Blog by Artur Gryz

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March 2014 Greater Vancouver Stats



stability


March 2014 proved to be a more consistent month where we saw balance between supply and demand in the Greater Vancouver housing market. This provided an increased stability and improved buyer confidence when compared to March a year ago.

In March 2014 the Real Estate Board of Greater Vancouver reports that there were just over 2600 sales on the MLS. This equates a 12.5% increase compared to March last year and a 4.4% increase compared to February 2014. Although this increase in activity, this is still 17.2% below the 10yr sales average for the month of March, but it appears that the market is on the up and up.

Benchmark home prices over the past year have gone up slightly to $615k, this represents a 3.7% growth. All in all, the past few months have been quite optimistic when it comes to Greater Vancouver Real Estate.

For more info check out this link: http://www.rebgv.org/news-statistics/home-sale-and-listing-activity-continue-chart-steady-path-region%E2%80%99s-housing-market

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