A bubble blows - month by month

Below are the monthly average prices for detached homes presented in the Vancouver Average Sale Price Chart you see above.

Starting in 2002 until now.

It's the evolution of our housing bubble charted month by month over 10 years from $363,900 in January 2002 to the current high in February 2012 at $1,235,200 and it's downward slide since.

Somewhat mesmerizing, isn't it?

DEC/12 -     $1,078,500

NOV/12 -     $1,053,900

OCT/12 -     $1,116,100

SEP/12 -      $1,119,200

AUG/12 -     $1,142,200

JUL/12 -      $1,041,300

JUN/12 -      $1,061,100

MAY/12 -    $1,073,300

APR/12 -     $1,106,600

MAR/12 -    $1,155,500

FEB/12 -      $1,235,200  -- the current high!

JAN/12 -      $1,145,900

DEC/11 -     $1,064,200

NOV/11 -     $1,134,900

OCT/11 -     $1,162,300

SEP/11 -      $1,104,800

AUG/11 -     $1,162,200

JUL/11 -      $1,133,300

JUN/11 -      $1,215,200

MAY/11 -    $1,223,400

APR/11 -     $1,204,500

MAR/11 -    $1,155,000

FEB/11 -     $1,173,300

JAN/11 -     $1,144,500

DEC/10 -    $1,046,300

NOV/10 -    $1,043,100

OCT/10 -    $1,058,500

SEP/10 -     $1,016,300

AUG/10 -    $999,400

JUL/10 -     $941,200

JUN/10 -     $970,500

MAY/10 -    $955,100

APR/10 -     $1,003,800

MAR/10 -    $1,002,000

FEB/10 -     $963,100

JAN/10 -     $950,700

DEC/09 -    $952,900

NOV/09 -    $903,400

OCT/09 -    $913,900

SEP/09 -     $872,100

AUG/09 -    $890,000

JUL/09 -     $824,400

JUN/09 -     $819,200

MAY/09 -   $831,100

APR/09 -    $816,800

MAR/09 -   $792,500

FEB/09 -     $763,200

JAN/09 -     $782,900

DEC/08 -    $813,700

NOV/08 -    $745,700

OCT/08 -    $825,200

SEP/08 -     $790,000

AUG/08 -    $808,000

JUL/08 -     $828,700

JUN/08 -     $904,100

MAY/08 -   $887,500

APR/08 -    $880,800

MAR/08 -   $918,500

FEB/08 -     $920,600

JAN/08 -     $877,200

DEC/07 -    $810,900

NOV/07 -    $813,100

OCT/07 -    $850,000

SEP/07 -     $819,800

AUG/07 -    $856,100

JUL/07 -     $831,200

JUN/07 -     $809,300

MAY/07 -   $852,400

APR/07 -    $794,300

MAR/07 -   $785,200

FEB/07 -     $743,200

JAN/07 -     $761,100

DEC/06 -    $775,700

NOV/06 -    $765,300

OCT/06 -    $795,800

SEP/06 -     $741,600

AUG/06 -    $749,200

JUL/06 -     $730,800

JUN/06 -     $718,700

MAY/06 -   $716,200

APR/06 -     $701,900

MAR/06 -    $699,900

FEB/06 -      $705,100

JAN/06 -      $655,900

DEC/05 -     $627,500

NOV/05 -     $609,600

OCT/05 -     $624,300

SEP/05 -      $630,300

AUG/05 -     $607,100 

JUL/05 -      $596,100

JUN/05 -      $580,000

MAY/05 -    $588,900

APR/05 -     $555,400

MAR/05 -    $563,900

FEB/05 -      $542,600

JAN/05 -      $524,300

DEC/04 -     $532,000

NOV/04 -     $525,600

OCT/04 -     $549,700

SEP/04 -      $538,400

AUG/04 -     $525,700

JUL/04 -      $521,800

JUN/04 -      $542,700

MAY/04 -    $530,300

APR/04 -     $532,500

MAR/04 -    $516,600

FEB/04 -      $504,400

JAN/04 -      $495,900

DEC/03 -     $475,100

NOV/03 -     $493,300

OCT/03 -     $479,800

SEP/03 -      $472,400

AUG/03 -     $457,100

JUL/03 -      $428,600

JUN/03 -      $436,900

MAY/03 -    $433,600

APR/03 -     $438,600

MAR/03 -    $426,700

FEB/03 -      $434,000

JAN/03 -      $422,700

DEC/02 -     $395,500

NOV/02 -     $403,700

OCT/02 -     $396,400

SEP/02 -      $398,100

AUG/02 -     $399,000

JUL/02 -      $390,500

JUN/02 -      $398,100

MAY/02 -    $400,500

APR/02   -   $399,000

MAR/02  -   $393,000

FEB/02   -    $389,700

JAN/02   - $363,900 -- This represents just over a 70% drop from the Feb. 2012 peak

The dot com crash occurred in 2000, the terrorist attacks of 9/11 in 2001. Then came the great stimulus initiatives of 2002 which spawned the North American housing bubbles.

"They have mouths, but do not speak; they have eyes, but do not see"
   - Psalm 135:16

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