Hot – Vancouver Single Family Home Style

Hot

Look in the dictionary and you may find that the definition of hot refers to Vancouver’s single family detached family house prices.

Average Price 1977 – 2014

2015-07-01-Average-Price-web YatterMatters – Average Price June 2015

Vancouver Real Estate Average Numbers

Detached Attached Apartment
June 15 – $1,442,296
+ 20%
June 15 – $626,014
+ 9%
June 15 – $479,937
+ 5%
June 14 – $1,200,539 June 14 – $573,702 June 14 – $454,769

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
June 15 – 4,364
– 26%
June 15 – 1,652
– 21%
June 15 – 5,741
– 19%
June 14 – 6,877 June 14 – 2,192 June 14 – 6,942

Vancouver Real Estate – Units Sold

Detached Attached Apartment
June 15 – 1,927
+ 31%
June 15 – 681
+ 7%
June 15 – 1,774
+ 26%
June 14 – 1,470 June 14 – 636 June 14 – 1,308
Hot-Dry-Walking-Lady

Long Dry Walk

Yet another record price for a Vancouver single detached house renders the idea of affordability equal to that of kicking a pebble in the desert. You might as well talk about dust!

Now more than ever fewer people will ever own a home in this city. For them the single family market place is a dry, hot, harsh place whose horizon is barren of hope.

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:

vangrl Says:
July 2nd, 2015 at 7:07 pm

gotta change the plus to minus in inventory.

July 2nd, 2015 at 8:32 pm

@vangrl
thanks for the heads up editing – it is appreciated.

Bbcoq Says:
July 3rd, 2015 at 8:17 am

Noticing some stale listings and asking prices that seem a little hopeful- mirage or real?

Aly Jiwan Says:
July 3rd, 2015 at 9:00 am

SFH avg. price from graph is $1,442,296 , but in your table it’s $1,397,953. Typo in table?

July 3rd, 2015 at 6:13 pm

@Aly
Thanks. As with @vangrl thanks for the edit. appreciated.

July 3rd, 2015 at 6:18 pm

@Bbcoq
now long retired there used to be an agent on the west side who would price everything $100K to $200K higher than any reasoned evaluation. Nobody could understand why she would do that. It didn’t make sense until you understood that she took only one year listings and that in time the market would catch up and she was a hero. As to your observation: “it may be a mirage today but real tomorrow”.
That is Tweetable!

Dale Says:
July 6th, 2015 at 4:58 pm

This dramatic rise in the market has nothing to do with BC’s local economy, in many cases the local economy is declining.

The price rise is directly related to Foreign (not local) Chinese Investors dumping their money out of China as fast as they can.

If the Canadian politicians cared about their constituents in the slightest way, they would be doing what other more intelligent countries are doing, and limit Foreign Real Estate Investment. However they are either ignorant or liking the “donations” or profit margins on their own investments and don’t want to change a thing, despite turning Vancouver into a deserted wasteland.

As many professionals wake up, we will find a further shortage of doctors, engineers, teachers, and other useful professions (lawyers and accountants will always hover over a carcass to pick it clean, lol) in shortage. With them leaving, so will startups and businesses that need professionals and can no longer find them due to the ridiculous living expenses. Vancouver will be owned by Foreign Investors with most of the places vacant and unkept.
Also…good luck finding a good restaurant when minimum wage causes someone to live in Hope.

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