April’s Showers Dampen Vancouver’s Average Prices

April Showers

Sales volumes were higher in all sectors but April’s showers dampened Vancouver’s average prices.

Average Price 1977 – 2014

2014 05 01 Average Price
Record rain in Kitsilano 300x275

Highlights

  • Detached price – Down.
  • Attached price – Down
  • Apartment price – Down
  • Active Listing – Down
  • Sales – Up

Vancouver Real Estate Average Numbers

Detached Attached Apartment
April 14 – $1,198,828 April 14 – $556,203 April 14 – $459,368
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

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
April 14 – 6,720
– 10%
April 14 – 2,175
– 14%
April 14 – 6,620
– 0%
April 13 – 7,539 April 13 – 2,532 April 13 – 6,659

Vancouver Real Estate – Units Sold

Detached Attached Apartment
April 14 – 1,341
+ 25%
April 14 – 542
+ 6%
April 14 – 1,172
+ 11%
April 13 – 1,071 April 13 – 511 April 13 – 1,052

*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.

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:

Finally Says:
May 1st, 2014 at 8:09 am

Thanks for the quick numbers. You must not sleep Larry. Looks like the sword has fallen, this should be an interesting year.

May 1st, 2014 at 8:16 am

@finally
“You must not sleep Larry”
– On the job 🙂

Mr man Says:
May 2nd, 2014 at 3:10 pm

Hi Larry, question.

I can’t afford anything in town except for older homes. Specifically older TH in the 35 year old category. I was told by a friend that these older developments could be targets for developers. If that happens and strata votes yes, do I have to accept any offer they bring? My worry is that I buy a 500k the and then get offered lower if that happens.

Is this true?

Thanks!!!

May 2nd, 2014 at 8:50 pm

Mr. Man,

You gotta love friends who scare the crap out of you.
Read and understand your building bylaws, talk to your strata council.
I suspect such move will require a minimum 75% vote in favor – possibly higher for disposition to consider this option. Anything is possible but this scenario does seem unlikely. If you own a ‘freehold strata’ it is less so.
Ultimately a conversation with a lawyer specializing in strata law should be the direction you take to give you comfort.

Uncle to Says:
May 5th, 2014 at 8:35 am

Can you provide numbers for median prices? Or are these just not available? As a statistician and physician, I find this reporting of averages to be woefully inadequate and misleading.

May 5th, 2014 at 9:41 am

@uncle to
As time permits I can and do.

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