Vancouver's West Side
Comparing June 2011 to June 2012: the median sales price of a detached home in Vancouver's westside has fallen by roughly 14%, however both the attached and apartment market segments have seen moderate increases. The number of home sales has fallen by quite a bit from the same time last year - a whopping 51% for detached homes, while total inventory has increased across all of the market segments. The westside has transitioned from a balanced market, to a buyer's market, with between 7.1 months supply (apartments) to 10.6 months supply (detached homes).
Median sales price:
http://statscentre.rebgv.org/Service/s/V4C-kl2
Number of sales:
http://statscentre.rebgv.org/Service/s/V4G-tAa
Total number of listings:
http://statscentre.rebgv.org/Service/s/V4H-zQ1
Vancouver's East Side
June 2012 brought about moderate median price increases for both detached and attached homes, while apartment prices stayed pretty much the same, from this time last year. The number of homes sold is also up in the attached and apartment market segments, however detached properties fell by almost 40% from this time last year. Lastly, the number of listings on the MLS is up across all segments compared to this time last year. We're still in a seller's market for attached and apartment homes at 4.3 and 4.4 months supply respectively, while detached homes have moved into a balanced market with 6.5 months supply.
Median sales price:
http://statscentre.rebgv.org/Service/s/V4D-sG3
Number of sales:
http://statscentre.rebgv.org/Service/s/V4F-hRN
Total number of listings:
http://statscentre.rebgv.org/Service/s/V4I-V4Q