Vancouver Attached Real Estate – L.A.P.S. Series

REBGV Attached

This information series is a recap of the previous months Vancouver real estate market activity. It is designed to bring together elements of Vancouver real estate into a two year context. Included are Units Listed, Units Sold, the number of Active Listings and the Average Price.

This recap reviews the Vancouver Attached market.

Vancouver Attached Units Listed

Units Listed dropped from last month’s 767 to 589 – the lowest number recorded since Dec 08’s 214, Dec 09’s 327 and Nov 08’s 514.

Vancouver Attached Units Sold

May 09 recorded the highest number of sales at 664 followed by Sept 09 at 647. With 2,184 active listings, Oct 10 recorded 377 sales which is not the lowest number of sales in the past two years. That record is held by Jan 09 at 109 when there were 2,334 active listings.

Vancouver’s Attached Active Listings

Since May/10 when Active Listing reached a 2010 high of 2,596 the listing count continued a slow drop over the next few months to Aug/10’s 2,356.

In Sept/10, Active listings climbed a little to 2,381. That number subsided as Oct recorded only 2,184 Active listings.

Vancouver’s Attached Average Price

Average Prices had a continuing back and forth battle during the course of 2010. The highest point was Jun/10 which recorded an average of $569,,037. This was followed by the lowest average price in Jul/10 at $529,253. Then in Aug/10 that number was quickly forgotten as the average came back to $551,035. In Sept/10, the average reversed once again dipping to $534,085. Now in October it has again dropped to $519,187, a number approaching the see-saw battle last seen in the Sept to Dec 09 period.

Snapshot

Though this is only a singular one month snapshot of a market activity the numbers indicate that we may have found ourselves in front of a speed bump and this slowing may deserve respected caution.

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.

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