Vancouver West Side House Prices Dip in February

This is the first time in the last ten years that I've seen Vancouver's West Side house prices be lower in February than in January. Very unusual for Chinese New Year as there is always a surge in real estate sales as they go shoppping.

Are prices topping, given the 32% increase in the last year? Definitely over the top!

In December 2012 the average sales price was $2M, so it has nearly doubled in only three years....definitely not normal.

In January 2015 the price was $2.7M and a year later it's $3.7M.

Average sale price dipped from $3.805.000 in January to $3.728.000 in February.

However, one month does not a treand make! We shall have to see what happens in March.

View the graph



No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Posts By Date
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.