The British Columbia Real Estate Association (BCREA)
reports that a record 112,209 residential unit sales were recorded by the
Multiple Listing Service® (MLS®) in 2016, an increase of 9.5 per cent from the
previous year. Total sales dollar volume was a record $77.6 billion, up 18.8
per cent from 2015. The average MLS® residential price in the province climbed
8.6 per cent to $691,144 on an annual basis in 2016.
“Broad-based consumer demand driven by strong economic
conditions, employment growth, consumer confidence, and an expanding population
base pushed home sales to record levels in many BC regions last year,"
said Cameron Muir, BCREA Chief Economist. "However, home sales have fallen
back from their lofty peaks early last year." The seasonally adjusted
annual rate of sales activity was approximately 92,000 units in December.
A total of 4,721 residential unit sales were recorded by
the MLS® in December, down 28.4 per cent from the same month last year. Total
sales dollar volume was $3.1 billion last month, a decline of 33.1 per cent
compared to the same month the previous year. The average MLS® residential
price in the province was $654,699 in December, a 6.6 per cent decline from
December 2015.
Copyright BCREA – reprinted with permission
No comments:
Post a Comment