Vancouver Average Flip and Bounce

Gymnastics

Each month is loaded with drama as Vancouver residential housing finds its balance on the average price beam.

Average Price 1977 – 2011

Detached

Vancouver’s average detached price landed another decline in July at $1,133,357, down from the previous all time high in May of $1,223,421.

Attached

Attached average prices in July did a back flip from June’s $554,763 with a solid landing in July at $569,042.

Apartment

Apartment’s average price flip was not as dramatic but it settled on the beam up from June’s $445,981 to July’s $450,527.

Vancouver Real Estate Average Price Numbers:

Detached Attached Apartment
July 11 – $1,133,357 July 11 – $569,042 July 11 – $450,527
July 10 – $941,542 July 10 – $529,253 July 10 – $443,100
July 09 – $824,437 July 09 – $486,564 July 09 – $400,823

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
July 11 – 6,396
-09%
July 11 – 2,401
-01%
July 11 – 6,429
-07%
July 10 – 7,075 July 10 – 2,443 July 10 – 6,913

Vancouver Real Estate – Units Sold

Detached Attached Apartment
July 11 – 1,101
+20%
July 11 – 432
-17%
July 11 – 1,040
-06%
July 10 – 911 July 10 – 368 July 10 – 979

*Percent = YOY

Image Credit

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:
August 1st, 2011 at 9:56 pm

Thanks Larry

Ming Says:
August 2nd, 2011 at 3:35 pm

Hi,

Thanks for the information. But Average Price does not mean too much. Can you give Median Price?

Thanks.

fish10 Says:
August 2nd, 2011 at 5:41 pm

Ming

Why don’t you send larry a cheque for $300 or better still list your house with him and I am sure he will give you all the stats you need.

Sam Sama Says:
August 2nd, 2011 at 7:03 pm

Thanks Larry.

Interesting – what are your views on the trends on SFH prices?

Much appreciated.

August 2nd, 2011 at 8:08 pm

@fish
LOL – too funny. I’ll split it with you.:)

painted turtle Says:
August 2nd, 2011 at 8:20 pm

Thanks, Larry!
You surely will be my agent when I decide to buy, I mean if one day prices align with my income ($210 000 x 3 = $630 000 max price I can afford).

August 2nd, 2011 at 9:30 pm

@sam
this historical graph tells me that today it appears to be down. I don’t have a crystal ball therefore to suggest to you what tomorrow may bring implies more than I can give.

August 2nd, 2011 at 9:31 pm

@turtle
there are homes you can afford but their location may not meet your expectations.

beard of bees Says:
August 2nd, 2011 at 9:55 pm

Larry, your attached plot says 560k, but the table says 569k.

August 2nd, 2011 at 10:09 pm

B of B
thanks for pointing that out. must be my happy fingers working overtime – now corrected 🙂

bbcoq Says:
August 2nd, 2011 at 11:51 pm

What is the “buzz” Larry? Still lots of buyers around? I see the affordable houses being turned over and higher end stuff seems to be sitting-could it be that volume of sales at lower prices pull the average lower? See lots of sold stickers out here in the burbs but at lower prices…..pricy stuff sits and sits

August 3rd, 2011 at 5:54 am

@bbcoq
if word on the street has value then ‘summer siesta’ is something I’m hearing

A prospective buyer Says:
August 3rd, 2011 at 3:06 pm

Still too expensive for most working people. I want to buy a TH in Richmond. But my budget of $400,000 is only good for 30-40 years old TH. I have to raise my budget to $450,000~500,000 so that I can buy a 10 years or so TH.

Too expensive.

August 3rd, 2011 at 3:20 pm

@prospective
You are facing a dilemma that many encounter. It will come down to deciding on an alternate location that is farther afield. Make use of the property search feature on this blog. You may just find an acceptable alternative.

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