Vancouver Realty Online

Vancouver Realty Online is proud to present (courtesy of coalharbourscondos.com and susankeevil.com) the Coal Harbour Quarterly report for quarter 2 2010. The report features a building-by-building activity tracker, up-to-date news releases from the Real Estate Board of Greater Vancouver and more!

“Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witnessed in June 2008, a period of recession as we all know,” Jake Moldowan, REBGV president said.

“We didn’t experience any record-breaking activity in June, but we did see a stable summer market,” said Moldowan. “The number of new listings coming on the market is not as dramatic as we saw over the previous three months and demand remains at a healthy level for this traditionally quieter time of year”.

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

Over the last 12 months, the overall MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 11.8 per cent to $580,237 from $518,855 in June 2009. Sales of detached properties in June 2010 reached 1,139, a decrease of 31.7 per cent from the 1,667 detached sales recorded in June 2009 and a 24.1 per cent increase from the 918 units sold in June 2008. The benchmark price for detached properties increased 13.4 per cent from June 2009 to $795,025.

Sales of apartment properties reached 1,258 in June 2010, a decline of 29.7 per cent compared to the 1,790 sales in June 2009 and an increase of 19 per cent compared to the 1,057 sales in June 2008.The benchmark price of an apartment property increased 9.7 per cent from June 2009 to $391,528.

Attached property sales in June 2010 totalled 575, a decline of 28.3 per cent compared to the 802 sales in June 2009
and a 27.8 per cent increase from the 450 attached properties sold in June 2008. The benchmark price of an attached
unit increased 11.6 per cent between June 2009 and 2010 to $492,861.

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 June 28 – July 5 courtesy susankeevil.com…

Downtown Attached Market Update June 28 – July 5 :

Attached listing activity trended downwards in the downtown markets after posting aggressive numbers for much of the second quarter 2010; we saw 104 new attached listings downtown (compared to an average of 130-150 new attached listings in the previous month).  False Creek North and Coal Harbour posted the lowest supply numbers with 7 and 11 new attached listings in each neighbourhood well the downtown core continued to remain relatively stable with 65 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 June 14 – June 21 courtesy susankeevil.com…

Downtown Attached Market Update June 14 – June 21 :

New attached listing activity remained relatively consistent this past week with 242 new attached listings across Vancouver West; which is within the normal range we’ve come to expect through the first half of 2010 with an average new listing range of between 230-270 new attached listings per week.  The downtown neighbourhoods accounted for a slightly larger share of new listing volume with 134 new attached listings or roughly 55% of all new attached listing supply across Vancouver West.  Among the downtown neighbourhoods the ratios also stayed quite stable with the downtown core neighbourhoods continuing to post around 50% of listing activity with 67 new attached listings;  the West End was the next busiest listing area with 30 new attached listings, well False Creek North and Coal Harbour were less prevalent with 17 and 20 new attached listings respectively.

Please click HERE for the full article.

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