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Vancouver Real Estate - April 2013

 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.

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Alexandra Axsen

Owner/Managing Broker

Lake Okanagan Realty

Tel: 250.870.2792

Alex@LakeOkanaganRealty.com

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