2010 Ends with Vancouver’s Real Estate Cups Holding Two Peas

Two Out of Three

Vancouver Real estate has ended 2010 with yet another Average Price surprise.

The shell game continues to perplex in its challenge to anticipate Vancouver Real Estate’s month end Average Price values.

In opposition to November’s numbers we see a reversal of fortunes in two out the three segments. We find peas under two cups as the detached and apartment segments reversed their price path.

Average Price 1977 – 2010

Detached

As a detached home seller the results may be your most significant Christmas present. Under your cup you will find the average price of a detached home in Vancouver has increased from last month’s $1,043,161 to $1,046,348.

Attached

Throughout the year Attached prices have bounced from a high in June of $569,037 to October’s low of $519,187. December’s $526,556 is a resurgence and perhaps a path to yet higher prices in 2011.

Apartment

Apartment average price cup holds the second pea as it climbed from November’s $416,702 – the year’s lowest price. December’s $439,648 is the second highest average price for the year exceeded only by July’s $443,100.

Vancouver Real Estate Average Price Numbers:

Detached Attached Apartment
December 10 – $1,046,348 December 10 – $526,556 December 10 – $439,648
December 09 – $952,927 December 09 – $510,130 December 09 – $418,096
December 08 – $829,508 December 08 – $483,970 December 08 – $357,105

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
December 10 – 3,912
+ 05%
December 10 – 1,559
+ 19%
December 10 – 4,397
+ 12%
December 09 – 3,711 December 09 – 1,305 December 09 – 3,918

Vancouver Real Estate – Units Sold

Detached Attached Apartment
December 10 – 772
– 14%
December 10 – 319
– 30%
December 10 – 812
– 29%
December 09 – 906 December 09 – 461 December 09 – 1,154

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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