Vancouver home sales up 30 per cent in January from year before


Tuesday, February 4th, 2014

Other

Home sales in the Vancouver region for January were 30.3 per cent higher from the same month a year ago.

The Real Estate Board of Greater Vancouver says sales through its multiple listing service totalled 1,760 for the month, up from 1,351 in January 2013.

However, sales were down 9.9 per cent from 1,953 in December 2013.

The board noted that January sales were 7.2 per cent above the 10-year average for the month.

Photos: A startling contrast in homes priced at $869,000 across Canada

The MLS home price index composite benchmark price for Vancouver was $606,800, up 3.2 per cent from a year ago.

New listings totalled 5,345 for January, up 4.2 per cent compared with 5,128 new listings in January 2013.

The number of properties listed for sale totalled 12,602, down 4.9 per cent from January 2013, but up nine per cent from December 2013.

“The Greater Vancouver housing market has been a balanced market for nearly a year,” board president Sandra Wyant said in a statement.

“This has meant steady home sale and listing activity, accompanied by stable home prices.”

© Copyright (c) The Vancouver Sun



Comments are closed.