September 2010 Vancouver Housing Stats from Real Estate Board of Greater Vancouver
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As I expected, Sept market showed more strength than August which is a typical slow month every year due to the beautiful weather. Besides the sales are up, prices are also higher than Sept 2009 as well as Aug, 2010. Visit my National Real Estate Market Information Centre page http://www.tinamak.com/CanadaRealEstateStats.ubr & click the Vancouver page http://www.tinamak.com/vancouver . U can compare all the stats that I posted there way back to 2007. As we knew, housing value peaked in April, 2010 (only we know now when we look back but who would know at the time). Residential benchmark price was average at $593,419. Well, let see how the benchmark price changes since April:
May: $590,662
June: $580,237
July: $577,074
Aug: $576,897
Sept: $577,174
As you see, it’s not as bad as what you hear from the media & is creeping back up despite everybody blaming on the HST. Everything sells when the price is right. I just went to Wall Centre False Creek Presentation Centre on Thursday (7th) http://www.rennie.com/wallcentrefalsecreek/. Where is it? GHOST TOWN AREA, behind the Olympic Villages! Yes, the wonderful media likes to label negative title on everything. Official Preview opening is on Oct 16th. Guess what, already over 80% sold. Why? Price is right! Quality is great! What about HST? DOESN’T MATTER ANYMORE when the value & potential is there! I couldn’t help it & bought one for myself. J Want to know more, CALL ME, I CAN HELP!!
Great to see housing price is stabilizing so you don’t need to worry about the downhill trends.
