Vancouver Real Estate Statistics For January 2008
The Real Estate Board of Greater Vancouver (REBGV) has released their January 2008 statistics release. The headline is "New listings rise to start the New Year" as there were 14.9% more new listings this January in Greater Vancouver than in 2007 and 34.7% more than in 2006. This led REBGV president Brian Napthali to say “With new listings outpacing sales increases to start the year, it appears the market is heading toward more balance" and that “The result will be welcome for consumers looking for more time to undertake due diligence before making a buying or selling decision.”
Sales of apartments (condos) were up 11.7% over last January, but townhome sales were flat and detached home sales declined. Year over year prices in the City of Vancouver were up from 12.3% (Vancouver East attached homes) to 24.4% (Vancouver West detached homes). Maybe 12-15% per year is a balanced market in Vancouver?
You can find all the Vancouver and even Fraser Valley real estate statistics on my site.
Vancouver Average House Price Graph:
Fraser Valley Average House Price Graph:
Matthew Collinge: 604homes.com - Royal LePage Westside