"Overall conditions have trended in favour of buyers in our marketplace in recent months," said Eugen Klein, the board's president, in a news release. "This means buyers are facing less competition and have more selection to choose from compared to earlier in the year."
New listings for detached, attached and apartment properties totalled 5,617 in June, down three per cent from the year before. That brought the market's total inventory to 18,493 units, which is up 22 per cent from the same point in 2011.
Vancouver West and Richmond, for example, saw benchmark prices — the cost of a typical home — for all forms of housing stay relatively flat from January to June, with Vancouver West recording a 2.5-per-cent increase to $823,000 and Richmond's benchmark price dropping 0.6 per cent to $590,000.
Other communities that saw overall price hikes from January to June included Port Moody (5.2 per cent to $513,000), East Vancouver (4.7 per cent to $622,000) and Tsawwassen (4.4 per cent to $616,000).
with a file from Tiffany Crawford
Read more: http://www.vancouversun.com/business/commercial-real-estate/Vancouver+sales+year+real+estate+board+declares+buyer+market/6882325/story.html#ixzz23RtkJLGX