February Home Sales Decline

Home sale activity has trended below historical
averages for a full year in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013.
This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012,
and a 33 per cent increase compared to the 1,351 sales in January 2012.
Last month’s sales were the second lowest February total in the region since 2001 and 30.9 per
cent below the 10-year sales average for the month.
“Sales in February followed recent trends and were below seasonal averages, though our
members tell us they saw more traffic at open houses last month compared to the previous six to
Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013.This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012,and a 33 per cent increase compared to the 1,351 sales in January 2012.Last month’s sales were the second lowest February total in the region since 2001 and 30.9 percent below the 10-year sales average for the month.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.