January 2012 Update

(February 09, 2012 )

Selection of properties broaden and demand eases to kick off 2012 in the Greater Vancouver housing market
Sales of detached homes in Greater Vancouver see a decline of 16.9% comparing only January 2011 and January 2012.  Overall Greater Vancouver properties are up 5.7% from January 2011 to January 2012.    

NORTH VANCOUVER STATISTICS

Detached Homes Benchmark Price $957,800

1 year change +11.0%
3 year change+27.2%
5 year change +24.4%

Townhouse Benchmark Price $523,800
1 year change -1.4%
3 year change+0.4%
5 year change+0.1%

Apartment Benchmark Price $340,800
1 year change -0.2%
3 year change+11.2%
5 year change+0.9%

WEST VANCOUVER STATISTICS

Detached Homes Benchmark Price $1,831,500
1 year change +18.2%
3 year change +35.9%
5 year change +33.7%

Apartment Benchmark Price $340,800
1 year change -0.5%
3 year change +7.2%
5 year change +1.8%