Hot property
September 6, 2008
Hot Tip Of The Week
The Markets
As reported last week, it was a terrible month.
Vancouver |
August 2008 |
August 2007 |
% |
YTD 2008 |
YTD 2007 |
% |
| Units Sold | 1,582 |
3,407 |
-53% |
20,013 |
27,614 |
-27% |
| Average Price | 558,000 |
583,700 |
-04% |
606,700 |
566,700 |
+07% |
| Active Listings | 17,950 |
10,721 |
+67% |
|||
| Condo Prices Used | 393,400 |
374,800 |
+04% |
396,635 |
368,005 |
+07% |
| Det. Prices Used | 776,950 |
848,000 |
-08% |
867,900 |
797,600 |
+08% |
Active condo listings are now 90% higher at 5,377;
Active used home listings are higher by 58% at 2,265.
As a seller ... the key is not that the market is down 53% ... the key is how to get your house into the 47% that sell...
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