Don's Greater Vancouver Real Estate Market Report

Vancouver Real Estate board overall
Single family houses sales for March totalled 1187 with the average sale price of $1,155,521. This 34% decrease in number of sales and no change in average price over last year same time period (March) . Townhouse sales for March totalled 500 with an average sale price of $593,139. This is a 24% decrease in the number of sales and 3% increase in average price over the same time period last year (March). Condominiums March sales totalled 1191 with the average sale price of $444,993. This 26% decrease in number of sales and 4% decrease in average price over the same time period last year (March).

Total of all types for March was 2878 sales with an average sale price of $763,780. This is a 29% decrease in number of sales and a 2% decrease in average price over March last year.

The volume of sales overall decreased substantially with the very little change in price over March last year. The Vancouver Real Estate Board sales volume year to date is down by 22% and year to date average sales price is down 1%.

Local Maple Ridge
Single family houses March sales totalled 95 with the average sale price of $524,572. This a 9% drop in number of sales and a 3% increase in average price compared to March last year. Townhouse March sales totalled 31 with an average sale price $301,355. This is a 35% decrease in the number of sales and a 9% decrease in average price compared to last March. Condominiums March sales totalled 14 with the average sale price of $210,421. This 46% decrease in number of sales and a 2% decrease in price over last March.

Total of all types of sales for March was 140 with an average sale price of $443,753. This is a 21% decrease in number of sales and a 6% increase in average price over last February.

** Note - Our local housing market volume is down by 14% year to date and prices are basically unchanged. The United States has indicated their rates will remain unchanged until 2014. Our rates will likely follow theirs. Global financial uncertainty will continue to affect our market .

With an increasing number of properties on the market and decreasing number of sales we may see some downward pressure on prices.

 
For more detail just call 604-466-4549 or emailpearceteam@telus.net .