Accoridng to the Real Estate Board of Greater Vancouver home sales are up considerably from September 2012 which had one of the lowest sales in nearly three decades.
I heard the same comments from a lot of real estate agents that 2012 had been slower than usual.
Home sale and listing activity this September were in line with the 10-year average for the month:
New Listings all property types = 5,030 (5.5% decline from last September)
Current Listing all property types = 16,115 (12.2% decline from last September)
Sales-t0-active-listing ratio = 15.4% (15-25% is balanced market)
Home prices have not changed much this year. The benchmark price for all property types (houses, townhouses, condos) in Greater Vancouver is $601,900.
It declined 0.7% from last September but increased 2.3% from this January.
Condo Sales increased 50.6% (Sept 2012 vs Sept 2013) Benchmark price $366,600 decreased 0.5%
Townhome Sales increased 79.7% (Sept 2012 vs Sept 2013) Benchmark price $458,300 unchanged
House Sales increased 72.2% (Sept 2012 vs Sept 2013) Benchmark price $922,600 decreased 1.4%
For more information about you specific neighborhood, please contact Jenny Chen at 604-818-7317 or jenny@ultimatehomeguide.ca
