On Time Decisions

Ups and Downs

Vancouver’s Kitsilano neighbourhood real estate market is a mixed bag of ups and downs.

Latest Information

According to the Vancouver real estate board the statistical information in this graph is the latest available. The graph’s variables represent the market state for detached, attached and apartment properties during the current and past two years. The percentages noted at the bottom of each column reflect the change from the previous year.

What Do You Think?

Does this information in this format help you make a Vancouver home buying or selling decision?

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:
June 12th, 2012 at 2:54 pm

Sure looks like multiple data points are showing that this time last year was the high water mark for prices (so far!)

Though I am not sure we will all be jumping in the pool just because average prices are down $130K.

That pool is still deep enough to drown most of us in debt.

Tx for the community data points Larry.

Keep’em coming!

BubbleBoy Says:
June 12th, 2012 at 7:50 pm

I’m pretty sure by winter, prices will be down double digits for sure in kits. Westside has quite a few listings and they keep coming. Richmond is extremely flooded and Burnaby is showing more listings too. Right now all the high end homes are not selling as well. Under 1 million in east van is moving well. But those are idiots buying anyways. Don’t let it be YOU! 

June 12th, 2012 at 9:33 pm

@bubbles
Guess you haven’t read my about page recently. I need to be clear with you – your comment adds nothing of value.

Example 1:
“Don’t let it be YOU!”
When were you anointed as the supreme know it all. What gives you the right to tell people what to do.

Example 2:
“But those are idiots buying anyways.”
This type of rhetoric is unfounded and unnecessary. Tone it down. Better still take it somewhere else.

Patient Says:
June 13th, 2012 at 5:26 am

Larry,
I am curious about your use of average home sale prices rather than median home sales prices in your chart. As I understand it, average sale prices can be heavily influenced by outliers (eg. A few 10$million home sales draws average up.)In contrast median home sale price is free of this influence.

Is there a reason you chose to use average? is it possible for you to provide the median data dor the same time periods as your chart?
Thank You

June 13th, 2012 at 8:19 am

@Patient
“Is there a reason you chose to use average?…..”

No there wasn’t a particular reason and yes it is possible and while it would be great to “do it all” it comes down to how much time I have in the day.

vangrl Says:
June 13th, 2012 at 2:00 pm

I like the use of “average”, it was the data that was commonly used on the way up, i think it should be used on the way down as well….all about consistency

vangrl Says:
June 13th, 2012 at 2:05 pm

last year REBGV and the media were pretty vocal in saying “Vancouver home prices are up 20% YoY”, having them this year say “Vancouver home prices are up 3.3% YoY” is not only confusing (knowing what we know), but a little sneaky to say the least.

Dan Says:
June 13th, 2012 at 2:30 pm

Thanks for the info always Larry.

Bubbleboy is just being an ass. “the sky is falling, the sky is falling…” Sure the bubble will no doubt pop; but he’ll still be an ass.

June 13th, 2012 at 2:58 pm

@vangrl
good observation: Was that the HPI or Average they were using as reference?

vangrl Says:
June 13th, 2012 at 3:36 pm

last year they were using Average and this year they are using HPI….as Dana Carvey would say “verrry convenient”

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