Downtown Vancouver Real Estate Statistics and Chart for May 2009

May 2009 in Vancouver real estate was incredibly strong. We saw inventory levels (active listings) continue to fall while demand (sales) strengthened.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 425

Yet again, Active Listings in downtown Vancouver fell. They dropped from 457 in April 2009 to 425 in May. This was the eigth month in a row (9 of 10) that Active Listings fell. We have not seen this limited number of listings since January 2008. In fact, for much of 2008 the number of Active Listings in downtown was nearly double what it is today.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 157

Sales continued to rise in downtown Vancouver in the month of May 2009. From the 120 Sales in April 2009 Sales jumped to 157 in May. This was the fifth month in row that Sales increased.

The Average Sale Price rose to $420,000 from $395,000. This was just the second month in the last five that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell to 94 (from 107). Average Price Per Square Foot for downtown Vancouver condos rose to $572 from $534 in April 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There was 1 sale under $200,000, 24 sales between $200,000 and $300,000, 69 sales between $300,000 and $400,000, 34 sales between $400,000 and $500,000, 12 sales between $500,000 and $600,000, 3 sales between $600,000 and $700,000, 2 sales between $700,000 and $800,000, 2 sales between $800,000 and $900,000, 5 sales between $900,000 and $1,000,000 and 2 sales between $1,200,000 and $1,300,000.

The least expensive sale was a 14 year old 440 sq ft one bedroom that sold for $162,000. The most expensive downtown Vancouver condo that sold in February was an 1 year old 1431 sq ft 2 bed, 2 bath condo for $1,249,000.

Downtown Vancouver Monthly MLS Statistics - May 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 March, 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 Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Downtown Vancouver Real Estate Statistics and Chart for May 2009”