JULY 2008 Vancouver Real Estate Statistics

July 3, 2008 –Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyer’s phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in June 2008 to 2,425 from the 4,244 sales recorded in June 2007. (find out what this means for you?)

New listings for detached, attached and apartment properties increased 18.3 per cent to 6,546 in June 2008 compared to June 2007, when 5,533 new units were listed. (What does this mean to me?)

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Lynn Valley is one of the largest and most popular nieghbourhoods in North Vancouver. The recently developed Lynn Valley town centre has become a much anticipated centre point of ammenities. Homes in the Lynn Valley area range in value from the high $600’s to well into the upper $1mill mark.

Lynn Valley trails, Mt Fromme Bike trails, Baden Powell Trail Lynn Creek headwaters

Lynn Canyon Suspension Bridge

Find our the value of your home in Lynn Valley…..CLICK HERE

Current Lynn Valley MLS Listing available in the form below

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