Vancouver Real Estate Graphs
November 8th, 2009 Categories: Real Estate
The October graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are nearly back to the top, having regained what they lost last year. 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, 1989,1993 and 2008. Vancouver real estate didn’t appreciate much between 1994 and 2002 but they did between 2002 and 2008 and are now testing the highs of 2008.
Following are the stats for Vancouver West Side
Listings decreased from September but sales were up and the highest since June. Normally the market will ease up going into Christmas, we shall see if that happens this year.
Listings – in Oct there were a total of 1155 new listings vs 1244 in Sept, 1069 in July and 1128 in June. In Oct 2008 there were 1116 new listings. Total new listings for Jan-Oct 2009 were 10,242, Same period for 2008 were 12,595
Sales - in Oct there were a total of 807 west side sales vs 733 in Sept, 795 in Aug, 774 in July and 949 in June. In Oct 2008 there were 733. Year to date sales 6823 . Same period last year 4,668
1 Year change in Benchmark Price - houses up 16.6% , townhomes are up 14.6% and condos are up 9.2%.
Benchmark Price over the last 5 years - condos are up 61%, townhomes are up 57% and houses are up 84.6%
October Median Price - House $1,570,000, Townhouse $770,400, Condo $477,000
September Median Price – House $1,523,000, Townhouse $750,000, Condo $447,000
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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