REBGV has just released the Greater Vancouver real estate stats for Aprril 2012. In a nutshell, listings are up, sales were the lowest total for the month since 2001 and 16.9% below the 10 year April average. I prefer to use the average price vs the benchmark price as I think it’s more realistic. Compared to a year ago the average for Greater Vancouver dropped 7.3%, townhomes 1% and condos 7.7%. View the graph
What are the Statistics for Property Listings?
Greater Vancouver property listings, compared to a year ago, were up 9.7% for houses, 9.4% for townhomes and 12% for condos
How did Home Sales Do in April?
Vancouver homes sales were down 19.4% for houses, 21.8% for townhomes and 0.8% for condos, compared to a year ago. Days on market up 30% from a year ago for houses, up 19.8% for townhomes and 13.2% for condos. What’s the average sellers moved from their list price? 2% for homes, for townhomes and condos 0.6%.
How’s the Vancouver market treating you? Please leave a comment on Facebook, at the bottom of this post