The Real Estate Board of Greater Vancouver has just released the statistics package for May 2009 and it looks like the Spring market in 2009 is much busier than it was in 2008. Total Real Estate sales transactions in Vancouver were up 17% from a year ago and total inventory of homes for sale is down 16%. This means more demand and less supply which explains the competition that we've been seeing in the market between Buyers as people scramble for desirable properties. Their goal is to take advantage of low prices and low interest rates. Home prices in Vancouver are up since December 2008 but still down 11% from this time last year. You may download a copy of the May Stats package here: May Stats Package
Please contact me if you would like to discuss this issue or any other Vancouver Real Estate issue. It will be my pleasure.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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