Karen Conyers // 604-240-3377 // karen@karenconyers.ca

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Friday, December 10, 2010

10 year price comparison in GVRD

by Karen Conyers on Fri, Dec, 10, 2010 04:04 PM

November 2010 vs. 2000 Real Estate Stats

November 2010 vs. 2000 Real Estate Stats

November 2000
1,730 detached, attached & apartment properties sold
$340,490 = Detached benchmark price
$218,520 = Attached benchmark price
$159,160 = Condo benchmark price

November 2010
2,509 detached, attached & apartment properties sold
$799,312 = Detached benchmark price
$488,733 = Attached benchmark price
$389,168 = Condo benchmark price

What does this mean?
145% increase on units sold in 2010 vs. 2000
235% increase in detached home value
224% increase in attached home value
245% increase in condo value

If your detached home is worth the Greater Vancouver average of $799,312 today. Statistically it could be work $1,875,185 in 10 years. That is a good feeling if you are a home owner.

courtesy of Jessi Johnson, mtge broker, www.ownyourlife.ca

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