There are 3556 Homes, condos, apartments and town homes for sale on the MLS in Vancouver and Burnaby, today Saturday July 4, 2009
“Property sales throughout Greater Vancouver up in May\"
“Property sales throughout Greater Vancouver up in May.”
Greater Vancouver Real Estate - Fewer new listings and higher sales activity continued steadying housing prices throughout the Greater Vancouver region.
Listings throughout the GVRD were significantly lower than those listed in May 2008; still, the housing market continued to rebound with a fourth consecutive increase in monthly sales.The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales totalled 3,524 in May 2009, an increase of 17.4 per cent from the 3,002 sales recorded in May 2008, and an increase of 18.9 per cent compared to last month.
A noteworthy zone in sales activity this May was Vancouver West, in addition to having experienced increasing house pricing, sales went up by 63.4 per cent on detached properties and up by 54.5 per cent on attached properties.
Burnaby Real Estate – Burnaby continued to be a sought after neighborhood for first time home buyers and young families. The City experienced a steady increase in home sales on all fronts; detached went up by 49.9 per cent, attached by 31.5 per cent and apartments up by 32.6 per cent. Overall 423 units sold by comparison to 308 in May 2008.
Tip for the month
When choosing a realtor, look for one who is an engaged member of the community he or she represents. Add to your investment by ensuring there is always someone there who is actively pursuing and addressing issues that affect the value of your neighborhood.
Greater Vancouver Real Estate Stats for May 2009:
*All figures set against May, 2008
Detached Sales
Vancouver West: Up by 63.4% (from 142 units sold to 232)
Vancouver East: Up by 11.1% (from 162 units sold to 180)
Attached Sales
Vancouver West: Up by 54.5% (from 66 units sold to 102)
Vancouver East: Up by 20.5 % (from 49 units sold to 59)
Apartment Sales
Vancouver West: Up by 25.4% (from 422 units sold to 529)
Vancouver East: Up by 28.7% (from 108 units sold to 139)
NOTE: The MLSLink Housing Price Index® (HPI) calculates benchmark prices, which represents a typical property within a market. The HPI takes into consideration what averages and medians do not - the price of housing features such as lot size, age, number of rooms, ect. These \'typical house\' in a given area. Each month\'s sales determine the current prices paid for bedrooms, bathrooms, fireplaces, ect. and apply those new values to the typical house model. The HPI measures typical, pure price change (inflation or deflation).
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