mark stephenson west vancouver real estate agent
You are here: Home Real Estate news Home Buyers in the Driver's Seat
Home Buyers in the Driver's Seat PDF Print E-mail
Monday, 06 September 2010

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. The average MLS® residential price climbed 6 per cent to $491,832 in July compared to the same month last year.Home_Buyers_In_The_Drivers_Seat_2010-08-12

"A relatively large number of homes for sale have created the most favourable supply conditions for home buyers in more than a year," said Cameron Muir, BCREA Chief Economist. MLS® active residential listings were 21 per cent higher in July than at the start of the year on a seasonally adjusted basis. However, with newly listed MLS® residential units now declining, tighter market conditions may emerge this fall.

Year-to-date, BC residential sales dollar volume increased 16 per cent to $24.2 billion, compared to the same period last year. Residential unit sales rose 4 per cent to 48,127 year-to-date, while the average MLS® residential price climbed 13 per cent to $504,281 over the same period.

Source: British Columbia Real Estate Association

 

  Bookmark and Share
Contact Information
contact information

Client login
User ID:
Password:


Create your own personal, real-time MLS search.
Click here to signup

Open House Calendar

* Top 3% in North America based on gross commission income, Prudential Real Estate Affiliates