The February graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are slightly above their last peak, 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. Then it dropped about 20-25% and has now surpassed the highs of 2008.
Following are the stats for Vancouver West Side -
February saw listings down and sales up compared to January. Now a better selection for buyers who are returning to the market after the Olympics.
New Listings - Feb 907, Jan 1166, Dec 469, Nov 834, October 1155, Sept 1244, July 1069, Jun 1128. There were 904 new listings in Feb'09.
Sales - Feb 526, Jan 436, 592 in Dec 592, 688 in Nov, 807 in Oct, 733 in Sept, 795 in Aug, July 774, June 949. Year to date sales 956 vs 559 same period last year . In Feb 2009 there were 382 sales
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Vancouver condominium specialist. Waterfront neighbourhoods of Coal Harbour, Kitsilano, Downtown, False Creek North, Coopers Landing, West End & Olympic Village. Marketing Vancouver since 1981. A bou
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