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Vancouver Real Estate board April Stats

 

The number of sales decreased 20.9% in April which is likely a result of 3 factors. As of mid March you can no longer have a CMHC insured mortgage with a 35 year term, it is now 30 years maximum. We had a election which always causes a hesitation in the market and last but not least, now we have people waiting to see the results of the HST vote. There was a increase of 4.4% in the sale price of single family homes with the average sale price of a single family home at $1,204,587. This considers all sales from West Vancouver to Maple Ridge. Townhouses had an average selling price of $573,318 which is almost identical to March and Condominiums average price was $483,424 which is increase of 3.7% over March . Buyers had more choice as the number of units available increased in April by 8.2% to 14,187.

 

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