September 2011 Real Estate Update

(October 04, 2011 )

HOME LISTINGS CONTINUE TO RISE IN THE GREATER VANCOUVER HOUSING MARKET


Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers market.
Out of the 204 North Vancouver detached homes listed; just 39% sold and out of the 196 apartments listing 24% sold in Sept 2011. 
In West Vancouver there were 189 homes listed in Sept 2011 and 38% sold and out of the 34 apartments listed 32% of those sold.
Here are the facts....
NORTH VANCOUVER STATS
Single family home benchmark price $973,4691 year change up 11.1%3 year change up 19.4%5 year change up 27.6%
Town homes benchmark price $637,9871 year change up 0.4%3 year change up 10.4%5 year change up 18.6%
Apartment benchmark price $377,2611 year change down -1.6%3 year change down -0.2%5 year change up 10.4%
WEST VANCOUVER STATS
Single family home benchmark price $1,735,5331 year change up 18.9%3 year change up 21.1%5 year change up 22.1%
Apartments benchmark price $733,9811 year change up 15.8%3 year change up 21.2%5 year change up 22.1%