May 2012 Update

Last month I wrote about the most expensive real estate in the world. However, just because housing is expensive, that doesn't necessarily mean that the overall cost of living is the highest. One thing is for sure - Geneva and Paris are the 2 cities that have the 2 in common- expensive real estate and a high cost of living. Here's the comparison:

Highest cost of living
Zurich
Tokyo
Geneva
Osaka Kobe
Oslo
Paris

Most expensive real estate
London
Hong Kong
Geneva
Paris
Singapore
Moscow

 

Now, to the monthly stats.  Looks like we ‘re heading for a buyer’s market…



BENCHMARK PRICE- UP
The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $679,000, up 5.3% compared to March 2011.
(The benchmark prices  shown here are based on the  average sold listings in all of the Greater Vancouver region.  For more accurate pricing per area, please see chart below.)

The benchmark price for detached properties increased 9.2% from March 2011 to $1,056,400.
The benchmark price of an apartment property increased 2.2% from March 2011 to $375,100.
The benchmark price of a townhome unit increased 0.9%from March 2011 to $480,900.

TOTAL LISTINGS:  up

At 15,236,, the total number of residential property listings on MLS(R) increased 16% from this time last year.

SALES:  down:

Total sales in greater Vancouver reached 2,874 , 8.4% down from March 2011.

NEW LISTINGS: down:

At 5,843, down 14% from Mar 2011.

 

Questions? Just ask me!               ANA (604) 328-6330      

 

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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.