Here are the Downtown Vancouver real estate market statistics for December, 2009. The chart above provides you with a visual depiction of the real estate statistics for the past year.
Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 630
Once again, Active Listings fell in the month of December. That makes three months in a row and four out of the last five months and we now sit at 630 Active Listings in downtown Vancouver. That number puts us on par with the number of Active Listings way back in April of 2008.
Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 24
For the fourth month in a row, sales dropped. We went from 40 sales in November down to 24 in December. The Average Sale Price for Downtown Vancouver condos rose for the third month in a row to $443,000 (up from $432,000). Of the sold units, the cumulative Days on Market rose for the second month in a row to 113 (from 101). The Average Per Square Foot Price for Downtown Vancouver condo sales in December 2008 was $580 (up from $575).
Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)
There were 3 sales under $300,000, 12 sales between $300,000 and $400,000, 7 sales between $400,000 and $500,000, 1 sale between $500,000 and $600,000 and 1 sale at $2,045,000.
The least expensive sale was a one year old 510 sq ft studio that sold for $238,000. The most expensive downtown Vancouver condo that sold in December was a brand new 1840 sq ft 2 bed, 3 bath condo for $2,045,000.
More Information on Vancouver Real Estate
There is more information on Downtown Vancouver real estate on this page, or search Downtown Vancouver homes for sale right here. Should you want to learn more about the Vancouver real estate market generally you can check out this page.
You can check out the Downtown Vancouver MLS statistics for November, 2008 right here, or all of my blog postings on Downtown Vancouver real estate here.
If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.
Copyright © 2009 Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside”Downtown Vancouver Real Estate Statistics and Chart for December 2008”
|
|
|
|
|
|
Related posts:
- Downtown Vancouver Real Estate Statistics and Chart for August 2009
- December 2009 Real Estate Board of Greater Vancouver MLS Statistics
- Fairview Vancouver Real Estate MLS Statistics and Chart for August 2009
- Mount Pleasant Vancouver Real Estate MLS Statistics and Chart for August 2009
- Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect
{ 1 trackback }
{ 2 comments… read them below or add one }
It seems that you average sale price have been holding up, but if i get the chart right the actives have come down seasonally but the list to sold ratio is low.
Are you having the same problem as we are in the US?
Richard
Yeah, the average sale price in Downtown Vancouver has held up nicely. Actives have fallen considerably, as has the list to sold ratio.
We haven`t had the same problems you`ve had in the US. However, I think that the end of our market cycle has been a direct result of what`s happened to the south of us. As your market and economy headed into negative territory, so did our market and consumer sentiment. The result has been the end of the Vancouver real estate market`s strong bull run.
Sebastian