Vancouver Real Estate August 2009 Stats

Between what we were experiencing last August 2008 compared to today, we are certainly in a different market. Who would of predicted that sales for August 2009 would rise 119.5% compared to last August.

A) Total Active Listings in Greater Vancouver currently sits at 11,937 down 33% from last year. From looking at this Stat alone, one could predict 1) house prices will rise, 2) Stability in the market, 3) Multiple offers in the market place.

B) MLSlink Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 11.4% since the beginning of the year. To put this in perspective, we are down only 1.1% compared to August stats from last year. In other words we have regained almost all our previous losses.

C) Detached Property Sales up 155.5% from August 2008

D) Attached Property Sales up 108.2% from August 2008

E) Apartment Property Sales up 97.8% from August 2008

Download the complete stats package by clicking here.