Throughout 2023, real estate prices have fluctuated.
In March, the three least expensive single-family detached homes had an average price of $1.205 million. When looking again in October, the prices of the three least expensive single-family detached homes had dropped to $1.109 million, just about $96,000 less.
What do the prices look like as we close out the year?
Bracken Parkway
Listed at $1.088 million, this home on Bracken Parkway in Brackendale has three bedrooms and two bathrooms.
“The upgraded home boasts a tasteful addition, a large deck, and an enclosed garage. The fully fenced yard includes two large storage sheds and an 18 ft. swimming pool pad,” reads the listing.
The home was built in 1969 and the 2022 BC Assessment values it at about $1.079 million.
It was last sold in 2008.
Sixth Avenue
This home located on Sixth Avenue was also listed for sale in October 2023. It is still listed for $1.135 million.
The two-bedroom and one-bathroom home is located near the Squamish Estuary downtown.
“Great holding property, for the potential to develop in the future,” reads the listing.
The 2022 assessment values the property at $1.085 million.
It was last sold in 1985.
Juniper Crescent
In Valleycliffe, there is a four-bedroom and three-bathroom home for sale on Juniper Crescent for $1.3 million.
“Opportunity to add more bedrooms, family room or studio suite. Parking [and] loads of future potential to make this traditional Valleycliffe home your own,” reads the listing.
Built in 1977, the home had a 2022 assessment of $1.438 million. There is no available information on the last time it was sold.
The home already has a one-bedroom suite.
Bottom line
The average price between these three homes comes out to be about $1.174 million.
Compared with October, this is about $65,000 more expensive. However, the current prices are less expensive than in March.
In 2023 compared with 2022, sales dollar volume, sales unit volume and residential pricing are all down across the province, according to the British Columbia Real Estate Association.
However, the greater Vancouver area had an average residential price of $1.283 million in November 2023, a 6.6% increase to November 2022. This is on top of a 13.5% increase in active for-sale units between the two months.
