Subscribe with RSS ReaderWed Apr 2, 2014 11:19am PST
Sales and prices for Metro Vancouver homes edged higher in March, according to statistics released April 2 by the Real Estate Board of Greater Vancouver (REBGV).
The REBGV counted 2,641 residential property sales in March, which is 12.5% more than the 2,347 properties that transacted in March 2013. It is also a 4.4% premium over the 2,500 homes that changed hands in February.
March's sales, however, were 17.2% below the 10-year sales average for the month, which is 3,190 sales.
Prices also rose – both year-over-year and compared to February.
The REBGV pinned the benchmark home price for the region at $615,200. That's 3.7% more than the benchmark price of $593,100 in March 2013. It is also higher than the REBGV's benchmark price of $609,100 in February.
Fueling this stability is a constant sales-to-active-listings ratio, which stayed flat from February at 18.2%.
"We continue to see steady and stable market conditions across the Greater Vancouver housing market," said REBGV president Ray Harris. "There has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year."
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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