Tricia Leslie recently wrote an article for New Local Home.com; " Vancouver's red-hot real estate market  has reached a costly landmark, with the average price od a detached home reaching $1 million mark for the first time ever!" Last month, more than 1,300 single detached homes were sold in Metro Vancouver for a grand total of 1.3 billion. This puts the average sale price of a detached Vancouver-area home at slightly more than $1 million, something B.C. Real Estate Association chief economist Cameron Muir says is unpresendented. It's an amazing rebound, especially considering the 2009 housing market started at extremely low levels not seen since the 1980's, Muir says, and notes that by the end of last year, home sales were trending towards record levels. High-end homes are included in the $1 million average, but according to the Real Estate Board of Greater Vancouver, the average price of a standard detached home in the city reached $800,341 in March, up from $650,000 only a year ago. Local housing prices for all residential properties in Greater Vancouver have increased by 20.3%, while prices for detached homes rose by 23.3%. This means the Vancouver-area market has recovered to the point where the average price of a home is nearly 3% higher than it was in May 2008, before the recession.