Posted January 3rd, 2014 in Statistics |
Supply = Demand
“Consistent balance between demand and supply” is how the Real Estate Board of Greater Vancouver describes the 2013 real estate market.
An over view of 2013′s sales for detached, attached and apartment properties:
- 2013 Sales – 28,524
- 2012 Sales – 25,032
- 14 per cent increase
- the third lowest annual total in the last ten years
- Active Listing in Vancouver declined 6.2 per cent in 2013
- Active Listings in line with 10 year average
The Pres Says
According to Sandra Wyant, REBGV’s president “home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade.”
“It was a year of stability for the Greater Vancouver housing market,” where “balanced conditions allowed home prices in the region to remain steady, with just a modest increase over the last 12 months.”
- residential sales in Greater Vancouver totalled 1,953 in December 2013
- up 71% from 2012
- up 8.1% over the 10 year average
- Detached Sales in December 2013 reached 762 – up 79.3% compared to December 2012′s 425
- At $927,000 the Detached Benchmark price was up 2.5% compared to December 2012.
- Apartment sales reached 850 in December 2013 – up 68.7% compared to December 2012
- At $367,000 the apartment Benchmark price increased by 1.8 compared to December 2012
- Attached sales in December 2013 totalled 341 – up 60.1% compared to December 2012
- Compared to December 2012 the benchmark price was up 1.2% to $456,100
What’s the Trend?
You could presuppose that a number of Vancouver Realtors® will be singing this song.