Create your own PERSONAL SEARCHES

and save your FAVOURITE LISTINGS.
View More NON PUBLIC, CURRENT INFORMATION.
Have HOT NEW LISTINGS emailed to you daily.
Guest Membership is free and authorization is instant!

July home sale activity increases in Greater Vancouver

Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service® (MLS®) in July 2013. This represents a 40.4 per cent increase compared to the 2,098 sales recorded in July 2012, and an 11.5 per cent increase compared to the 2,642 sales in June 2013.

 

Last month’s sales were 0.1 per cent above the 10-year sales average for the month.

 

“Demand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year,” Sandra Wyant, REBGV president said. 

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July. This represents a 1.1 per cent increase compared to the 4,802 new listings reported in July 2012 and a 0.4 per cent decline from the 4,874 new listings in June of this year.

 

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,618, which is an 8.1 per cent decrease compared to July 2012 and a 3.9 per cent decline from June 2013.

 

The sales-to-active-listings ratio rose two and-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver. This is the highest this ratio has been in Greater Vancouver since April 2012.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 2.3 per cent compared to this time last year and an increase of 2.3 per cent over the last six months.

 

“Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year,” Wyant said. “This stability in price brings greater certainty to the home buying and selling process.”

 

Sales of detached properties reached 1,249 in July 2013, an increase of 59 per cent from the 787 detached sales recorded in July 2012, and a 13.7 per cent increase from the 1,099 units sold in July 2011. The benchmark price for detached properties decreased 3.1 per cent from July 2012 to $920,500.

 

Sales of apartment properties reached 1,210 in July 2013, an increase of 31 per cent compared to the 927 sales in July 2012, and an increase of 16.3 per cent compared to the 1,040 sales in July 2011. The benchmark price of an apartment property decreased 1.6 per cent from July 2012 to $368,300.

 

Attached property sales in July 2013 totalled 487, an increase of 27 per cent compared to the 384 sales in July 2012, and a 12.7 per cent increase from the 432 attached properties sold in July 2011. The benchmark price of an attached unit decreased 2.6 per cent between July 2012 and 2013 to $456,700.


from the real estate board of greater vancouver

 

Read full post
Categories:   Albion, Maple Ridge Real Estate | BC | Burke Mountain, Coquitlam Real Estate | Central Pt Coquitlam, Port Coquitlam Real Estate | Chilliwack Mountain, Chilliwack Real Estate | Chilliwack W Young-Well, Chilliwack Real Estate | Citadel PQ, Port Coquitlam Real Estate | Cliff Drive, Tsawwassen Real Estate | Cloverdale BC, Cloverdale Real Estate | Cottonwood MR, Maple Ridge Real Estate | Eagle Ridge CQ, Coquitlam Real Estate | East Central, Maple Ridge Real Estate | Fleetwood Tynehead, Surrey Real Estate | Glenwood PQ, Port Coquitlam Real Estate | Harrison Hot Springs, Harrison Hot Springs Real Estate | Langley City, Langley Real Estate | Lindell Beach, Cultus Lake Real Estate | Listing | Lower Mary Hill, Port Coquitlam Real Estate | Maillardville, Coquitlam Real Estate | Maple Ridge Real Estate | Mary Hill, Port Coquitlam Real Estate | Mid Meadows, Pitt Meadows Real Estate | Mission BC, Mission Real Estate | New Horizons, Coquitlam Real Estate | North Coquitlam, Coquitlam Real Estate | North Shore Pt Moody, Port Moody Real Estate | Oxford Heights, Port Coquitlam Real Estate | Port Moody Centre, Port Moody Real Estate | Port Moody Real Estate | Riverwood, Port Coquitlam Real Estate | Scott Creek, Coquitlam Real Estate | Silver Valley, Maple Ridge Real Estate | Southwest Maple Ridge, Maple Ridge Real Estate | Sperling-Duthie, Burnaby North Real Estate | Upper Eagle Ridge, Coquitlam Real Estate | Vedder S Watson-Promontory, Sardis Real Estate | Walnut Grove, Langley Real Estate | Weekly Mortgage Rates | West Central, Maple Ridge Real Estate | Westwood Plateau, Coquitlam Real Estate | Willoughby Heights, Langley Real Estate

                                

Categories

Finding your dream home is just a click away, start your search!  Search Now

contact me anytime

Office Location:

11933 224 Street Maple Ridge BC V2X 6B2 CA

Michael Jordan

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

Contact Form
*indicates required fields.
Your Email:*
Your Name:*
Your Telephone:
Subject:
Message:*
Please type the text as it appears above: