Saturday, November 3, 2012

5 year Benchmark up-dates

Based on the REBGV stats package the following areas have negative 5 year price changes.

Overall (Composite)

Bowen Island -7.3%
Maple Ridge -3.7%
Pitt Meadow -2.3%
Squamish -2.0%
Sunshine Coast -6.6%


Bowen Island -7.3%
Maple Ridge -1.2%
Sunshine Coast -6.7%
Whistler -3.8%


Maple Ridge -7%
Port Moody -1.1%
Squamish -2.4%


Burnaby East -9.2%
Burnaby North -2.2%
Coquitlam -4.7%
Maple Ridge -10.8%
Pitt Meadows -12%
Port Coquitlam -11.8%
Port Moddy -5.6%
Squamish -12.7%
Tsawwassen 2.1%
West Vancouver -8.3%

A significant portion of Vancouver Real Estate is in recession. However there are still areas with appreciation. Eg West Van SFH - which is up 20% over 5 years, but there are special reasons (see the last comment someone put up on my last post) or East Van SFH up over 30% due to forced gentrification from Van West's high prices. I think Whistler's apartment numbers must be an aberrant number.

What I see is a Mexican stand-off in much of Vancouver, with the very high priced houses still selling but at a discount.