| The summer market typically slows during the | | | | $503,500 to $563,000, an increase of 12%. Single |
| peak of the season. The kids are off school and | | | | detached home prices went from a median of |
| mom and dad have vacation time from work so | | | | $660,000 to $755,000 representing a 14% year |
| don't really want to be bothered with moving or | | | | over year increase. |
| buying investment real estate. I like to keep this | | | | Vancouver West, Units Sold |
| blog more casual and fun with personal accounts | | | | Unit sales were down across the board for |
| but numbers guide my business (and most | | | | Vancouver west. Apartment units sales went |
| others) so I have decided to take a quick look at | | | | from 627 to 419 representing a decrease of |
| some of the sales stats for Vancouver West and | | | | 33%. Attached homes decreased from 122 to 81 |
| East respectively given that we are half way | | | | (down 44%) and single-family detached home |
| through 2010. | | | | sales declined from 200 to 147 or 27%. |
| Vancouver East, Units Sold | | | | Vancouver West, Median Prices |
| The number of apartment/condo sales in east | | | | Median prices experiences increases across the |
| Vancouver dropped from 165 to 103 from June | | | | board for all types of housing in Vancouver west. |
| 209 to June 2010. Down 38%. Detached or single | | | | Roughly speaking, Vancouver west includes |
| family home sales dropped from 238 units in June | | | | everything west of Cambie Street including |
| 2009 to 145 in June 2010. Down 39%. Attached | | | | downtown. Condos increased from a median price |
| homes (townhouse or duplex) sales showed an | | | | of $426,000 in June 2009 to $467,000 in June |
| increase from 59 units sold in 2009 to 63 units | | | | 2010 representing an increase of 9.6%. |
| sold in June 2010. This does seem to buck the | | | | Townhouse and duplex properties increased form |
| downward trend and while it might look positive, | | | | $730,000 to 770,000 representing an increase of |
| keep in mind the numbers could well be skewed | | | | 5.5%. Single detached homes on the west side of |
| by a certain townhouse development that came | | | | Vancouver increased in price from $1,398,000 to |
| online and sold out during the month of June. | | | | $1,580,000 representing an increase of 13%. |
| Vancouver East, Median Prices | | | | So, prices are up but for how much longer? With |
| Prices were up across all types of housing year | | | | all the new inventory that I have seen come to |
| over year. Apartment/condos went up from a | | | | market over the past three months, simple |
| median price of $300,500 to $333,050; an | | | | economics says pressure on prices must be |
| increase of 11%. Attached prices went up from | | | | downward. |
