Vancouver Average Price on the Grill

Takin a Break

In May Vancouver’s average detached home prices paused. Is this a summer time adjustment while the warm weather redirects our attention to warming BBQ grills instead of selling your home.

Average Price 1977 – 2016

2016-06-01 Average PriceYattermatters – Average Price May 2016

Vancouver Real Estate Average Numbers

Detached Attached Apartment
May 16 – $1,744,370
+29%
May 16 – $799,583
+21%
May 16 – $570,568
+15%
May 15 – $1,417,409 May 15 – $644,449 May 15 – $476,516

Vancouver Real Estate Inventory – Active Listings

Detached Attached Apartment
May 16 – 4,213
-14%
May 16 – 896
-44%
May 16 – 2,617
-54%
May 15 – 4,906 May 15 – 1,628 May 15 – 5,802

Vancouver Real Estate – Units Sold

Detached Attached Apartment
May 16 – 1,877
+8%
May 16 – 754
+2%
May 16 – 2,150
+34%
May 15 – 1,736 May 15 – 733 May 15 – 1,600

Summer Break

Grill

Emulating the slight decrease witnessed in March this latest price drop may amount to nothing more than sellers taking a “summer break”.

Over all inventory still resides in negative numbers relative to years past. The balance between a buyers and sellers market continues to favor a sellers market.

Contrary to some opinion, as the seller’s BBQ grill warms in the months ahead expect average prices to heat up later this year.

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:
June 4th, 2016 at 9:51 pm

OK my limit entry from March as been triggered. I’m short at $1.78M with a stop loss at $1.85M. Up $55k looking for my first take profit at $1.4M.

Wish me luck!

VanDerVeen Says:
July 5th, 2016 at 6:53 am

HI Larry
Any idea when you will put out June’s numbers?

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