The price of a typical detached house on the toney West Side of Vancouver dropped the hardest of 20 communities surveyed in March by the Real Estate Board of Greater Vancouver.
The "benchmark" price of a detached house on the West Side fell 9.1 per cent from a year earlier compared with a region-wide decline of 5 per cent.
The benchmark price - a data point that rounds out statistical averages - of a West Side house fell to $2.06 million, still the highest in Canada. The benchmark price of a detached house on Vancouver's East Side was down 3.1 per cent from a year earlier to $813,300.
Across Greater Vancouver, the benchmark detached-house price in March was $906,900.
The March benchmark price for a condominium apartment in Greater Vancouver was down 3.3 per cent for the year, to $362,100.
from Western Investor May 2013
