BC Home Sales Continue on Upward Trend
Vancouver, BC – July 16, 2013.The British Columbia Real Estate Association (BCREA) reports
that a total of 7,196 residential sales were recorded by the Multiple Listing Service® (MLS®) in
BC in the month of June, up 5.6 per cent from June of 2012. Total sales dollar volume was 11.9
per cent higher at $3.84 billion. The average MLS® residential price in the province was
$533,219, up 6 per cent from a year ago.
"BC home sales rose 6.7 per cent from May, on a
seasonally adjusted basis, with June being the
fourth consecutive month of increasing sales
activity," said Cameron Muir, BCREA Chief
Economist. "Since February, home sales across the
province have climbed by 23 per cent, on a
seasonally adjusted basis," added Muir.
On a quarterly basis, MLS® residential sales
climbed 15 per cent in the second quarter, while
the inventory of homes for sale has moved down 5 per cent over the last two quarters, creating
improved market conditions in many regions of the province.
Year-to-date, BC residential sales dollar volume was down 8.2 per cent to $18.8 billion,
compared to the same period last year. Residential unit sales were down 7.8 per cent to 35,336
units, while the average MLS® residential price was down 0.4 per cent at $531,401.
-30- For more information, please contact:
Director of Communications and Public Affairs
BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).
To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.
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