Vancouver Average Price – Forget Affordability

Let There Be Light?

There is talk in the press about Vancouver Average prices and affordability. It has been a long journey that has left many tired , frustrated and disenchanted?

Average Price 1977 – 2016

2016-05-16-Average-PriceYattermatters – Average Price April 2016

Vancouver Real Estate Average Numbers

Detached Attached Apartment
April 16 – $1,811,560
+29%
April 16 – $771,321
+21%
April 16 – $528,685
+15%
April 15 – $1,398,967 April 15 – $634,168 April 15 – $457,729

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
April 16 – 3,961
-19%
April 16 – 817
-51%
April 16 – 2,772
-52%
April 15 – 4,923 April 15 – 1,696 April 15 – 5,817

Vancouver Real Estate – Units Sold

Detached Attached Apartment
April 16 – 1,983
+8%
April 16 – 695
-11%
April 16 – 2,107
+33%
April 15 – 1,830 April 15 – 785 April 15 – 1,579

A Step Too Far

Man-in-Tunnel

For some Vancouver home buyers this latest climb in home prices has dimmed the flame.

Though others reached this place before, to the current batch of buyers this increase is:

  • a step to high.
  • a step that destroys dreams.
  • a step that vanquishes.

They are the last steps that make home ownership impossible.

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:

Canuck Says:
May 30th, 2016 at 9:33 pm

These numbers right? Look at your sales numbers. I think maybe the percentage should be negative. Plus did Condo sales really go down that much? thanks

June 1st, 2016 at 10:30 am

@thunderdragon
thanks for the good eye – appreciated. now corrected.

Canuck Says:
June 1st, 2016 at 6:16 pm

no problem, “units sold” still looks off.

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