Vancouver Average Price – Too Many Treats

Halloween Treats

Gorging on Halloween sweet treats, one out of three Vancouver real estate segments had one treat too many.

Average Price 1977 – 2011

Detached

Vancouver home prices put on the pounds! Pushing the scale beyond September’s low of $1,104,896, detached homes exceeded August’s $1,162,242 as October’s gain totaled $1,162,349.

Attached

A few pounds heavier than August’s $562,145, October’s Attached Average Prices managed to weigh in below September’s $573,259 with a slight gain that totaled $571,425.

Apartment

Following a more disciplined diet path, Apartments tipped the scale in October with a total average price of $446,296 – down from August’s $463,204 and September’s $455,342.

Vancouver Real Estate Average Price Numbers:

Detached Attached Apartment
October 11 – $1,162,349 October 11 – $571,425 October 11 – $446,296
October 10 – $1,058,578 October 10 – $519,187 October 10 – $441,696
October 09 – $913,938 October 09 – $523,541 October 09 – $429,777

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
October 11 – 6,494
+ 11%
October 11 – 2,449
+ 12%
October 11 – 6,434
+ 6%
October 10 – 5,829 October 10 – 2,184 October 10 – 6,062

Vancouver Real Estate – Units Sold

Detached Attached Apartment
October 11 – 977
0
October 11 – 382
+ 1%
October 11 – 958
– 3%
October 10 – 979 October 10 – 377 October 10 – 988

*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:

vanpro Says:
November 1st, 2011 at 11:16 am

Overall inventory up 9.25% YoY while sales are basically flat compared to Oct./10.

davers Says:
November 1st, 2011 at 11:27 am

Thanks for the numbers Larry. Detached continues to show large swings, it will be interesting to see what happens coming into the winter.

November 1st, 2011 at 1:14 pm

@Davers

“continues to show large swings”
You would almost think we were in Athens.

zrh2yvr Says:
November 1st, 2011 at 3:59 pm

It’s a bit in the mix- (as it has been for past while) – a bit more top-end sales with lower priced selling fewer. Possible signs of bottom slowing first?

vanpro Says:
November 3rd, 2011 at 7:50 am

Sales for Oct/11 were 2,317 – the 2nd lowest for Oct in 10 years. Benchmark prices have continued to fall since June/11 peak – including in high-end West Side and West Vancouver SFH’s:

Benchmark SFH price declines:

Greater Vancouver Overall: -1.34% MoM, -2% since June/11 peak

Burnaby: -5.5% MoM, -3.34% since peak
Coquitlam: -2.2% MoM
North Van: -2.3% MoM
Port Moody: -6.5% MoM
Van West: -1.1% MoM, -3% since peak
West Van: -1.3% MoM, -5.5% since peak

http://www.rebgv.org/sites/default/files/REBGV_StatsPackage_October2011.pdf

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