Detached HPI is Down!- Just added Fraser Valley numbers

What did uncle Fish tell you? I told you in several posts and comments that I expected HPI to be down, as the buying has moved to higher priced properties.

Well the REBGV numbers are out:

HPI - August $795,076 Detached

HPI- September $790,992 Detached

Attached is flat and apartments are up a tad, but detached is down nicely.

I would say prices are flat at best and that many areas have MOI which are in the double digits and are waiting for more seller anxiety to bring on price reductions.

MOI= 7

Lets see what Fraser Valley, OK and Victoria bring.

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Fraser Valley Numbers Benchmark prices

Detached- down 0.5% fom August 2010. 3.3% higher than Septmeber 2009

Attached- down 0.8% from August 2010. 3.2% higher than September 2009.

Apartment- unchanged from August 2010. Down 0.3% from September 2009.

MOI = 9.5