Peak Performance - A decade of Metro Vancouver real estate
This information and much more is contained in Landcor Data Corporation's new report, A Decade of Peak Performance, 2000 - 2009 Metro
"Our report shows that buying real estate in Metro
Key trends for the 2000 - 2009 period include:
- The average sales price of a condominium increased 114%, the number of sales increased 176% and the dollar value of total sales increased 491%. - The average sales price of a detached home rose 120%, while the average price per square foot (of finished area) rose 161%. - The highest sales price for an attached home was $7.4 million in 2009. - The highest sales price for a detached home was $14.2 million in 2009. - The highest turnover rate was in Lions Bay at 12.3%, while the lowest was the District of North Vancouver at 6.1%. The Metro Vancouver average was 9.0%.
When it comes to foreign ownership, at 2,532 properties, Americans are the highest foreign ownership demographic, followed by residents of
Since 2000, Metro Vancouver's 677,483 residential properties have generated 601,675 sales and produced a total dollar value of
- Metro Vancouver's 386,620 detached homes have generated 278,199 sales for a total dollar value of $133.6 billion. - Metro Vancouver's 98,599 attached units have generated 105,596 sales for a total dollar value of $33.9 billion. - Metro Vancouver's 192,264 condominiums have generated 217,880 sales for a total dollar value of $62.9 billion.
One of our favourite cowboys,
For further information: For a copy of the report and more information, contact: Rudy Nielsen, President and Founder, Landcor Data Corporation, (604) 606-7914, [email protected]
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