The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5 per cent in August 2009 to 3,441 from the 1,568 sales recorded in August 2008 and increased 1.7 per cent compared to August 2007.

New listings for detached, attached and apartment properties increased 4.9 per cent to 4,544 in August 2009 compared to August 2008 when 4,331 new units were listed. Total active listings in Greater Vancouver currently sit at 11,937, down 33 per cent from August 2008.

“The return of confidence to our market has brought a high volume of home sales over the last few months and has also made determining home prices a little more challenging,” said Scott Russell, REBGV president. “The number of residential home sales this summer has been comparable to activity seen in the five years preceding 2008. While that’s great news, from the variations in activity we’re seeing across areas I’d say the market is still trying to find its own balance.”

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 11.4 per cent to $539,600 from $484,211. However, home prices compared to August 2008 levels are down 1.1 per cent.

Sales of detached properties in August 2009 increased 155.5 per cent to 1,367 from the 535 units sold during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 0.7 per cent from August 2008 to $732,656.

Sales of apartment properties increased 97.8 per cent last month to 1,464, compared to the 740 sales in August 2008. The benchmark price of an apartment property declined 1.4 per cent from August 2008 to $369,263.

Attached property sales in August 2009 increased 108.2 per cent to 610, compared with the 293 sales during the same month in 2008. The benchmark price of an attached unit declined 0.9 per cent between August 2008 and 2009 to $459,159.

Jacob Krause & Jacky Levi are Vancouver Realtors specializing in residential sales of Westside Houses, Townhomes and Condos.

Jacob & Jacky are regarded as industry leaders as they have continually developed innovative online marketing to showcase your home. Their internet marketing will ensure your property stands out from the rest, reaches thousands of buyers and accesses an international market.

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Whether it’s a waterfront property, luxury home, townhouse or trendy loft – you’ve found a Realtor team who can help with your real estate.

Let Us Help You With Your Real Estate – An Easy Way to Search Homes Online

Jacob and Jacky have made searching for a property to buy as simple as possible. They’ve created searches for every region within Vancouver’s Westside for both condos and houses. Most properties include photos, video tours and full descriptions. Take a tour and feel free to contact the team to book a showing if you see something you would like to view.

This site focuses on areas such as Kitsilano, Arbutus, Shaughnessy, Southlands, Quilchena, SW Marine, Marpole, Dunbar, Point Grey, University, South Granville, Kerrisdale, Mackenzie Heights, Mount Pleasant, Cambie & Fairview.

Thinking of Selling your Home?

With over 10 years of award winning experience you’ll be working with a Real Estate Team who has proven themselves through hard work, a higher level of integrity and great customer service.

Jacob & Jacky are solid negotiators who have a deep understanding of the Vancouver housing market. – Learn more about Jacob & Jacky.

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Whether it’s your first buying experience or you’re an avid real estate investor, Jacob & Jacky will be at your side to make sure there are no surprises during and after your transaction.

You’ll benefit from their experience and knowledge of the real estate market and specific
neighbourhoods. REALTORS®, Jacob & Jacky will provide you with information about building construction, prices, traffic patterns, schools, amenities and much more. And when it’s time to place an offer on a home they will make sure you’re getting the best deal possible. – Contact REALTORS® Jacob & Jacky.

An Interview about staging your home for sale
		Jennifer Berkley from Urban Presentations talks about the benefits and costs of staging your home when selling.
An Interview with real estate lawyer Mark Braeder
		Jacky talks with Mark Braeder about the services lawyers provide during the sale or purchase of real estate.

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