Vancouver’s Average Prices Chill

Frost

Jack Frost has been busy in Vancouver!

The arrival of the seasonal cold weather might be a reason that Vancouver Average Prices are feeling a chill.

Average Price 1977 – 2011

Detached

Vancouver home prices will need a warm fire to stave off it’s chill as the average price shivered to a low of $1,134,936 – down from last month’s $1,162,349.

Attached

Vancouver’s attached properties will be searching the closet for warmer clothing as it is also feeling a chill with a drop to $565,168 – down from October’s balmy $571,425 and September’s heat of $573,259.

Apartment

Apartments too are feeling ‘goose bumps’ as November’s average price dropped to $431,808 – down from October’s $446,296.

Vancouver Real Estate Average Price Numbers:

Detached Attached Apartment
November 11 – $1,131,936 November 11 – $565,168 November 11 – $431,808
November 10 – $1,043,161 November 10 – $539,429 November 10 – $416,702
November 09 – $903,496 November 09 – $505,135 November 09 – $426,059

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
November 11 – 5,741
+ 14%
November 11 – 2,152
+ 10%
November 11 – 5,888
+ 8%
November 10 – 5,019 November 10 – 1,946 November 10 – 5,419

Vancouver Real Estate – Units Sold

Detached Attached Apartment
November 11 – 917
-12%
November 11 – 444
+ 9%
November 11 – 1,000
– 5%
November 10 – 1,054 November 10 – 407 November 10 – 1,054

*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.

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*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:

Kiki Says:
December 3rd, 2011 at 2:33 pm

Too early to tell yet. Could be a short term correction. But, my bet is – it isn’t. I don’t believe Canadians will get away with constantly increasing prices while in the US property prices have plummeted terribly with limited recovery in sight.

December 3rd, 2011 at 3:21 pm

@kiki

don’t count on this market tanking. Vancouver reacts in strange ways.

Hams Says:
December 15th, 2011 at 9:16 pm

@larry

ditto…don’t count on this market NOT tanking. Vancouver reacts in strange ways.

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