experts: real estate column Wednesday, January 05, 2000

VANCOUVER NUMBERS

By Ozzie Jurock

We forecast flat prices for Vancouver this year and thatís how we endedÖflat. On a year to date basis, that is. Prices have been higher for the last 3 months in all sectors for the Vancouver Trading area. The single family home price for Vancouver clocks in at $372,700 versus $335,992 last year, the townhouse price rose from $221,800 to $239,700 and condos in December clocked in 9% higher at $183,960 versus $167,400 in December 1998. Volume however was lower in December, but the year-to-date number remains 16% higher.

A good sign is also the drop in Active listings.

            December/99  December/99     %  Y-td/99  Y-t-d/99     % 
Units sold        1,320        1,472  -10%   22,944    19,612  +16%
Average price   291,650      257,400  +13%  281,163   278,650  +00%
Active Listings  13,450       15,758  -14%
Major point: A stronger year, better than 1998ís 19,600 sales and better than 1995ís 21,500 sales, but well behind in volume of sales every other year of the 1990ís (1992=38,800, 1993=32,500, 1994=30,000, 1996=28,500, 1997=26,900). Still, falling listings presage better times ahead.

Next week our forecast for all markets.


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