The British Columbia Real
Estate Association (BCREA) reports that a total of 6,904 residential sales were
recorded by the Multiple Listing Service® (MLS®) in BC during April, up 1.9 per
cent from March on a seasonally adjusted basis, but down 2.2 per cent compared
to April 2012. Total sales dollar volume declined 3 per cent to $3.65 billion.
The average MLS® residential price in the province was $528,507, down 0.8 per
cent from a year ago.
"BC home sales
trended higher again in April, with seasonally adjusted unit sales now 8 per
cent higher since the beginning of the year," said Cameron Muir, BCREA
Chief Economist. "Market conditions were at or near balanced conditions in
Victoria, Vancouver, the Fraser Valley and the North last month, leading to a
firming up of home prices." The MLS® Home Price Index edged up 0.7 per
cent over the past month in the Lower Mainland, and 1.5 per cent over the past
three months.
Year-to-date, BC
residential sales dollar volume was down 16.6 per cent to $10.8 billion,
compared to the same period last year. Residential unit sales dipped 13.9 per
cent to 20,476 units, while the average MLS® residential price was down 3.1 per
cent at $529,785.
Copyright BCREA - reprinted with permission
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