JUNE 2012 REPORT

The Greater Vancouver stats are looking good.   Even though the inventory is growing, the prices are still showing (moderate) increases.

 

GVRD BENCHMARK PRICE- UP 3.3% from May 2011.  Up 2.4% over the last 3 months. Currently at  $625,100

The benchmark price for detached properties increased 5.1% from May 2011.  Currently at $967,500.

The benchmark price of an apartment property increased 1.7% from March 2011 to $379,700.


The benchmark price of a townhome unit increased 0.9%from March 2011 to $470,000.

TOTAL LISTINGS:  UP

At 17,835,, the total number of residential property listings on MLS(R) increased  21% from this time last year.

SALES:  down:

Total sales in greater Vancouver reached 2,853 - 15.5% down from May 2011.

 

NEW LISTINGS: UP

At 6,927, 16.8% increase from May 2011 which were 6,056.

 

DAYS ON MARKET: 

Condos & Townhomes -  29

Detached homes -  22

 

% of ORIGINAL PRICE:

All properties sold within 96-99% of original price.

 

CURRENT INTEREST RATES:

Variable 2.9%

3 Year Closed 2.99%

5 Year Closed 3.29%

 

The above stats are courtesy of the Real Estate Board of Greater Vancouver; May 2012.

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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.