Average Olympic Gold Attached

Posted February 1st, 2010 in Real Estate, Statistics |

Viral Zeros

This winter, a lot of coughs and sniffles have come out of black holes to afflict us leaving many feeling like zeros. Somewhat viral, a number of those zeros attached themselves to Vancouver Average real estate prices.

Detached homes with a slight sneeze wiped a $2K drop with Olympic tissue.
Attached practicing on the straw based half pipe at Cypress Mountain, caught big air and ended up over $40,000 for the month. Some bears will need to scratch their itch, as this adds up to a very bullish average increase of $110,651 for an attached home since the quick dip of November 2008.
Apartments developed a slight tickle in their nose during the early part of winter but seemed more strident with a slight increase for the month..

Average Price 1977 – 2010

Average Price Graph 01-02-2010 12-12-31 AM

Vancouver Real Estate Average Price Numbers:

Detached	Attached	Apartment
Jan 10 – 950,785	Jan 10 – 552,971	Jan 10 – 420,566
Jan 09 – 782,961	Jan 09 – 449,389	Jan 09 – 365,657
Jan 08 – 877,273	Jan 08 – 511,920	Jan 08 – 406,936

Expect Dull

Probably nothing you haven’t heard before but, expected is that Olympic road closures restricting access, festivities, and the general spirit of the Olympics will dull Vancouver’s penchant for real estate. Presumed, is that February will only see excitement in the line ups, at the Olympic events and the bus stops as people try to get to and from work.

Best guess is that the post Olympic market will be a grab bag. It will be interesting to see if the games are sufficient distraction to permanently reduce the market frenzy witnessed in the past while. If Somerville’s report, discussed a few posts back, has credence, then we shouldn’t expect any change at all.

Permalink | Comment On This Post |

Search for your home here. It’s lot easier than other places I can’t mention and you can see the home via Google street view. . Use Walkability to determine the availability of those neighbourhood services most important to you. Don’t be shy, tell your friends who are looking to stop by and give it a whirl. They will love you even more.

If you would like something more personal that is specific to your budget and needs, give me a shout. Let’s talk and I’ll set you up with a custom search delivered daily to your in box.

Of course, if you got some questions I’m around for that too.

Thinking of Buying or Selling your Vancouver home? Put on a cup of coffee and let’s talk.

*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:

blueskies Says:

February 1st, 2010 at 4:23 pm

This winter, a lot of coughs and sniffles have come out of black holes to afflict us leaving many feeling like zeros.

the source of the zeros is the same circular orifice
that provides a less than desirable hiding place
from these selfsame innumerate pundits…..

STOP THE MADNESS!!

davers Says:

February 1st, 2010 at 4:56 pm

This kind of brings up my issue with averages. There is no way that a townhouse worth 510K last month is worth 552K this month. This just means that the ones sold in Jan were higher end ones than the ones sold in Dec.

Condos and Detached are pretty much flat, which probably have more acurate numbers because I would guess that relative to attached there are far more of the former sold ever month, making the averages more stable.