summer dish: greater vancouver’s hottest markets

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Between those luscious restaurant opening, salacious street parties and lusty nights under the stars, your summer in the city was hot, hot, hot. And the Greater Vancouver real estate market? Well… let’s just say it followed suit.

This July, total residential sales in Greater Vancouver increased a thermometer-breaking 41.8% to 3,873 units (compared to July 2006 figures). Average number of days on the market? 38. The dish on what luckycat girls need to know:

hottest spots...

• apartments:
  • Port Moody/Belcarra: up 152.9% (43 units sold, up from 17)
  • New Westminster: up 69.0% (98 units sold, up from 58)
  • Port Coquitlam: up 60.6% (53 units sold, up from 33)
  • Richmond up 52.6% (203 units sold, up from 133)
  • Burnaby up 43.6% (237 units sold, up from 165)
  • Vancouver West up 27.9% (578 units sold, up from 452)
• attached units:
  • Whistler/Pemberton up 340.0% (22 units sold, up from 5)
  • Port Moody/Belcarra up 158.8% (44 units sold, up from 17)
  • Port Coquitlam up 125.0% (45 units sold, up from 20)
  • Burnaby up 68.2% (106 units sold, up from 63)
  • North Vancouver up 39.4% (46 units sold, up from 33)
• detached units:
  • West Vancouver/Howe Sound: up 88.6% (83 units sold, up from 44)
  • Richmond: up 80.4% (175 units sold, up from 97)
  • Vancouver East: up 72.0% (227 units sold, up from 132)
  • Sunshine Coast: up 70.2% (80 units sold, up from 47)
  • Port Coquitlam: up 55.0% (62 units sold, up from 40)
  • Burnaby: up 47.2% (131 units sold, up from 89)

… and benchmark prices (for greater Vancouver, calculated by the MLSLink® Housing Price Index)

• apartments:$364,510, up 10.8 per cent from one year ago
• attached units: $448,383, up 10.8 per cent from a year ago
• detached units: $714,810, up 10.9 per cent from last year

luckycat’s weather forecast: The summer’s isn’t over, baby. At least not for our real estate investments.

Visit luckycatrealestate.com to sign up for the latest news and information on Greater Vancouver’s red-hot market. And see realtylink.org for the Real Estate Board of Greater Vancouver full report.