(Bloomberg) -- Vancouver home sales fell 33 percent in September from a year earlier, and 9.5 percent from the prior month, according to a statement from city's realtors.
Sales were 2,253 in September, down from 3,345 a year earlier and 2,489 in August, the Real Estate Board of Greater Vancouver said Tuesday.
Home sales in the region dipped below the 10-year monthly average for September for the first time since May 2014.
The average price of a detached property in Vancouver jumped 34 percent in September from a year earlier to C$1.58 million ($1.2 million).
To contact the reporter on this story: Erik Hertzberg in Ottawa at eschmitzhert@bloomberg.net.
To contact the editor responsible for this story: Chris Fournier at cfournier3@bloomberg.net.
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