Vancouver Real Estate Stats Don’t Lie

REBGV Stats

“Activity in the Greater Vancouver housing market continued to strengthen in March”.

Highlights

  • sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March – a 31.7% increase above February 2011
  • The Relevant Spin: 80.1 per cent increase from the 2,265 home sales in March 2009
  • at 13,110, residential property listings on the MLS® increased 9.9 per cent in March compared to last month
  • More Spin: “Conditions favour sellers at the moment, but we’re seeing differences in home-price trends and overall activity depending on the region and property type.”
  • Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5.4 per cent
  • Detached Sales in Mar.; 1,795 – up 34.4%
  • Detached Benchmark price $866,806 – up 8.3% from Mar 2010
  • Apartments sales 1,622 in Mar. – up 29.6% compared to Mar 2010
  • Apartment Benchmark price $403,885, up 2.1 from Mar. 2010
  • Attached Sales 663, up 20.8% compared to Mar 2010
  • Attached Benchmark price $511,039 – up 3.6% since Mar. 2010
  • the Pres Says: “it’s clear that home buyers and sellers view this as a good time to be active in their local housing market”

Complete Report Here

*Data and quotes courtesy Real Estate Board of Greater Vancouver

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

vangrl Says:
April 6th, 2011 at 12:24 pm

Garth Turner just bought Canadian Real Estate, the top of the market really has arrived!!
http://www.greaterfool.ca/2011/04/04/the-sure-thing-2-2/

Jim Says:
April 7th, 2011 at 9:07 am

Went to an Westside open house on the weekend. 300 attendees apparantly over 2 days.
House went for 170k over asking, yet there were only 4 bidders, all Chinese.
The realtor said he felt the market was peaking,
I guess as long as Chines immigrants are buying-the run will continue?
Whats your opinion Larry?

L8erDude Says:
April 7th, 2011 at 12:00 pm

“do as I say not as I do”

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