Sales Up Over February, Down Over 10 Year Trend
Sales across Metro Vancouver were up 30% over February 2013, multiple offers were present in many markets (I wrote 9 offers, 7 of which were in multiples!). Inventory remains low when compared to March of 2013; however, our number of sales are down over March of 2012 (and below the average 10 year trend). Prices are holding strong in most markets, especially anything entry-level such as 1 bedrooms under $450,000, 2 bedrooms under $550,000 and detached homes under 1 million dollars. The luxury market is still having a tough time and prices remain down significantly over this time last year. In saying that, high end product is still selling but it MUST be priced to move (a deal in buyers eyes).
For more information on the latest Vancouver trends or for specific easy to understand stats on your specific neighbourhood (Fro example... Mt Pleasant, Yaletown, Lower Lonsdale, Pt Grey etc.) send me an email and I'll forward the details. Feel free to call me anytime on my direct line at 778-387-6090 if you are considering buying or selling a home or have any market specific questions! I'm a Vancouver Realtor who is always here to help.
Personal Real Estate Corporation
Century 21 In Town Realty
Complete March Real Estate Statistics Package Here:
March 2013 Vancouver Real Estate Stats