Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, British Columbia
P: 604-261-9311
F: 604-261-6648
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Royal LePage Westside
5970 East Boulevard , Vancouver, British Columbia
P: 604-261-9311
F: 604-261-6648
Wednesday, November 2, 2011 - Vancouver Westside Housing Prices - October, 2011
The Real Estate Board of Greater Vancouver has just released the Housing Price Index for October, 2011:
| Benchmark Price | 3 Mo. Average | 1 Year Change | |
| Detached (Van. West) | $ 2,008,702 | $ 2,000,949 | + 23.4% |
| Detached (Van. East) | $856,411 | $840,632 | + 16.2% |
| Townhouses (Van. West) | $857,108 | $832,393 | + 13.7% |
| Condominiums (Van. West) | $ 517,991 | $522,816 | + 2.3% |
Remember the old slogan "Why wait for Spring, do it now?" My advice to Buyers is just that. At this time of the year, there is a good selection of properties to purchase, compared to the first and second quarter of the year, with many Sellers getting more competitive in their pricing to achieve a sale. As is typical, properties that are not sold within the next 45 days, will start to get de-listed, and inventory levels will drop, leaving less choice for Buyers. The Spring market is anybody's guess.
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