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.
The Actual numbers on downtown Vancouver real estate sales volume
Blog by Mike Cook | September 20th, 2010
Archives
- February 2024
- December 2023
- November 2023
- September 2023
- July 2023
- June 2023
- May 2023
- January 2023
- October 2022
- September 2022
- July 2022
- May 2022
- April 2022
- March 2022
- January 2022
- December 2021
- September 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017