Vancouver’s Average Price Dance

Flip Flop

Vancouver real estate’s dance with average prices seem as ubiquitous as the sound eminating from flip flop’s.

Average Price 1977 – 2011

Detached

Vancouver’s average detached price has climbed. From July’s flop of $1,133,357 August saw average prices flip up to $1,162,242.

Attached

Attached average prices followed this path in reverse flopping down from July’s $569,042 to August’s $562,145.

Apartment

Keeping the rhythm, Apartment’s average price flipped up in August to $463,203 from July’s $450,527.

Vancouver Real Estate Average Price Numbers:

Detached Attached Apartment
August 11 – $1,162,242 August 11 – $562,145 August 11 – $463,204
August 10 – $999,407 August 10 – $551,035 August 10 – $430,598
August 09 – $890,087 August 09 – $484,976 August 09 – $392,501

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
August 11 – 6,222
-5%
August 11 – 2,347
0%
August 11 – 6,201
-4%
August 10 – 6,572 August 10 – 2,356 August 10 – 6,493

Vancouver Real Estate – Units Sold

Detached Attached Apartment
August 11 – 1,029
+14%
August 11 – 403
+ 7%
August 11 – 955
+ 2%
August 10 – 898 August 10 – 374 August 10 – 936

*Percent = YOY

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:

VMD Says:
September 2nd, 2011 at 2:19 pm

It’s interesting to note that SFH year-over-year average prices from May-Aug 2010-2011 shows a declining price growth for the last 4 months:

2011-8 SFH: $1,162,242 (+16.3% vs 2010-8)
2011-7 SFH: $1,133,357 (+20.4% vs 2010-7)
2011-6 SFH: $1,215,265 (+24.9% vs 2010-6)
2011-5 SFH: $1,223,421 (+28.1% vs 2010-5)

Despite month-to-month ups and downs of price.
there is a -4% / month decline in amount of price increase compared to same month in 2010.

Kinda interesting~

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