Downtown Vancouver Real Estate Statistics and Chart for August 2009

August 2009 in Vancouver real estate was another strong month. As the summer wore on, we saw some month to month declines in Sales but Supply continued to fall.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 448

After eight consecutive months of declining Active Listings, the most recent two saw a rise. This past month stopped that trend as Active Listings fell from 466 to 448. At it’s height, there were 818 active listings in September 2008 in the Downtown Vancouver condo maret.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 175

We had seen seven consecutive months of Sales. However, August saw Sales drop for the first time. There were 175 Sales in August from the 190 in the month before.

The Average Sale Price fell slightly to $438,000 from $441,000. This was the third month in the last seven that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell significantly to 40 (from 76). Average Price Per Square Foot for downtown Vancouver condos rose slightly to $605 from $594 in July 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 7 sales between $200,000 and $300,000, 81 sales between $300,000 and $400,000, 50 sales between $400,000 and $500,000, 22 sales between $500,000 and $600,000, 5 sales between $600,000 and $700,000, 4 sales between $700,000 and $800,000, 3 sale between $800,000 and $900,000, and 2 sales over $1,000,000.

The least expensive sale was a 31 year old 538 sq ft 1 bedroom that sold for $245,000. The most expensive downtown Vancouver condo that sold in August was a brand new 1287 sq ft 2 bed, 2 bath condo for $1,099,000.

Downtown Vancouver MLS Statistics - August 2009

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 July, 2009 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 hereor send me a quick email.

Copyright © 2009 Downtown Vancouver Real Estate in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Real Estate Agent with Royal LePage Westside ”Downtown Vancouver Real Estate Statistics and Chart for August 2009”