VANCOUVER REAL ESTATE - APRIL 2013
There were 2,347 sales in March 2013 which is a 18% decrease compared to 2,874 sales in March 2012.
There were 933 detached home sales in March 2013 - down 21% from March last year and 48% down from the 1,795 detached homes sold in March 2011.
There were 982 condo sales in March 2013 - down 17% from March 2012 and down 39.5% from March 2011.
There were 432 attached properties sales in March 2013. 13% lower than March 2012 and 35% lower than March 2011.
Overall listing are up by only 1% while sales are lower by 18%. Prices are going down slightly; however sales are down significantly! If you review the laws of supply and demand this tells you that if sales continue to plummet prices with follow suit.
Lake Okanagan Realty
Vancouver Real Estate - April 2013
Blog by | April 10th, 2013