Vancouver Average Price – October

Average Price Graph 01-11-2009 8-13-30 AM

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.

Average 3 yr Graph Residential Oct 2009

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.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*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.

Reader Comments:

fish10 Says:
November 1st, 2009 at 10:48 am

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