Secret Love Affair with Vancouver Real Estate

Fickle

If Vancouver real estate is your secret lover you might think it fickle.

As sweet, warm and inviting as the swirls of foamed milk in your lover’s coffee this affair constantly changes. Capricious, it exhibits unpredictability suggesting motives unstable and unresolved with an outlook that casually alters as quickly as your lover’s loyalty.

Average Price 1977 – 2012

2013 04 30 Average Price

Detached

Lover-Come-Back-doris-day

In the month of April there was a subtle unpredictable change as Vancouver’s detached average home price subsided to $1,152,091 down from March’s 1,176,642.

Attached

Seemingly without motive Vancouver’s attached average price for April 2013 moved closer to 2013’s high of $570,910 ending the month with an average price $549,447.

Apartment

Apartment’s were in the heat of passion in March with an average price that rose $456,358 – the highest average price achieved in 2013. In April, March’s lustful moment unceremoniously deflated as the average fell limp to settle at $417,460.


Vancouver Real Estate Average Prices:

Detached Attached Apartment
April 13 – $1,152,091 April 13 – $549,447 April 13 – $417,460
April 12 – $1,106,683 April 12 – $580,733 April 12 – $445,458
April 11 – $1,204,587 April 11 – $573,318 April 11 – $483,424

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
April 13 – 7,539
+ 9%
April 13 – 2,532
+ 0%
April 13 – 6,659
– 6%
April 12 – 6,858 April 12 – 2,543 April 12 – 7,137

Vancouver Real Estate – Units Sold

Detached Attached Apartment
April 13 – 1,071
– 5%
April 13 – 511
+ 5%
April 13 – 1,052
– 11%
April 12 – 1,131 April 12 – 483 April 12 – 1,190

*Percent = YOY

Photo Credit: Time Warner-Doris Day,Rock Hudson

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:

Alex Says:
May 1st, 2013 at 9:25 am

Impressively fast stats, thanks Larry!

May 1st, 2013 at 10:11 am

@larry

Is it a bird, is it a plane? No, it’s a Lightning Larry.

Lightning fast, that is. Man, you are quick and as a bonus, no spin.

Thanks Larry.

May 1st, 2013 at 10:36 am

@lookoutbelow

LOL! all that and a bag of chips too. 🙂

Shelly Says:
May 1st, 2013 at 12:01 pm

Always great information with a delightful narrative..:-) please send to the doomsday curators back east!

Darcy Says:
May 2nd, 2013 at 5:02 am

Thanks for getting this out so quickly. Better results than previous months for sure. How much of this do you think is tied to the pst and do you think the pst influence will impact future months ie pent up demand, or is it a flash in the pan? Thanks Larry

Bailing in BC Says:
May 6th, 2013 at 1:24 pm

sorry for re posting this on several sites but I’m still looking for answers and thought someone over here (perhaps Larry himself) might be able to help.

I have just been checking out the rebgv stats package.

When I look at the “Listing and Sales Activity Summary” I see that they are comparing Feb-Apr 2013 to Feb to Apr 2012. I thought that this was an odd comparison and seem to recall that previously they were comparing year to date, so Jan-Apr 2013 to Jan-Apr 2012 (I could be wrong).

So I decided to look back at old stats packages to see if they have changed what they compare but when I go back it seems that any packages older than 2013 only contain the news release spin and not the actual stats.

Does this not seem strange that they cannot supply stats beyond 4 months? Has this always been the case? Does anyone have old stats packages so we can check if they have changed their comparisons on the “Listings and Sales Activity Summary”?

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