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Greater Vancouver Real Estate Market - April 2012

Greater Vancouver Market Update

 

 

April MLS® sales of residential properties in Greater Vancouver reached 2,799 and were the lowest total for the month in the region since 2001 and 16.9% below the 10-year April average of 3,369. 

 

"Although April sales were below what's typical for the month, we continue to see, with a sales-to-active listing ratio of nearly 17%, a balanced relationship between buyer demand and seller supply in our maketplace. Recent activiites has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type", Eugene Klein, Real Estate Board of Greater Vancouver president, said. 

 

Sales of detached properties on MLS® in April 2012 reached 1,126, a decline of 19.7% from 1,402 detached sales recorded in April 2011, and a 17.8% decrease from 1,370 units sold in April 2010. The benchmark price for the detached properties increased 6.3% from April 2011 to $1,064,800.

 

Sales of apartment properties reached 1,190 in April 2012, a decline of 0.9% compared to the 1,201 sales in April 2011, and a decrease of 22% compared to the 1,526 sales in April 2010. The benchmark of an apartment property increased 1.1% from April 2011 to $375,900

 

Townhome property sales in April 2012 totalled 483, a decline of 22.3% compared to 622 sales in April 2011, and a 21.6% decrease from the 616 townhome properties sold in April 2010. The benchmark price of a townhome unit increased 1.7% between April 2011 and 2012 to $487,300.

 

April Sales: 

 

Detached Properties (Houses) 

Average Days on Market: 44

Average Sale Price / Asking Price 97%

 

Townhouses

Average Days on Market: 44

Average Sale Price / Asking Price 97.4%

 

Condos / Apartments

Average Days on Market: 47

Sale Price / Asking Price 96.4%

 

 

Benchmark Price for properties in Greater Vancouver (Estimated sale price for a typical property)  - April  2012

 House -  $1,064,800    Townhouses - $487,300    Condo - $375,900



Greater Vancouver Real Estate Market 

 

Click here to download Greater Vancouver Price Trends by Areas And Sub-Areas

 

Click here to download statistics for real estate market of Fraser Valley

 

 

 

 

 

 

Real Estate Prices Greater Vancouver

Click here to enlarge Residential Average Sale Price Graph

 

Greater Vancouver Market Update

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.