Vancouver Average Price – October
Posted November 1st, 2009 in Real Estate, Statistics | 
Happy Halloween
The secular tradition of dressing as harmful spirits and thereby avoid harm, found many Goblins, Ghouls and other strangely wonderful apparitions knocking at my door this Halloween. Hoping to hide themselves from true evil spirits by blending in, the costumes were varied and plentiful.
Arriving at each house, the words Trick or Treat are proclaimed. This proclamation is a balanced offer by the spirits. Trick (old English), is mostly an idle threat to cause harm. The threat is thwarted with offers of a Treat which, in our world, is often in the form of candy or other safe edibles.
Harvest
Halloween is recognized as the end of the harvest which by our calendar corresponds with the month of October. As with all harvests one counts the rewards. In real estate we measure the harvest of Vancouver’s market.
Bags Full
By all measure, the Vancouver market harvest was bountiful. The Detached Average price was up from Sept’s $872,115. Plentiful the harvest was, as October’s Detached Average price settled at $913,938. So it was for Attached as the Average Price jumped from September’s $509,601 to round the season with October’s $523,541. Apartment’s Average price completed the harvest with an increase from September’s $409,068 to finish the season with October’s Average price of $429,777.
Vancouver Real Estate Average Price Numbers:
| Detached | Attached | Apartment |
| Sept 09 – 872,115 | Sept 09 – 509,601 | Sept 09 – 409,068 |
| Oct 09 – 913,938 | Oct 09 – 523,541 | Oct 09 – 429,777 |
Vancouver Real Estate Average Price YOY:
| Detached | Attached | Apartment |
| Oct 07 – 849,996 | Oct 07 – 484,048 | Oct 07 – 406,804 |
| Oct 08 – 825,206 | Oct 08 – 461,788 | Oct 08 – 386,838 |
Future Harvests
One wonders if it is the Trick or the Treat that is driving this market. Is the Trick, that idle threat, the fear of ‘we must buy now or else’ that implores people to push this market higher or, is it the Treat, that sweet candy of ‘current’ low interest rates that provides the impetus.
Either answer to those who question, leaves them to wonder if the rationale driving this years’ harvest of exploding sales will flame-out as quickly as stars shot from fireworks.
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed. ** Numbers provided may vary as they are dynamically posted by the REBGV.
Hat tip to you Larry:
http://fishyre.blogspot.com/2009/11/october-numbers.html