The Greater Vancouver June market stats reflect a stable summer market.
The Real Estate Board of Greater Vancouver has released the
June Market Statistics for June 2010. As we have been experiencing
first-hand, the statistics aren't surprising in their findings that activity
has slowed significantly from the overheated activity of June 2009. We
are entering into a stable summer market that has only dropped 5.6% from last
month. This stable activity is a refreshing change from the extreme near
record-setting high of June 2009 and the extreme low of June 2008, when we were
in a period of recession.
Even though activity has slowed from the same time last year, the City of Coquitlam has seen an 11.7% increase in the benchmark price for detached homes, a 12.6% increase for attached homes, and 10.0% increase in the benchmark price for apartments from June 2009.
View the entire Real Estate Board June stats package.