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Vancouver East Real Estate saw the biggest Year over Year price gain

October 20, 2010

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 7:42 pm
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The Royal LePage House Price Survey released Tuesday showed that year-over-year prices are up for all housing types in vancouver but third quarter prices – along with unit sales – are down from their early 2010 peaks. City-wide, average detached bungalow prices rose 8.8% year-over-year to $873,500. Standard two-storey homes were up 8% to an average price of $977,250 while standard condominiums increased 10.2% to $491,000 year-over-year.

vancouver East saw the largest year-over-year price gains, with standard condominiums increasing 20.2% to $429,000, standard two-stories up 15.9% to $729,000, and detached bungalows gaining 10% to $649,000. Standard condominiums in West vancouver were up 9.5% year-over-year to $460,000, and detached bungalows were up 9.1% over last year to $960,000. Selling for a third-quarter average of $1,350,000, detached two-stories in vancouver’s West Side remained 8% above last year’s third-quarter average.

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2 responses to “Vancouver East Real Estate saw the biggest Year over Year price gain”

  1. maggie chandler says:

    there is a tug of war going on between the buyers who are making low offers and who think the prices should soften – and the sellers, who have the opposite opinion. to get a lower price the buyer needs to find the “right” seller who is motivated to sell and willing to take a lower price for a fast close.

  2. Agreed Maggie… we are actually having the exact same thing happening in our end. Our buyers have all been very successful and eventually we always find the “right” seller. :)

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