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.

Comments:
No comments

Post Your Comment:

Blogs
Posts By Date
Categories