As a REALTOR, we need to stay up to date with current market trends and real estate statistics. One of my favorite sites to check is www.BCREA.com which is the BC Real Estate Association’s website. Here are a few details from their most recent market summery.
“The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province declined 14per cent to 7,187 units in April compared to the same month last year. The average MLS®residential price climbed 16 per cent to $598,308 last month compared to April 2010.
“BC home sales edged lower in April as theresult of home purchases that were pulledforward during the first quarter,” said CameronMuir, BCREA Chief Economist. “Theprovince’s housing markets continue to exhibita two steps forward, one step back trajectory intandem with economic and employmentgrowth.”
Year-to-date, BC residential sales dollarvolume increased 14 per cent to $15.4 billion,compared to the same period last year.Residential unit sales edged back one per centto 26,334 units, while the average MLS®residential price rose 15.5 per cent to $586,466 over the same period.”
Courtesy of the BCREA
For more detailed local statistical information, please contact us.
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