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The Actual numbers on downtown Vancouver real estate sales volume


Blog by Shaun Kimmins | September 20th, 2010


Here's what MLS shows in terms of sales volume for all of Downtown Vancouver (Coal Harbour, Downtown, West End, False Creek N) for 2009 vs 2010, January 1st through Sept 20th:

Sales of condos $500,000 and below: 

2009 - 1641
2010 - 1204
Decrease in volume = -27%

Sales of condos $501,000 to $1,000,000:

2009 - 617
2010 - 600
Decrease in volume = -3%

Sales of condos $1,000,000 to $2,000,000:

2009 - 146
2010 - 193
Decrease in volume = +32%

Sales of condos $2,000,000 to $3,000,000:

2009 - 617
2010 - 600
Decrease in volume = -3%

Sales of condos $3,000,000 to $5,000,000:

2009 - 15
2010 - 19
Decrease in volume = 26%

Sales of condos $5,000,000 plus:

2009 - 3
2010 - 5
Decrease in volume = 40%

What I find most interesting about these numbers is that they don't really convey the tone of the current market in which Buyers are viewing lots of properties but offering on very few, if any, and in which most people, including sellers, believe that the market is down in both volume and price.

I expect that once we have total sales numbers for all of 2010 vs all of 2009, we'll see a more accurate reflection of what we, as realtors,  are seeing and hearing day-to-day.