View the REBGV 34-Year Price Index and Sales Stats below.
To view market updates / sales statistics for other neighbourhoods, follow these links: Coal Harbour, West End, Yaletown, Downtown, Entire Downtown. Full REBGV report: REBGV Stats Package through October 2011 (PDF).
Click graph below to enlarge:
REBGV 34-year average price graph through October 2011
With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.
Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.
Click table below to enlarge:
Yaletown Monthly MLS Sales Stats to November 1st, 2011
For more information on the Downtown Vancouver Real Estate market or to have a Comparative Market Analysis done for your property, contact Kimmins and Associates.
