Don's Greater Vancouver Real Estate Market Report

Vancouver Real Estate board overall

Single family houses sales for February totalled 707 with the average sale price of $1,221,037. This 35% decrease in number of sales and no change in average price over last year same time period (February) . Townhouse sales for February totalled 333 with an average sale price of $549,793. This is a 21% decrease in the number of sales and an decrease of 1% in average price over the same time period last year (February). Condominiums February sales totalled 760 with the average sale price of $426,276. This a 25% decrease in number of sales and 6% decrease in average price over the same time period last year (February).

Total of all types for February was 1800 sales with an average sale price of $761,291. This is a 29% decrease in number of sales and a 5% decrease in average price over February last year.

The total number of sales ran about 29% below the same month in the previous year with minimal change in average price in single family and 1% decrease in townhouses and a 6% decrease in condos. The Vancouver Real Estate Board sales volume year to date is down by 23% year to date and year to date average sales price is down by 3%. The number of active listings is 7% higher this February compared to last February.

Home sale activity has now trended below historical averages for a full year in the Greater Vancouver housing market, with price decreases in the 5% range.

Local Maple Ridge

Single family houses February sales totalled 53 with the average sale price of $499,534. This a 6% decrease in number of sales and average price increase of 1% compared to February last year. Townhouse February sales totalled 19 with an average sale price $281,536. This is a 32% decrease in the number of sales and average price is virtually unchanged compared to last February. Condominiums February sales totalled 13 with the average sale price of $197,848. This is an 18% increase in number of sales and average price virtually unchanged over last February.

Total of all types of sales for February was 85 with an average sale price of $404,665. This is a 33% decrease in number of sales and a 3% decrease in average price over last February.

Low volume of sales will continue to put downward pressure on prices.

The number of properties on the market in Maple Ridge for February is 872 which is 1% below last February.

The Real Estate Board of Greater Vancouver Housing Market Update for January 2013 with REBGV president Eugen Klein video link. Click below.

http://www.youtube.com/watch?v=f0QGKwDWARw&feature=youtu.be

For more detail just call 604-466-4549 or email

pearceteam@telus.net .