April Market Review

Spring Buyers And Sellers Emerge In The Greater Vancouver Housing Market

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,050 on the MLS® in April 2014. This represents a 16.1% increase compared to the 2,627 sales recorded in April 2013, and a 15.5% increase compared to the 2,641 sales in March 2014. 

Last month’s sales were 5.2% below the 10-year sales average for April of 3,217.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,950 in April. This represents a 1.3% increase compared to April 2013 and a 12.7% increase from the 5,281 new listings in March. Last month’s new listing count was 1.2% higher than the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system is 15,515, a 7.3% decline  compared to April 2013 and a 7.2% increase compared to March 2014. 
“Home prices in the region continue to show steady, yet modest, increases when compared to last year,” REBGV President said. 

Sales of detached properties in April 2014 reached 1,336, an increase of 25.6% from the 1,064 detached sales recorded in April 2013, and an 18.7% increase from the 1,126 units sold in April 2012.

Sales of apartment properties reached 1,172 in April 2014, an increase of 11.4% compared to the 1,052 sales in April 2013, and a 1.5% decline compared to April 2012.
Attached property sales in April 2014 totalled 542, a 6.1% increase compared to the 511 sales in April 2013, and a 12.2% increase over the 483 attached properties sold in April 2012