In the Land of OZ, aka Vancouver, – September Average Prices Rise

OZ

Sometimes when these Vancouver Average real estate price numbers are compiled a vision of the Great Oz comes to mind. Hiding in a room with a door bell that is out of order he furiously creates bursts of fire, puffs of smoke and giant images meant to frighten Dorothy and her troop. Similarly, this month’s average prices increases may cause you to believe you are in the land of Oz.

Average Price 1977 – 2014

2014-10-01-Average-Price-WEB
Wizard of Oz

September Highlights

  • Detached price – Up
  • Attached price – Up
  • Apartment price – Up
  • Sales – Up

Vancouver Real Estate Average Numbers

Detached Attached Apartment
September 14 – $1,263,129 September 14 – $593,035 September 14 – $476,891
September 13 – $1,211,190 September 13 – $608,825 September 13 – $428,898
September 12 – $1,119,166 September 12 – $531,311 September 12 – $445,429

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
September 14 – 6,302
– 14%
September 14 – 2,092
– 15%
September 14 – 6,438
+ 2%
September 13 – 7,354 September 13 – 2,480 September 13 – 6,281

Vancouver Real Estate – Units Sold

Detached Attached Apartment
September 14 – 1,279
+ 24%
September 14 – 464
+ 4%
September 14 – 1,188
+ 16%
September 13 – 1,029 September 13 – 442 September 13 – 1,019

Did You Knock

Wizard of Oz_the Great and Powerful

In last month’s coffee cup commentary it was noted that “the gems are sought after as the sharp buyers recognize the value in buying a well maintained home and are snapping them up in a day or two often paying above the asking price.”

As speculative as one might be in Oz – aka Vancouver, lower inventory may have made those few “good” homes stand clear of the market’s smoke.

Further assumption implies that September’s astute buyers knew that ringing the bell would not bring sellers to the door. In the land of Oz where all good things are green, they chose instead to knock on a seller’s door with more cash thereby pushing average prices higher.

*Percent = YOY Wizard of Oz Pictures Courtesy MGM

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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