Zero’s in a Black Hole
Many have been looking at that light in the tunnel hoping the zeros of 2008 would add up to another disastrous year in 2009. The reality of 2009 was that others added those zeros to their selling prices.
Almost Zero Interest Rates
With the power of cheap money it started around April – May 09 when the bulls busted out in force pushing prices higher than anyone anticipated. The word ‘surprise’ was the most common word heard throughout the summer months and early fall.
- Detached homes having hesitated a little in the fall, seems reborn as it entered the new year of 2010.
- Attached though weaker in its stride as it ended 2009’s push upward.
- Apartments may have caught a cold in December and ended with a small price sneeze below the previous months average.
Vancouver Residential Average Price Past 33 Years
in 1977 the Average Detached price was $69,600
Vancouver Residential Average Price 2006 – 2010
2007 to 2009 Average Numbers Compared:
|Dec 09 – 952,927||Dec 09 – 510,130||Dec 09 – 418,096|
|Dec 08 – 829,508||Dec 08 – 483,970||Dec 08 – 357,105|
|Dec 07 – 810,911||Dec 07 – 500,416||Dec 07 – 407,237|
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.