Most Lower Mainland home prices down in June from 2012

Greater Vancouver real estate sales 22 per cent below the 10-year average

Lower Mainland home prices have slipped in most categories over the past year and residential home sales remain well below long-term averages.

The Real Estate Board of Greater Vancouver, which excludes North Delta, Surrey and White Rock, said sales of homes in June were 22 per cent below the 10-year average for that month.

It said the benchmark price of $919,900 for detached houses was down 4.3 per cent in June from a year earlier. Apartment prices were down 1.9 per cent to $369,100 and attached homes were down 2.4 per cent to $457,000.

The benchmark price for detached houses in the Fraser Valley was up 0.2 per cent to $552,200 from June of 2012. The Fraser Valley Real Estate Board said townhouse benchmark prices fell 2.1 per cent to $298,700 and apartments were down 0.8 per cent to $202,500.