010 Average Sale Price
increase/decrease over the last year for condos and (townhomes)
- Cambie +10%
- Coal Harbour -24%
- Downtown -9.7%
- Fairview -11.8% (-2.6)
- False Creek -23% (-9.2)
- Kitsilano -4.6% (+1.6)
- Marpole -1.3%
- Mt Pleasant West -6.3%
- UBC -12% (+11)
- West End -8%
- Yaletown + 7.6%
Greater Vancouver Municipalities – Average Sales Price Vs a Year Ago for Houses (condos)
- Burnaby +15% (-1)
- Coquitlam -4.6% (-3.5)
- Ladner -4.9% (+12)
- Maple Ridge -28% (-26)
- New West -6% (-3.7)
- North Van +14.2% (-3.8)
- Pitt Meadows -7.4% (-12.3)
- Port Coquitlam -6.5% (-4.3)
- Port Moody -8% (-0.6)
- Richmond -4.2% (-10.9)
- Squamish +13 (0)
- Sunshine Coast -3.7% (-4.7)
- Tsawwassen -23% (-12)
- Vanc East -0.4% (+5.8)
- Vanc West -0.7% -(8.1)
- West Vanc +7.6% (-39.2)
- Whistler -5.3% (+40)
P.S. I am your Vancouver real estate condo realtor! hpper-local info and decades of experience!
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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
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The Vancouver real estate market is somewhat confusing. The big run up in house prices, due to Mainland Chinese buyers, has cooled and prices are decreasing – but are they?? Vancouver Houses began the downturn in the Spring and now some Vancouver neighbourhoods are seeing prices move up whilst condos which were flat are now decreasing. Vancouver West condos are down 8% over the last year, townhomes are down 9% but houses are UP 0.7% having bottomed in May and now increasing. Perhaps Vancouver real estate is more resilient than buyers wish for! Will the market continue to roller coaster or drop ? What do you think?
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