Greg Viger
604-931-1960
Greater Vancouver Market Statistics for
April 2009
Statistics and Graphs
Average Price Graph (in PDF format)

Market Summary Report

Buyer activity brings greater stability to the housing market

May 4, 2009-VANCOUVER, BC – With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state.

For the sixth consecutive month, new listings for detached, attached and apartment properties declined in Greater Vancouver, down 33.7 per cent to 4,649 in April 2009 compared to April 2008, when 7,010 new units were listed. The total number of property listings on the Multiple Listing Service® (MLS®), while slightly down compared to last month, remains unchanged compared to the same period in 2008.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,963 in April 2009, a decline of eight per cent from the 3,218 sales recorded in April 2008, and an increase of 31 per cent compared to last month.

"We're seeing greater balance in the housing market, as evidenced by a strong sales to active listings ratio of over 19 per cent," Scott Russell, REBGV president said. "The result is a relatively stable market in which homes are being realistically priced.

"The bridge between buyer demand and housing supply is continuing to narrow, which, as we see, helps bring stability to home prices," he said. "The trends in our housing market over the last couple of months offer a much more comfortable, historically normal set of conditions."

Sales of detached properties declined eight per cent to 1,190 from the 1,293 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 12.2 per cent from April 2008 to $675,268.

Sales of apartment properties in April 2009 declined 10.5 per cent to 1,179, compared to 1,317 sales in April 2008. The benchmark price of an apartment property declined 12.6 per cent from April 2008 to $340,203.

Attached property sales in April 2009 are down 2.3 per cent to 594, compared with the 608 sales in April 2008. The benchmark price of an attached unit decreased 9.7 per cent between April 2008 and 2009 to $431,759.

Bright spots in Greater Vancouver in April 2009 compared to April 2008:

Detached: Vancouver West - up 59.5 per cent (193 units sold from 121)
Attached: Port Coquitlam - up 69.6 per cent (39 units sold from 23)
Richmond - up 17.9 per cent (132 units sold from 112)
Vancouver West - up 46.3 per cent (98 units sold from 67)
Apartments: North Vancouver - up 29.2 per cent (84 units sold from 65)

Past News, Press Releases and Statistics
2010  
January 2010 Average Price Graph (in PDF)
February 2010 Average Price Graph (in PDF)
March 2010 Average Price Graph (in PDF)
April 2010 Average Price Graph (in PDF)
May 2010 Average Price Graph (in PDF)
June 2010 Average Price Graph (in PDF)
July 2010 Average Price Graph (in PDF)
2009  
January 2009 Average Price Graph (in PDF)
February 2009 Average Price Graph (in PDF)
March 2009 Average Price Graph (in PDF)
April 2009 Average Price Graph (in PDF)
May 2009 Average Price Graph (in PDF)
June 2009 Average Price Graph (in PDF)
July 2009 Average Price Graph (in PDF)
August 2009 Average Price Graph (in PDF)
September 2009 Average Price Graph (in PDF)
October 2009 Average Price Graph (in PDF)
November 2009 Average Price Graph (in PDF)
December 2009 Average Price Graph (in PDF)
2008  
December 2008 Average Price Graph (in PDF)
November 2008 Average Price Graph (in PDF)
October 2008 Average Price Graph (in PDF)
September 2008 Average Price Graph (in PDF)
August 2008 Average Price Graph (in PDF)
July 2008 Average Price Graph (in PDF)
June 2008 Average Price Graph (in PDF)
May 2008 Average Price Graph (in PDF)
April 2008 Average Price Graph (in PDF)
March 2008 Average Price Graph (in PDF)
February 2008 Average Price Graph (in PDF)
January 2008 Average Price Graph (in PDF)
2007  
December 2007 Average Price Graph (in PDF)
November 2007 Average Price Graph (in PDF)
October 2007 Average Price Graph (in PDF)
September 2007 Average Price Graph (in PDF)
August 2007 Average Price Graph (in PDF)
July 2007 Average Price Graph (in PDF)
June 2007 Average Price Graph (in PDF)
May 2007 Average Price Graph (in PDF)
April 2007 Average Price Graph (in PDF)
March 2007 Average Price Graph (in PDF)
February 2007 Average Price Graph (in PDF)
January 2007 Average Price Graph (in PDF)
2006  
December 2006 Average Price Graph (in PDF)
November 2006 Average Price Graph (in PDF)
October 2006 Average Price Graph (in PDF)
September 2006 Average Price Graph (in PDF)
August 2006 Average Price Graph (in PDF)
July 2006 Average Price Graph (in PDF)
June 2006 Average Price Graph (in PDF)
May 2006 Average Price Graph (in PDF)
April 2006 Average Price Graph (in PDF)
March 2006 Average Price Graph (in PDF)
February 2006 Average Price Graph (in PDF)
January 2006 Average Price Graph (in PDF)
2005  
December 2005 Average Price Graph (in PDF)
November 2005 Average Price Graph (in PDF)
October 2005 Average Price Graph (in PDF)
September 2005 Average Price Graph (in PDF)
August 2005 Average Price Graph (in PDF)
July 2005 Average Price Graph (in PDF)
June 2005 Average Price Graph (in PDF)
May 2005 Average Price Graph (in PDF)
April 2005 Average Price Graph (in PDF)
March 2005 Average Price Graph (in PDF)
February 2005 Average Price Graph (in PDF)
January 2005 Average Price Graph (in PDF)
2004
December 2004 Average Price Graph (in PDF)
November 2004 Average Price Graph (in PDF)
October 2004 Average Price Graph (in PDF)
September 2004 Average Price Graph (in PDF)
August 2004 Average Price Graph (in PDF)
July 2004 Average Price Graph (in PDF)
June 2004 Average Price Graph (in PDF)
May 2004 Average Price Graph (in PDF)
April 2004 Average Price Graph (in PDF)
March 2004 Average Price Graph (in PDF)
February 2004 Average Price Graph (in PDF)
January 2004 Average Price Graph (in PDF)
2003
December 2003 Average Price Graph (in PDF)
November 2003 Average Price Graph (in PDF)
October 2003 Average Price Graph (in PDF)
September 2003 Average Price Graph (in PDF)
August 2003 Average Price Graph (in PDF)
July 2003 Average Price Graph (in PDF)
June 2003 Average Price Graph (in PDF)
May 2003 Average Price Graph (in PDF)
April 2003 Average Price Graph (in PDF)
March 2003 Average Price Graph (in PDF)
February 2003 Average Price Graph (in PDF)
January 2003 Average Price Graph (in PDF)

Greg Viger - Coldwell Banker Westburn Realty
5489 Kingsway, Burnaby, BC V5H 2G1
Business: 604-931-1960 Fax: 604-437-9077

This site provides real estate information, listings and tools servicing the Greater Vancouver and Fraser Valley Areas of British Columbia (BC) Canada. Areas serviced include Vancouver, West Vancouver, North Vancouver, Burnaby, Richmond, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, Pitt Meadows, Surrey, Whiterock, Delta, Tsawwassen, Ladner, North Delta, Langley, Abbotsford, Chilliwack and Mission. As some of these areas are outside of my core service area, We provide a free referal service so that consumers can have confidence that they will be working with a trusted and competent REALTOR®in the area they are selling or buying in.

We can assist repeat home buyers & sellers, first time buyers, investors looking for single or multiple unit investment properties, building lots, and new construction project purchases.