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Eric Vallee - New Westminster Realtor
Eric Vallee
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Market Report

Real Estate Board of Greater Vancouver
July 5, 2010 – Activity steady to start the summer season
The Greater Vancouver housing market experienced steady activity to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on record.
   
June 4, 2010 – May market offers buyers greater selection
The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
   
May 4, 2010 – Home buyer and seller activity increases in busy spring market
The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace.
   
April 6, 2010 – Home listings rise to start the spring season
A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region.
   
March 2, 2010 – Home sales activity strong through Olympic period
The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
   
February 2, 2010 – Housing supply and demand reach closer alignment in January
Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
   
January 9, 2010 – Housing supply and demand reach closer alignment in January
Diverse selection and favourable interest rates continue to drive demand
in the Greater Vancouver housing market.
   
December 3, 2009 – Slow start, strong finish for housing market in 2009
After beginning the year at near record low sales levels, buyers’ confidence
in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.
   
November 3, 2009 – High sales levels spur rise in home values
Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.
   
October 2, 2009 – Buyer demand remains strong while home listings increase
Greater Vancouver home sales remained strong last month,
with the second highest number of residential sales ever recorded for the month of September.
   
September 2, 2009 - Market momentum carries into August
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.
   
August 3, 2009 - Strong spring market carries into summer months
The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices.
   
July 3, 2009 - Market conditions drive strong June housing sales
The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June.
   
June 2, 2009 - Increased demand steadies housing market in Greater
A continued increase in buyer activity over the last four months has resulted in increased home sales and lessened the downward pressure on housing prices in Greater Vancouver.

Eric Vallee - Realtor for New Westminster, Burnaby, Coquitlam
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