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.

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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.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from August 16 – August 23 courtesy susankeevil.com…

Downtown Attached Market Update August 16 – August 23 :

Across Vancouver West we saw 74 confirmed attached sales this week (down from the 108 confirmed sales in the previous period).  The downtown core continued to lead the way with 22 confirmed attached sales, well Coal Harbour continued to struggle with just 2 attached sales this past week (though the neighbourhood also posted lower-then-average supply figures with 11 new attached listings). The downtown neighbourhoods posted a below-average sales to listing ratio this past week with 38 confirmed attached sales to 108 new attached listings or roughly a 35% saturation rate.

Please click HERE for the full article.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from August 2 – August 9 courtesy susankeevil.com…

Downtown Attached Market Update August 2 – August 9 :

Supply conditions remained relatively static through the first week of August after trending downwards to end July.  Across Vancouver West we saw 176 new attached listings this week (we’ve seen similar supply levels over the past 3-weeks) with the downtown neighbourhoods accounting for 96 new attached listings or roughly 55% of all Vancouver West attached supply.  Coal Harbour remained quite busy on the supply side after posting small supply numbers through the early Summer months with 18 new attached listings (confirmed sales volume in Coal Harbour has remained on the low side).  The downtown core remained relatively static with 46 new attached listings.

Please click HERE for the full article.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from July 12 – July 19 courtesy susankeevil.com…

Downtown Attached Market Update July 12 – July 19 :

Supply conditions continued to tighten in the downtown markets with 89 new attached listings this past week (compared to 118 attached listings downtown in the previous period).  As a whole Vancouver West attached supply trended downwards after posting a slight recovery in the previous week with 172 new attached listings (down from 209 new attached listings in the previous week).  Entry level downtown conditions remained very tight as sub-$500,000 properties continued to move with regularity and relatively low days on the market numbers.  The luxury markets continued to provide potential buyers with more options as supply conditions remained relatively loose as we saw 14 new attached listings in Coal Harbour to 6 confirmed sales in the neighbourhood.

Please click HERE for the full article.

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