Vancouver Apartments – Breaks Average Price Record

Apartments Take Gold

Vancouver Apartments average price set an all time high to win gold.

Average Price 1977 – 2013

2013 06 01 Average Price

Detached

Gold

The average price of Detached homes in Vancouver receded from last months 2013 high of $1,169,149. June settled in at $1,116,102 – the lowest average price this year.

Attached

Vancouver’s attached average price also dropped from May’s $574,881 2013’s high to date, down to $570,142 a figure just short of January’s $570,910.

Apartment

Apartment average reached an all time high at $487,515 up from May’s $448,768 and April’s $417,460 – the lowest average price to date in 2013.

To date, the highest apartment average was recorded in April 2011 at $483,424.

Vancouver Real Estate Average Prices:

Detached Attached Apartment
June 13 – $1,116,102 June 13 – $570,142 June 13 – $487,515
June 12 – $1,061,067 June 12 – $566,310 June 12 – $433,841
June 11 – $1,215,265 June 11 – $554,763 June 11 – $445,981

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
June 13 – 7,883
+ 0%
June 13 – 2,656
– 3%
June 13 – 6,750
– 13%
June 12 – 7,958 June 12 – 2,761 June 12 – 7,774

Vancouver Real Estate – Units Sold

Detached Attached Apartment
June 13 – 1,106
+ 19%
June 13 – 472
+ 13%
June 13 – 1,068
+ 4%
June 12 – 924 June 12 – 415 June 12 – 1,026

Golden Thoughts

The record breaking average price for Apartments along with the relative stability within an establishing price bracket for Detached and Attached segments will make June notable as a positive month in the Vancouver real estate market. In addition, sales are up in all segments which may give rise to golden thoughts for Vancouver residential home sellers.

*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.

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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.

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