Demand for real estate stays strong
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Updated: October 02, 2009 4:35 PM
Home sales remained strong in Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.
According to the Real Estate Board of Greater Vancouver, residential property sales in Greater Vancouver totalled 3,559 last month, an increase of 3.4 per cent from the 3,441 sales recorded in August. And a 125 per cent increase compared to one year ago.
Last month in Richmond, 192 houses, 148 townhouses and 230 apartments sold. That's a significant increase from one year ago, when just 59 houses, 41 townhouses and 134 apartments were sold.
“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS in the month than any other so far this year,” Scott Russell, real estate board president.
“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008."
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Real estate in Richmond
-Median selling price in September 2009: houses, $686,250; townhouses, $460,000; apartments, $318,400
-Median selling price in September 2008: houses: $691,000; townhouses $441,800; apartments $332,500
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