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The British Columbia Real Estate Association (BCREA) reports
that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC
declined 12.9 per cent to $3.1 billion in July compared to the same month last year. A total of
6,482 MLS® residential unit sales were recorded over the same period, down 0.8 per cent from
July 2011. The average MLS® residential
price was $474,954, 12.2 per cent lower
than a year ago.
“While some potential homebuyers in
Vancouver are taking a breather over the
summer months, stronger consumer
demand continues across the rest of the
province,” said Cameron Muir, BCREA
Chief Economist. MLS® residential unit
sales outside of Vancouver were up 11
per cent in July over a year ago. In
contrast, home sales through the Real
Estate Board of Greater Vancouver were
down 18 per cent over the same per
The British Columbia Real Estate Association (BCREA) reportsthat the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BCdeclined 12.9 per cent to $3.1 billion in July compared to the same month last year. A total of6,482 MLS® residential unit sales were recorded over the same period, down 0.8 per cent fromJuly 2011. The average MLS® residentialprice was $474,954, 12.2 per cent lowerthan a year ago.“While some potential homebuyers inVancouver are taking a breather over thesummer months, stronger consumerdemand continues across the rest of theprovince,” said Cameron Muir, BCREAChief Economist. MLS® residential unitsales outside of Vancouver were up 11per cent in July over a year ago.