Rebgv Stats Package_august 2009

News Release FOR IMMEDIATE RELEASE

Market momentum carries into August VANCOUVER, B.C. – September 2, 2009 – The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007. 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. -30The Real Estate Board of Greater Vancouver is an association representing more than 9,500 REALTORS®. The Real Estate Board provides a variety of membership services, including the Multiple Listing Service®. For more information on real estate, statistics and buying or selling a home contact a local REALTOR® or visit www.rebgv.org.

For more information please contact: Craig Munn, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]

also available at  www.realtylink.org

News Release continued

For more information please contact: Craig Munn, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: [email protected]

also available at  www.realtylink.org

MLSLINK HOUSING PRICE INDEX

Preliminary Report

August 2009 PROPERTY TYPE Residential Detached

Attached

AREA Greater Vancouver Greater Vancouver Burnaby Coquitlam South Delta Maple Ridge New Westminster North Vancouver Pitt Meadows Port Coquitlam Port Moody Richmond Squamish Sunshine Coast Vancouver East Vancouver West West Vancouver Greater Vancouver Burnaby Coquitlam South Delta Maple Ridge & Pitt Meadows

Apartment

North Vancouver Port Coquitlam Port Moody Richmond Vancouver East Vancouver West Greater Vancouver Burnaby Coquitlam South Delta Maple Ridge & Pitt Meadows

New Westminster North Vancouver Port Coquitlam Port Moody Richmond Vancouver East Vancouver West West Vancouver

BENCHMARK PRICE 3 MONTH AVG PRICE 1 YEAR 3 YEAR 5 YEAR PRICE RANGE BENCHMARK INDEX CHANGE CHANGE CHANGE (+/-) PRICE % % % $539,600 0.5% $529,092 227.91 -1.1 11.9 53.7 $732,656 1.0% $715,247 216.4 -0.7 12.1 51.3 $718,410 2.2% $716,217 211.5 -1.6 9.5 54.6 $635,519 4.7% $614,010 223.6 -4.8 10.0 45.6 $620,308 3.7% $609,551 202.7 2.7 4.7 41.6 $430,970 2.3% $424,477 196.6 -1.6 7.4 32.4 $565,565 3.7% $565,796 233.1 3.6 6.9 43.7 $861,962 2.7% $837,324 215.3 -0.7 12.5 46.5 $478,553 5.9% $481,336 196.4 3.8 8.1 45.6 $525,203 3.4% $506,607 222.0 0.3 8.6 45.0 $664,789 11.5% $683,530 199.8 -8.3 7.1 48.2 $745,588 1.9% $732,234 220.1 -2.8 16.5 56.8 $571,986 7.1% $531,400 217.3 1.1 34.6 41.9 $411,836 5.4% $410,017 234.3 2.4 9.9 45.2 $685,746 1.8% $667,899 232.3 3.2 14.0 56.9 $1,410,989 2.2% $1,357,197 234.1 2.9 21.8 72.9 $1,323,472 5.3% $1,260,110 195.0 -12.5 2.3 43.3 $459,159 0.7% $450,955 222.7 -0.9 12.9 49.6 $452,405 1.2% $447,845 226.6 -2.2 14.7 52.5 $396,554 2.4% $392,373 213.9 -4.3 7.2 40.5 $453,079 5.1% $455,883 242.6 3.6 15.4 57.9 $298,480 2.0% $294,027 207.0 -3.4 5.0 43.6 $566,875 2.6% $559,309 221.9 -1.1 9.1 40.7 $380,162 2.4% $376,175 209.0 -1.6 11.1 33.8 $385,972 3.0% $375,088 230.3 -1.0 7.3 53.5 $463,364 1.3% $451,452 223.4 1.7 16.3 54.5 $510,125 2.6% $498,985 238.5 -3.9 18.7 63.1 $708,540 2.4% $690,799 252.8 1.7 18.6 54.5 $369,263 0.5% $363,811 240.2 -1.4 11.4 59.7 $331,723 1.1% $328,311 248.0 -3.2 10.9 61.3 $272,774 1.7% $269,807 232.6 -5.8 7.3 56.9 $336,585 4.9% $329,463 219.2 0.8 14.3 52.6 $234,510 2.9% $233,780 249.0 -9.6 -1.3 57.7 $278,471 1.7% $273,973 226.2 -5.4 9.7 61.9 $377,240 2.1% $365,933 240.0 1.8 10.3 57.0 $237,861 1.9% $237,522 278.6 -7.0 7.8 62.2 $287,763 2.8% $288,774 245.5 -4.4 5.8 59.9 $313,953 1.2% $308,272 255.2 0.0 14.1 66.7 $316,866 1.6% $313,969 259.4 -2.7 19.1 70.0 $475,583 0.9% $467,741 241.9 1.4 12.0 57.5 $535,254 7.9% $540,221 192.1 -15.5 -8.3 22.7

HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE RANGE: Expresed as a + or - percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. In Year 2001, the indexes are averaged to 100 Key: * = Sales sample too small; Price information not reported.

Aug 2009 Jun 2009 Apr 2009 Feb 2009 Dec 2008 Oct 2008

Apr 2008 Apartment

Feb 2008 Dec 2007 Oct 2007 Aug 2007 Jun 2007

Attached

Apr 2007 Feb 2007 Dec 2006 Oct 2006

Detached

Aug 2006 Jun 2006 Apr 2006 Feb 2006 Dec 2005 Oct 2005 Aug 2005 Jun 2005 Apr 2005 Feb 2005 Dec 2004 Oct 2004 80

100

120

140

160

180

200

220

240

260

Aug 2004 280

Year 2001 average = 100

C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif MLS® Housing

Jun 2008

Price Index

Price Index - Greater Vancouver 5 Year Trend

Aug 2008

Median Selling Price

Number of Sales

Median Selling Price

Number of Sales

Median Selling Price

Number of Sales

Median Selling Price

Number of Sales

Median Selling Price

$732,250

$445,000

$330,000

Attached

Apartment

542

Attached

Detached

610

Detached

1,093

$318,400

Apartment

Apartment

$420,000

Attached

704

Attached

$675,000

800

Detached

Detached

$332,000

Apartment

1,257

$438,000

Attached

Apartment

$665,000

51

Attached

Detached

44

Detached

92

$310,000

Apartment

Apartment

$438,950

134

Attached

$697,450

153

Detached

Attached

$326,000

Apartment

Detached

$442,000

Attached

235

$715,000

Detached

Apartment

188

115

Attached

Apartment

114

Detached

Coquit lam $283,000

$440,950

$645,000

466

250

650

$251,500

$410,000

$572,000

529

283

826

$269,000

$414,000

$633,500

38

20

47

$250,000

$441,650

$600,000

86

64

150

$260,000

$415,250

$625,000

108

38

143

Delta South $322,500

$438,500

$625,000

111

62

333

$305,000

$385,000

$569,900

107

67

434

n/a

n/a

$624,500

6

4

25

$274,250

n/a

$582,000

24

13

97

n/a

n/a

$560,000

10

11

54

Islands - Gulf n/a

n/a

$435,000

0

1

28

n/a

n/a

$427,500

0

1

25

n/a

n/a

n/a

0

0

1

n/a

n/a

n/a

0

1

6

n/a

n/a

n/a

0

0

4

$235,500

$316,000

$490,000

238

315

815

$209,950

$288,250

$437,000

178

323

919

n/a

$305,500

$450,000

17

26

74

$211,700

$299,700

$438,000

25

64

160

$224,500

$291,500

$463,950

36

52 87

17

29

$293,000

$394,000

$561,500

610

109

179

$268,000

$353,950

$530,000

650

96

204

$278,000

n/a

n/a

62

8

16

$285,000

n/a

$550,500

116

12

39

$285,000

n/a

$540,000

Maple R id g e/Pitt M eadow s 147

$370,000

$589,000

$893,500

589

243

659

$335,000

$545,000

$795,000

636

309

738

$375,000

n/a

$835,000

41

15

56

$362,500

$555,375

$835,500

105

51

115

$354,500

$543,500

$850,000

98

33

100

North Vanco uver

Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands

Year-to-date

Jan. Aug. 2008

Year-to-date

Jan. Aug. 2009

August 2008

July 2009

August 2009

Number of Sales

August 2009

2009

Port C oquitla m $245,700

$389,900

$530,000

268

206

295

$221,500

$370,000

$480,000

243

235

337

$241,000

$351,000

n/a

26

23

15

$222,000

$375,000

$488,000

39

37

74

$227,000

$370,000

$479,950

34

30

52

Port M oody/B elcarra $334,950

$428,000

$692,000

244

186

156

$311,000

$400,000

$665,000

239

195

169

n/a

n/a

n/a

16

18

12

$325,500

$450,000

$757,500

50

33

35

$329,000

$416,250

$725,000

31

24

25

Richm ond $317,000

$459,900

$720,000

1,120

705

949

$296,000

$432,000

$683,800

1,269

868

1,117

$312,000

$488,500

$678,500

92

37

49

$322,000

$438,000

$690,000

230

179

221

$315,000

$467,000

$720,000

183

126

170

$277,650

$407,500

$497,000

76

99

135

$262,500

$335,000

$510,000

36

57

111

n/a

n/a

n/a

6

7

10

n/a

n/a

n/a

7

7

15

n/a

n/a

$570,000

4

10

21

Squam ish

16

$237,500

$286,000

$395,600

30

61

368

$220,000

$269,900

$375,000

29

35

330

n/a

n/a

$402,450

5

11

30

n/a

n/a

$400,000

5

5

69

n/a

n/a

$430,000

7

8

52

Sunsh ine Co ast

8

y

Burnab

er New W estmin st

Vanco uver E ast $315,500

$524,750

$680,000

911

248

1,048

$297,000

$507,000

$645,000

894

320

1,235

$307,500

n/a

$668,000

85

12

81

$309,950

$530,000

$665,000

179

71

208

$308,000

$549,000

$675,000

152

45

189

Vanco uver W est $443,000

$725,000

$1,495,000

2,824

410

854

$417,000

$655,000

$1,350,000

3,363

623

1,297

$425,000

$767,000

$1,495,000

234

37

46

$429,750

$720,000

$1,368,000

584

105

180

$438,500

$675,000

$1,523,500

509

84

202

$747,000

$932,500

$1,513,000

105

44

387

$577,500

$760,000

$1,245,000

109

27

431

n/a

n/a

n/a

9

5

19

n/a

n/a

$1,330,000

17

3

77

n/a

n/a

$1,400,000

14

8

58

47

63

43

n/a

n/a

n/a

11

19

10

n/a

n/a

n/a

6

13

15

n/a

n/a

n/a

3

9

7

$301,500

$665,000

$862,000

66

119

62

$276,150

$395,000

$875,000

Sound Wes t V a n couve r/Howe

MLS® SALES Facts

Whistl er/Pem berton n/a

8,751

3,600

7,528

n/a

9,586

4,206

9,016

n/a

740

293

535

n/a

1,708

792

1,614

n/a

1,464

610

1,367

% Sales to Listings

Number of Listings

% Sales to Listings

Number of Listings

% Sales to Listings

Number of Listings

% Sales to Listings

Number of Listings

% Sales to Listings

36%

45%

45%

Apartment

1,192

Attached

Attached

1,712

Detached

Detached

66%

Apartment

2,430

71%

Apartment

64%

986

Attached

Attached

1,252

Detached

Detached

43%

Apartment

1,893

44%

Apartment

27%

Attached

117

Attached

Detached

161

Detached

213

81%

Apartment

Apartment

98%

137

Attached

85%

179

Detached

Attached

74%

Apartment

Detached

93%

Attached

289

68%

Detached

Apartment

253

124

Attached

Apartment

167

Detached

Coquit lam 37%

47%

34%

1,264

537

1,886

63%

62%

61%

838

456

1,364

34%

47%

24%

111

43

199

73%

112%

91%

118

57

164

105%

66%

81%

103

58

177

Delta South 60%

58%

46%

184

107

729

68%

82%

71%

158

82

610

43%

40%

37%

14

10

67

120%

100%

139%

20

13

70

50%

157%

98%

20

7

55

Islands - Gulf n/a

100%

29%

0

1

95

0%

100%

20%

5

1

123

n/a

n/a

8%

0

0

13

n/a

n/a

35%

0

0

17

0%

n/a

31%

2

0

13

44%

51%

43%

535

613

1,879

46%

59%

60%

387

550

1,531

32%

33%

40%

53

80

184

40%

79%

72%

63

81

221

78%

84%

89%

46

62

165

Maple R id g e/Pitt M eadow s 45%

52%

46%

1,342

209

385

66%

73%

64%

982

132

320

53%

40%

50%

116

20

32

92%

75%

100%

126

16

39

63%

121%

71%

139

14

41

* Year-to-date listings represent a cumulative total of listings rather than total active listings.

Year-to-date*

Jan. Aug. 2008

Year-to-date*

Jan. Aug. 2009

August 2008

July 2009

August 2009

Number of Listings

August 2009

2009

North Vanco uver 47%

49%

48%

1,266

493

1,386

61%

72%

65%

1,041

432

1,136

48%

54%

53%

86

28

106

68%

121%

76%

155

42

152

77%

63%

88%

127

52

114

Port C oquitla m 46%

45%

41%

579

462

724

57%

75%

68%

425

313

499

41%

62%

24%

64

37

62

78%

93%

85%

50

40

87

76%

88%

78%

45

34

67

Port M oody/B elcarra 36%

50%

36%

681

372

433

62%

69%

47%

384

283

356

25%

67%

29%

63

27

41

98%

114%

85%

51

29

41

69%

80%

61%

45

30

41

Richm ond 45%

51%

40%

2,485

1,381

2,351

68%

72%

65%

1,859

1,206

1,715

40%

28%

21%

228

133

238

92%

90%

81%

249

199

274

61%

78%

89%

299

161

191

Squam ish 43%

47%

41%

175

209

331

22%

35%

38%

164

161

295

22%

54%

29%

27

13

34

47%

54%

42%

15

13

36

17%

40%

78%

24

25

27

38%

60%

39%

78

101

936

37%

42%

39%

79

84

841

25%

157%

42%

20

7

72

71%

36%

56%

7

14

124

70%

57%

56%

10

14

93

Sunsh ine Co ast

16

50%

44%

39%

1,836

562

2,660

64%

66%

65%

1,392

483

1,889

37%

24%

31%

228

49

260

95%

104%

73%

189

68

286

80%

75%

69%

191

60

273

Vanco uver E ast

8

y

Burnab

er New W estmin st

Vanco uver W est 43%

36%

36%

6,555

1,126

2,387

67%

65%

70%

5,015

959

1,859

41%

37%

22%

566

99

209

84%

93%

70%

699

113

257

77%

104%

88%

660

81

230

Sound 40%

39%

34%

262

112

1,122

52%

28%

51%

210

95

853

41%

38%

26%

22

13

72

71%

18%

67%

24

17

115

70%

73%

67%

20

11

87

Wes t V a n couve r/Howe

MLS® LISTINGS Facts

23%

39%

26%

283

303

239

23%

25%

24%

206

256

180

44%

53%

30%

25

36

33

19%

45%

60%

31

29

25

10%

29%

28%

30

31

25

Whistl er/Pem berton n/a

19,955

7,780

19,255

n/a

15,038

6,479

14,823

n/a

1,836

712

1,783

n/a

2,086

868

2,087

n/a

2,014

764

1,766

Real Estate Board of Greater Vancouver Listing & Sales Activity Summary Listings

Sales

1 Aug 2008

2 Jul 2009

3 Aug 2009

5 Aug 2008

6 Jul 2009

7 Aug 2009

161 117 213

179 137 289

167 124 253

-6.7 -9.5 -12.5

44 51 92

153 134 235

114 115 188

-25.5 -14.2 -20.0

185 188 377

418 389 662

125.9 106.9 75.6

199 43 111

164 57 118

177 58 103

7.9 1.8 -12.7

47 20 38

150 64 86

143 38 108

-4.7 -40.6 25.6

195 84 140

453 156 289

132.3 85.7 106.4

67 10 14

70 13 20

55 7 20

-21.4 -46.2 0.0

25 4 6

97 13 24

54 11 10

-44.3 -15.4 -58.3

84 14 34

207 36 56

146.4 157.1 64.7

184 80 53

221 81 63

165 62 46

-25.3 -23.5 -27.0

74 26 17

160 64 25

147 52 36

-8.1 -18.8 44.0

279 99 63

469 171 100

68.1 72.7 58.7

106 28 86

152 42 155

114 52 127

-25.0 23.8 -18.1

56 15 41

115 51 105

100 33 98

-13.0 -35.3 -6.7

209 78 182

368 157 323

76.1 101.3 77.5

32 20 116

39 16 126

41 14 139

5.1 -12.5 10.3

16 8 62

39 12 116

29 17 87

-25.6 41.7 -25.0

59 34 207

111 48 324

88.1 41.2 56.5

41 27 63

41 29 51

41 30 45

0.0 3.4 -11.8

12 18 16

35 33 50

25 24 31

-28.6 -27.3 -38.0

49 67 58

93 96 129

89.8 43.3 122.4

62 37 64

87 40 50

67 34 45

-23.0 -15.0 -10.0

15 23 26

74 37 39

52 30 34

-29.7 -18.9 -12.8

80 63 81

181 109 122

126.3 73.0 50.6

238 133 228

274 199 249

191 161 299

-30.3 -19.1 20.1

49 37 92

221 179 230

170 126 183

-23.1 -29.6 -20.4

256 192 362

595 460 638

132.4 139.6 76.2

72 7 20

124 14 7

93 14 10

-25.0 0.0 42.9

30 11 5

69 5 5

52 8 7

-24.6 60.0 40.0

129 21 19

196 19 15

51.9 -9.5 -21.1

34 13 27

36 13 15

27 25 24

-25.0 92.3 60.0

10 7 6

15 7 7

21 10 4

40.0 42.9 -42.9

37 24 19

63 31 17

70.3 29.2 -10.5

260 49 228

286 68 189

273 60 191

-4.5 -11.8 1.1

81 12 85

208 71 179

189 45 152

-9.1 -36.6 -15.1

345 63 298

635 175 496

84.1 177.8 66.4

209 99 566

257 113 699

230 81 660

-10.5 -28.3 -5.6

46 37 234

180 105 584

202 84 509

12.2 -20.0 -12.8

242 142 870

582 311 1720

140.5 119.0 97.7

33 36 25

25 29 31

25 31 30

0.0 6.9 -3.2

10 19 11

15 13 6

7 9 3

-53.3 -30.8 -50.0

20 42 24

28 29 17

40.0 -31.0 -29.2

72 13 22

115 17 24

87 11 20

-24.3 -35.3 -16.7

19 5 9

77 3 17

58 8 14

-24.7 166.7 -17.6

101 13 29

233 16 54

130.7 23.1 86.2

1770 712 1836

2070 868 2086

1753 764 2012

-15.3 -12.0 -3.5

534 293 740

1608 791 1708

1363 610 1464

-15.2 -22.9 -14.3

2270 1124 2763

4632 2203 4962

104.1 96.0 79.6

BURNABY DETACHED ATTACHED APARTMENTS

Col. 2 & 3 Percentage Variance

%

Col. 6 & 7 Percentage Variance

9 Jun 2008 Aug 2008

10 Jun 2009 Aug 2009

%

Col. 9 & 10 Percentage Variance

%

COQUITLAM DETACHED ATTACHED APARTMENTS

DELTA DETACHED ATTACHED APARTMENTS

MAPLE RIDGE/PITT MEADOWS DETACHED ATTACHED APARTMENTS

NORTH VANCOUVER DETACHED ATTACHED APARTMENTS

NEW WESTMINSTER DETACHED ATTACHED APARTMENTS

PORT MOODY/BELCARRA DETACHED ATTACHED APARTMENTS

PORT COQUITLAM DETACHED ATTACHED APARTMENTS

RICHMOND DETACHED ATTACHED APARTMENTS

SUNSHINE COAST DETACHED ATTACHED APARTMENTS

SQUAMISH DETACHED ATTACHED APARTMENTS

VANCOUVER EAST DETACHED ATTACHED APARTMENTS

VANCOUVER WEST DETACHED ATTACHED APARTMENTS

WHISTLER DETACHED ATTACHED APARTMENTS

WEST VANCOUVER/HOWE SOUND DETACHED ATTACHED APARTMENTS

GRAND TOTALS DETACHED ATTACHED APARTMENTS

0

100

200

300

400

500

600

700

800

900

1000

CONDOMINIUM

ATTACHED

APARTMENTS

$392,502

$484,977

$890,088

NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.

1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

IN THOUSANDS ($)

DETACHED

Real Estate Board of Greater Vancouver Average Price Graph January 1977 to August 2009