British Columbia

vancouver real estate graphs for july 2009

08-25-09

maggie chandler: Real Estate Sales Person in Vancouver, BC

view my blog

Mobile: (604) 328-0077

Above are the Vancouver real estate graphs for July for houses, townhouses and condos on Vancouver's west side. The houses performed slightly different to the townhouses and condos.

Condo listings continue to decrease and are now less than 1500 from nearly 2500 a year ago. The monthly new listings are down slightly. Sales have increased every month since January and are the highest for the past 12 months. For the year, the busiest price range is $300,000 to $400,000 . Year to Date over $1 Million saw 104 sales in Vancouver West Side (up from 30 for the first quarter). Total of 2270 sales for the year.

Townhouse listings are lower than one year ago. The new listings for the month are up slightly but lower than a year ago. The sales for the month of June are the highest they have been for the last 12 months. Busiest price range is $500,000 to $650,000. 51 Sales over $1M. Total of 433 sales for the year.

House listings peaked in September and are 40% less than a year ago. . New listings for the month are up slightly but less than a year ago. Sales are at the highest level for the last 12 months and decreased slightly in June. There were 691 (up from 195 in March) sales over $1 million for the year and a total of 916 for the year. Prices levelling?

VIEW THE GRAPHS AND READ THE REST OF THIS POST

0 Comments

BC Housing Market Balanced

08-25-09

maggie chandler

view my blog

Mobile: (604) 328-0077

Vancouver, BC - August 14, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 53 per cent to 10,051 units in July 2009 compared to the same month last year. After six consecutive months of rising home sales and declining inventories, the province moved into balanced conditions in July, the first time since April 2008.

"Record home sales in Metro Vancouver and Victoria propelled the province into balanced conditions last month," said Cameron Muir, BCREA Chief Economist

read the rest of the post

0 Comments

first annual kitsfest in vancouver

08-25-09

maggie chandler

view my blog

Mobile: (604) 328-0077

Featuring the First Annual Kitsfest! August 14-16. Voted one of the sexiest beaches in the world by Forbes

Originally a First Nations Beach, Kitsilano was named after Chief Khahsalino and was know as Greer's Beach in the late 1800s - after Sam Greer, an Irish settler who claimed the real estate which actually belonged to the Railway. Greer Avenue on Kits Point is named after him. His daughter married the first Notary public in BC and they built Killarney Manon on Point Grey Road, which as developed into the condo building after she died.

Drop by and join in the basketball and tennis tournaments, enjoy '70s Motown music, a bistro serving up delicious and healthy food.

View their website

0 Comments

vancouver real estate analysis for west end, july 2009

08-25-09

maggie chandler

view my blog

Mobile: (604) 328-0077

Compared to June, Vancouver real estate in the West End saw July listings drop to 164, the lowest for the year, having reached a record high in November. Sales climbed from 26 in January to 75 in July., down slightly from June. The days on the market for condos that sold dropped to 43, compared to 69 in January. The average selling price was $449,995. A whopping 75% of the sales were under $500,00 and only 3 sales over $1M. The list price to sale price ratio rose to 98%, the highest for the year. The West End inventory dropped again to just only 2.1 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is $561,up from $471 in November and equal to a year ago. Higher price ranges still soft. Prices at the bottom now moving up. Market stable and in need of more listings. We shall see what Fall brings.

Listings - 164. 17 listed under $300,000 (including 4 under $200,000). 51 listed between $300,000 and $400,000. 27 listed between $400,000 and $500,000. 32 listed between $500,000 and $1M and 20 listed between $1M & $2M and 12 listed over $2M.

Least expensive - $189,00 for a leashold studio

Most expensive - $5,698,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »

0 Comments

Weekly Vancouver Real Estate Update - August 10th 2009 - Sales Surge

08-25-09

Sebastian Albrecht

view my blog
Office: (604) 261-9311

Mobile: (604) 831-4837

After months of moving from strength to strength, the Vancouver real estate market finally took a bit of a breather last week. The previous week had been the strongest we’d seen in years and it showed no sign of slowing, but slow it did.

New Listings - Vancouver

New Listings swelled during this week to reach 386 from just 296 the week before. With inventory levels incredibly low in Vancouver at the moment, this is more than welcome. Eager buyers are anxious to see new listings come onto the market and this 30% increase over last week is a good start.

Home Sales - Vancouver

Sales bounced back stronlgy from just 158 the previous week to 383. This 142% increase gave us the highest number of sales in a week since I've begun recording these weekly statistics.

Sell/List Ratio - Vancouver

Back up close to 100% this past week saw the Sell/List ratio reach 99.22%. This was an increase of +45.84 over the 53.38%. Price Change - Vancouver Price changes rose to 106 from 74 the previous week. This was the first time in three weeks that we saw this number rise and this was a +43.24% increase.

Active Listings - Vancouver

It seems as though I have been reporting new records just about every week or every month. This week is no exception as we hit a new low for Active Listings (-3.39%) at just 3110. To balance this market we hope to see the number of Active Listings begin to rise at the beginning of the busy fall season in September.

The Bottom Line

It would appear that the previous week was a bit of an anomoly. August is typically one of the slowest months in the Vancouver real estate market. This year has been exceptional and it looks as though the first week of the month may have been the only slowdown this year. Weekly MLS Website Update - August 10th

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate marketgenerally you can check out this page. Are you thinking of buying or selling, or just have questions then you can contact me here or send me a quick email. Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Vancouver Real Estate Update - August 10th 2009 - Sales Surge”

0 Comments