Vancouver Realty Online

The Real Estate Board of Greater Vancouver presents the Greater Vancouver August 2010 statistics package including monthly sales and listing data plus long-run price and sales figures.

Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of
properties coming on to the market have been declining. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010.

This represents a 36 per cent decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4 per cent decline compared to July 2010. From a wider perspective, last month’s residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9 per cent decline compared to August 2007’s 3,384 sales, and a 26.6 per cent decline compared to August 2006’s 2,998 sales.

New listings for detached, attached and apartment properties declined 17.5 per cent to 3,750 in August 2010 compared to August 2009 when 4,544 new units were listed. Total active listings in Greater Vancouver currently sit at 15,421, a 6.1 per cent decline from last month and a 29 per cent increase from August 2009.

Please click HERE for the full report.

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from August 23 – August 30 courtesy susankeevil.com…

Downtown Attached Market Update August 23 – August 30 :

Supply conditions trended downwards this past week as new listings adjusted to meet lower-then-average demand through the last two weeks of August.  This past week we saw 146 new attached listings across Vancouver West (down from 166 new attached listings in the previous week).  The downtown neighbourhoods accounted for the majority of the supply decrease with 86 new attached listings (down from 108 new attached listings in the previous week).  The downtown core continued to be the most prolific listing neighbourhood due to density with 53 new attached listings, well False Creek North saw listing activity fall by 50% down to 8 new attached listings.  Coal Harbour remained relatively static with 12 new attached listings (when compared to 11 new attached listings last week).

Please click HERE for the full article.