温哥华房市走向：泡沫的终结？

Posted on August 3, 2012

Things are getting so bad that Vancouver’s average detached home price declined for five straight months now.

The average price is now down 15.7% from February’s high of $1,235,244 to sit at $1,041,325 – a plunge of $193,919!

And as the August month kicks into high gear, sales are truly collapsing. Results today for all sectors of the market totalled only 49 sales!!

It’s the first sub-50 sales day of the year.

If this keeps up for the rest of the month, July’s numbers will look like a sales bonanza in comparison.

What were sales in July like?

Single Family Home sales in July 2011 vs July 2012:

Richmond: -51%

• Jul/12 = 60 sales
• Jul/11 = 123 sales

West Van: -47%

• Jul/12 = 46 sales
• Jul/11 = 86 sales

Coquitlam: -43%

• Jul/12 = 67 sales
• Jul/11 = 100 sales

Van West: -40%

• Jul/12 = 83 sales
• Jul/11 = 139 sales

Burnaby: -39%

• Jul/12 = 58 sales
• Jul/11 = 95 sales

North Van: -35%

• Jul/12 = 60 sales
• JUl/11 = 92 sales

East Van: -24%

• Jul/12 = 109 sales
• Jul/11 = 144 sales

(Hat Tip VMD)

http://retiringboomer.wordpress.com/2012/08/03/vancouver-market-in-full-retreat/