Vancouver home prices continue to inch downward
VANCOUVER, July 9, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed year-over-year price decreases across all housing types surveyed in Vancouver.
Standard condominium prices decreased by 3.3 per cent year-over-year to $490,475, while detached bungalows decreased 3.2 per cent to $1,052,500. Standard two-storey home prices also saw a moderate drop of 2.3 per cent to $1,151,250. Interestingly, however, this represents an upward trend when compared to the first quarter of 2013, where price decreases were greater than 5.0 per cent across the board.
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