{"id":4127,"date":"2017-09-08T11:04:44","date_gmt":"2017-09-08T18:04:44","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?p=4127"},"modified":"2017-09-18T13:33:52","modified_gmt":"2017-09-18T20:33:52","slug":"vancouver-detached-volume-down-36-year-to-date","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2017\/09\/around-vancouver\/vancouver-detached-volume-down-36-year-to-date\/","title":{"rendered":"Vancouver Detached Dollar Volume Down 36% Year to Date"},"content":{"rendered":"
If you read either of my latest Vancouver Detached Report<\/a> or Vancouver condo Report<\/a> you’d already know these two markets are going in very opposite directions. Unfortunately there’s a lot of stats out there confusing a mass of Vancouverites.<\/p>\n With the latest August headlines proclaiming a rebound in sales and prices what they fail to take into account is we are comparing August 2017 to August 2016, the same month a once in a lifetime foreign buyers tax was introduced. A policy which instantly halted activity and sent sales and prices plunging.<\/p>\n To get a more accurate picture, I have taken a year to date approach. Comparing January 01 to August 31, each year, for the past 7 years. That’s a full 8 months worth of data to look at, not just one month. Here’s how the market shapes up.<\/p>\n For January 01- August 31, 2016 the average sales price of a detached home in Vancouver was\u00a0$2,864,520.00. Comparing the same time frame this year, the average sales price was $2,607,377.00. That’s a 9% drop.<\/span><\/p>\n The median sales price dropped even further, from\u00a0$2,339,000 to\u00a0$1,980,000, a 15% decline.<\/p>\nVancouver Detached Average Sales Price Down 9%<\/h2>\n