Downtown Vancouver Real Estate Statistics and Chart for February 2009

Yet another month has passed. It’s time to look at what happened in the Downtown Vancouver real estate market. Vancouver had a much better February than January. If you’ve been reading my blog, you’ll have seen big increases in the weekly numbers for the city…but now it’s time to look at the neighborhoods.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only)

– 570

It is now five months in a row (and six out of seven) that active listings in downtown Vancouver have dropped. There were only 570 Active Listings (from 582 in January) in February, 2009. It’s not a big drop from last month, but every other neighborhood I follow saw at least a slight rise in listings…so it breaks that trend.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only)

– 87

Wow. There was a big jump in Sales for the downtown Vancouver real estate market. This is the second month in a row that we saw a big jump (from 24 to 49 and now to 87). The Average Sale Price fell once more to $374,000 (from $412,000). Of the units that sold, the cumulative Days on Market fell slightly to 93 (from 96). The Average Per Square Foot Price for downtown Vancouver condoos fell to $531 (from $556).

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 18 sales under $300,000, 40 sales between $300,000 and $400,000, 20 sales between $400,000 and $500,000, 8 sales between $500,000 and $600,000 and 1 sale between $100,000 and $1,100,000.

The least expensive sale was a 16 year old 440 sq ft studio that sold for $175,000. The most expensive downtown Vancouver condo that sold in February was a new construction, 1554sq ft 2 bed, 3 bath condo for $1,050,000.

Downtown Vancouver MLS Stats - February 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 January, 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 here or send me a quick email.

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