Vancouver Average Price March 2016

Oh Oh!

It starts with a gut feeling. Then that feeling turns into hard numbers to become an “OMG” moment! A moment that confirms the market for Vancouver homes has chosen a different path.

Average Price 1977 – 2016

Vancouver Average Price  Mar-2016Yattermatters – Average Price March 2016

Vancouver Real Estate Average Numbers

Detached Attached Apartment
March 16 – $1,783,681
+26%
March 16 – $769,754
+21%
March 16 – $563,518
+21%
March 15 – $1,406,426 March 15 – $635,035 March 15 – $465,225

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
March 16 – 3,711
-24%
March 16 – 751
-57%
March 16 – 2,896
-49%
March 15 – 4,907 March 15 – 1,748/strong> March 15 – 5,721

Vancouver Real Estate – Units Sold

Detached Attached Apartment
March 16 – 2,148
+24%
March 16 – 786
+8%
March 16 – 2,252
+38%
March 15 – 1,721 March 15 – 722 March 15 – 1,627

Nervous

Father-Girl-discussing-mortgage

If you are a detached home owner you might in light of this market change, find yourself agitated, perhaps alarmed, or anxious. You may find your state of being all of the above if earlier you had decided to mortgage your home to help your kids buy a condo. After all, a decreasing asset value attached to a substantial debt load in your twilight years is not a comfort zone.

A one month slide down of approximately $16,000 is peanuts in the great scheme of multi million dollar prices. The banks won’t be calling you just yet! Add to that bit of corporate sunshine that mortgaged condo average price increased $22,000 since last month leaving the balance sheet in the positive.

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:

Rob Says:
April 5th, 2016 at 10:48 am

Vancouver, where house price charts look like a penny stock trading on the old VSE.

If this were a penny stock, would make a great shorting opportunity. Sell order under $1.78M, with a stop loss just over the high. First take profit at $1.4M then look to break below $1.2M Perfect setup!

Dave Says:
May 13th, 2016 at 5:26 pm

Larry…… Any numbers for April, guessing avg prices up?. Thanks

Vtradz Says:
May 15th, 2016 at 12:39 pm

Rob:

I’d wait the the backside b4 shorting. U might get KBIO’D.

Market is crazy strong, gotta let chasers get clean out first

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