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Greater Vancouver Real Estate Market - December 2012


Prices hold firm as home buyers and sellers conclude 2012 from the sidelines

Недвижимость Ванкувера на русском


For much of 2012 we saw a collective hesitation on the part of buyers and sellers in the Greater Vancouver housing market. This behaviour was reflected in lower than average home sale activity and modest fluctuations in home prices. 

Last year's home sale total was 25.7% below the ten-year average for annyal Multiple Listing Services in the region.

December sales were 38.4% below the 10-year December sales.

Since reaching a peak in May of $625,100, the MLS Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.8% to $590,800. 

We saw home prices come down a bit during the latter half of the year. During the same period we saw fewer homes sales and listings. 

Activity continues to vary depending on area so it's important to work with your Realtor and other professionals to understand the trends in your area of interest. 


December Sales: 


Detached Properties (Houses) 

Average Days on Market: 74

Average Sale Price / Asking Price 95%



Average Days on Market: 69

Average Sale Price / Asking Price 96%


Condos / Apartments

Average Days on Market: 67

Average Sale Price / Asking Price 96%



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

 House -  $904,200    Townhouses - $450,900    Condo - $361,200

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.