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Market Stats
Vancouver West Side
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Jan-January
2012
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Jan-January
2011
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November
2011
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December
2011
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January
2012 |
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Active Listings |
476 |
297 |
164 |
89 |
476 |
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Homes Sold |
86 |
134 |
121 |
62 |
86 |
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Avg Selling Price |
$2.095m |
$2.030m |
$2.156m |
$2.075m |
$2.095m |
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Active Condo Listings |
901 |
808 |
585 |
244 |
901 |
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Condos Sold |
237 |
262 |
408 |
293 |
237 |
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Avg Selling Price |
$652k |
$650k |
$621k |
$612k |
$652k |
VANCOUVER, B.C. – February 6, 2012 – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.
January sales in Greater Vancouver were the second lowest January total in the region since 2002, though only 146 sales below the 10-year average.
Our Westside numbers look like this: Year over year averages show price stability in both houses and the condo market..
Comparing 2011 with this year, we are showing a 60% jump in single family house inventory with a 36% drop in sales. Strata properties inventory is up by 11.5% and show a drop of 9.5% in sales.
Aggressive interest rates continue to help the market along, with Variables showing 2.80% and 5 year terms at 3.29%.
All numbers taken from the Real Estate Board of Greater Vancouver on February 6th, 2012
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