October 2014 Housing Market Update

Metro Vancouver home sales above average in October 2014

The Real Estate Board of Greater Vancouver

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According to the Real Estate Board of Greater Vancouver (REBGV) last month’s sales were 16.6 per cent above the 10-year sales average for October.

“Detached homes continue to increase in price more than condominium and townhome properties. This is largely a function of supply and demand as the supply of condominium and townhome properties are more abundant than detached homes in our region,” said REBGV president Ray Harris

  • The benchmark price for detached properties increased 7.9% from October 2013 to $995,100.
  • The benchmark price of an apartment property increased 4% from October 2013 to $380,200.
  •  The benchmark price of an attached unit increased 4.7% between October 2013 and 2014 to $479,500.

Source: http://www.rebgv.org/