Average Greater Vancouver Home Price nearing $1mill mark
Posted on March 9th, 2008 by Roland Lewis
At an asking price of $889,000, the Second World War bungalow in the 3100-block West 10th Avenue in Vancouver seemed like a bargain to realtor Terry Flahiff yesterday.
With the average price of a detached home in Greater Vancouver nearing $921,000 last month, Flahiff’s listing could be considered a bargain.
“It’s very busy,” said Flahiff, who works for Re/Max Crest Realty (Westside) and has been a realtor since 1985.
“There are still more buyers than sellers in this market and I think that if a property is perceived to be overpriced, it sits. If it is sharply priced, we are certainly seeing people competing for these properties. I’m still in more multiple-offer situations than not.”
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