Mike Rampf & Shawn Anderson-

Vancouver Real Estate Marketing Done Right

Mike and Shawn have more than a combined fourteen years experience in the Vancouver Real Estate market. They specialize in selling houses, condominiums, land, townhouses, and investment properties in Vancouver and the surrounding area. Both Mike and Shawn have UBC Commerce Degrees and as a result are able to provide an unparalleled range of real estate services. Mike and Shawn's team has sold hundreds of homes at present; last year the team sold over one home per week. Please read below for some of Mike and Shawn's Vancouver Real Estate Blogs as well as about some of their other interests.

Blog by Rampf-Anderson Real Estate Group

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Greater Vancouver market stabilizing

Greater Vancouver Real Estate Market is Satabilizing!

January 7, 2009: The record-breaking seven year real estate market cycle in Greater Vancouver has ended in 2008 amidst global economic challenges, as recently reported by the Real Estate Board of Greater Vancouver (REBGV).


 The change brings relief from drastic increases where prices almost doubled from $357,770 for a single-family home in December 2001 to $648,421 in December 2008.
 
“Trends in the latter half of 2008 showed a consistent month-over-month decrease in residential housing prices, a departure from the rising home prices and record-breaking sales that were experienced in Greater Vancouver for much of this decade,” says Dave Watt, president at REBGV. “It’s also important to note that our December statistics show a third consecutive month of a decrease in active property listings in Greater Vancouver. That means supply is coming down.”
 
Residential prices, as calculated by the MLSLink Housing Price Index, declined 10.9% between December 2007 and 2008. Since May 2008, the overall residential benchmark price has dropped 14.8% in Greater Vancouver to $484,211 from $568,411.
 
The REBGV states sales of detached, attached and apartment properties decreased 35.3% in 2008, with 24,626 sales compared to 38,050 sales in 2007.
 
Property listings for the year increased 13.9%, with 62,561 properties on the market compared to 54,945 in 2007. Total listings in December declined 17.2% to 15,193 from the 18,348 active listings in Greater Vancouver in November 2008.