June 2009 in Vancouver real estate was yet another strong month. In fact, it was the second strongest June on record. We saw inventory levels (active listings) continue to fall while demand (sales) strengthened.
Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 462
After three consecutive months of declining Active Listings we finally saw a rise in the month of June 2009. Downtown Vancouver condo listings rose from 425 to 462. This was just the second time in the last ten months that listings rose. 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) – 185
Yet again, Sales rose impressively in Downtown Vancouver in the month of June 2009. There were 157 Sales in May and this jumped up to 185 in June 2009. June was the sixth month in a row that Sales increased.
The Average Sale Price rose to $428,000 from $420,000. This was only the third month in the last five that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell sharply to 65 (from 94). Average Price Per Square Foot for downtown Vancouver condos rose to $586 from $572 in May 2009.
Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)
There were 22 sales between $200,000 and $300,000, 79 sales between $300,000 and $400,000, 46 sales between $400,000 and $500,000, 22 sales between $500,000 and $600,000, 10 sales between $600,000 and $700,000, 2 sales between $700,000 and $800,000, 2 sales between $900,000 and $1,000,000, and 2 sales over $1,000,000.
The least expensive sale was a 23 year old 439 sq ft studio that sold for $220,000. The most expensive downtown Vancouver condo that sold in June was an 7 year old 1704 sq ft 2 bed, 3 bath condo for $1,350,000.
Downtown Vancouver Monthly MLS Statistics - June 2009
Please Donate
On June 22nd, 2009 I will be attempting to break the record for the most ascents of the Grouse Grind for charity. The Royal LePage Shelter Foundation is an incredible organization which is there to help women and children suffering from domestic abuse. Of every dollar donated, 100% goes directly to those in need (Royal LePage covers all administrative costs of the charity).
Donate to the Royal LePage Shelter Foundation
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 June, 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 June 2009”
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