market dish: blue note?

It’s not just the rain that’s had you gazing contemplatively out the window, glass of wine in hand, a soulful trio playing blue notes in the background. 

It’s the fact that Greater Vancouver attached property sales in January 2008 declined 6.7 % to 318 units, compared with 341 sales in January 2007. And that January 2008 detached property sales decreased 7.8% to 641, from the 695 detached units sold over the same period in 2007.

On a brighter note? Sales of apartment properties in January 2008 rose to 860, compared to 695 sales in January 2007, with a 13.8%  increase in the benchmark price from January 2007.

And with the benchmark price of an attached unit up 12.4% from January 2007 to $462,627, and the January benchmark price for detached properties up 15.7% from January 2007 to $742,490, you’re willing to leave it to others to dwell on the blues.

Visit luckycatrealestate.com for more on real estate in Greater Vancouver, or realtylink.org for the Real Estate Board of Greater Vancouver's full report.

*This representation is based in part by data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.