{"id":1000,"date":"2014-04-11T09:51:20","date_gmt":"2014-04-11T17:51:20","guid":{"rendered":"https:\/\/lindaqin.com\/?p=1000"},"modified":"2014-10-31T14:38:07","modified_gmt":"2014-10-31T22:38:07","slug":"home-sale-listing-activity-continue-chart-steady-path-regions-housing-market","status":"publish","type":"post","link":"https:\/\/lindaqin.com\/en\/blog\/home-sale-listing-activity-continue-chart-steady-path-regions-housing-market\/","title":{"rendered":"Home sale and listing activity continue to chart a steady path for the region\u2019s housing market"},"content":{"rendered":"

\"\"<\/p>\n

March home sales in Greater Vancouver outpaced last year\u2019s total yet lagged the region\u2019s historical average for the month.<\/b><\/p>\n

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service\u00ae (MLS\u00ae) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013, and a 4.4 per cent increase compared to the 2,530 sales in February 2014.<\/b><\/b><\/p>\n

Last month\u2019s sales were 17.2 per cent below the 10-year sales average for March of 3,190.<\/b><\/b><\/p>\n

The sales-to-active-listings ratio currently sits at 18.2 per cent in Greater Vancouver, which is unchanged from last month.<\/b><\/b><\/p>\n

\u201cWe continue to see steady and stable market conditions across the Greater Vancouver housing market,\u201d said Ray Harris, REBGV president. \u201cThere has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year.\u201d\u00a0<\/b><\/b><\/p>\n

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,281 in March. This represents a 9.1 per cent increase compared to the 4,839 new listings in March 2013 and a 12.4 per cent increase from the 4,700 new listings in February. Last month\u2019s new listing count was 5.9 per cent below the region\u2019s 10-year new listing average for the month.<\/b><\/b><\/p>\n

The total number of properties currently listed for sale on the Greater Vancouver MLS\u00ae is 14,472, a 6.4 per cent decline compared to March 2013 and a 7.9 per cent increase compared to February 2014.<\/b><\/b><\/p>\n

\u201cHome prices in the region have experienced incremental gains in most areas\u00a0<\/b><\/p>\n

and property types over the last 12 months,\u201d Harris said. \u201cIt\u2019s important to remember that this is a diverse marketplace and trends will vary depending on area and property type.\u201d<\/b><\/b><\/p>\n

The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $615,200. This represents a 3.7 per cent increase compared to March 2013.<\/b><\/b><\/p>\n

Sales of detached properties in March 2014 reached 1,116, an increase of 19.6 per cent from the 933 detached sales recorded in March 2013, and a 5.7 per cent decrease from the 1,183 units sold in March 2012. The benchmark price for detached properties increased 4.2 per cent from March 2013 to $945,400.<\/b><\/b><\/p>\n

Sales of apartment properties reached 1,106 in March 2014, an increase of 12.6 per cent compared to the 982 sales in March 2013, and a 7.1 per cent decline compared to the 1,191 sales in March 2012. The benchmark price of an apartment property increased 3.8 per cent from March 2013 to $375,800.<\/b><\/b><\/p>\n

Attached property sales in March 2014 totalled 419, a 3 per cent decline compared to the 432 sales in March 2013, and a 16.2 per cent decline from the 500 attached properties sold in March 2012. The benchmark price of an attached unit increased 1.3 per cent between March 2013 and 2014 to $460,100.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

March home sales in Greater Vancouver outpaced last year\u2019s total yet lagged the region\u2019s historical average for the month.
\nThe Real Estate Boar…<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1000","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts\/1000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/comments?post=1000"}],"version-history":[{"count":0,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/posts\/1000\/revisions"}],"wp:attachment":[{"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/media?parent=1000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/categories?post=1000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lindaqin.com\/en\/wp-json\/wp\/v2\/tags?post=1000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}