{"id":274,"date":"2014-01-13T20:47:56","date_gmt":"2014-01-13T20:47:56","guid":{"rendered":"http:\/\/renerealestate.com\/blog\/?p=274"},"modified":"2014-01-13T20:50:04","modified_gmt":"2014-01-13T20:50:04","slug":"modest-price-increase-in-vancouver-2014-prices-predicted-to-increase","status":"publish","type":"post","link":"http:\/\/renerealestate.com\/blog\/modest-price-increase-in-vancouver-2014-prices-predicted-to-increase\/","title":{"rendered":"2014 prices predicted to increase by many experts."},"content":{"rendered":"
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The Vancouver market certainly stayed fairly steady in 2013. Prices statistically have been increasing which shows a positive trend for Sellers in 2014. Here is the December 2013 report<\/strong>.<\/p>\n

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Metro Vancouver housing market characterized by modest home sale and price increases in 2013
\nThe Greater Vancouver housing market maintained a consistent balance between demand and supply throughout 2013.
\nThe Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2013 reached 28,524, a 14 per cent increase from the 25,032 sales recorded in 2012, and an 11.9 per cent decrease from the 32,390 residential sales in 2011.
\n\u201cHome sales quietly improved last year compared to 2012, although the volume of activity didn\u2019t compare to some of the record-breaking years we experienced over the last decade,\u201d Sandra Wyant, REBGV president said.
\nLast year\u2019s home sale total ranks as the third lowest annual total for the region in the last ten years, according to the region\u2019s Multiple Listing Service\u00ae (MLS\u00ae).
\nThe number of residential properties listed for sale on the MLS\u00ae in Metro Vancouver declined 6.2 per cent in 2013 to 54,742 compared to the 58,379 properties listed in 2012. Looking back further, last year\u2019s total represents an 8.1 per cent decline compared to the 59,539 residential properties listed for sale in 2011. Last year\u2019s listing count is on par with the 10 year average.
\n\u201cIt was a year of stability for the Greater Vancouver housing market,\u201d Wyant, said. \u201cBalanced conditions allowed home prices in the region to remain steady, with just a modest increase over the last 12 months.\u201d
\nThe MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $603,400. This represents a 2.1 per cent increase compared to December 2012.
\nDecember summary
\nResidential property sales in Greater Vancouver totalled 1,953 in December 2013, an increase of 71 per cent from the 1,142 sales recorded in December 2012 and a 15.9 per cent decline compared to November 2013 when 2,321 home sales occurred.
\nDecember sales were 8.1 per cent above the 10-year December sales average of 1,807.
\nNew listings for detached, attached and apartment properties in Greater Vancouver totalled 1,856 in December 2013. This represents a 34.5 per cent increase compared to the 1,380 units listed in December 2012 and a 42.8 per cent decline compared to November 2013 when 3,245 properties were listed.
\nSales of detached properties in December 2013 reached 762, an increase of 79.3 per cent from the 425 detached sales recorded in December 2012, and a 21 per cent increase from the 630 units sold in December 2011. The benchmark price for detached properties increased 2.5 per cent from December 2012 to $927,000.
\nSales of apartment properties reached 850 in December 2013, an increase of 68.7 per cent compared to the 504 sales in December 2012, and an increase of 9.8 per cent compared to the 774 sales in December 2011.The benchmark price of an apartment property increased 1.8 per cent from December 2012 to $367,800.
\nAttached property sales in December 2013 totalled 341, an increase of 60.1 per cent compared to the 213 sales in December 2012, and a 34.3 per cent increase from the 254 attached properties sold in December 2011. The benchmark price of an attached unit increased 1.2 per cent between December 2012 and 2013 to $456,100.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The Vancouver market certainly stayed fairly steady in 2013. Prices statistically have been increasing which shows a positive trend for Sellers in 2014. Here is the December 2013 report. Metro Vancouver housing market characterized by modest home sale and price increases in 2013 The Greater Vancouver housing market maintained a consistent balance between demand and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[7],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pa0qGx-4q","_links":{"self":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/274"}],"collection":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":5,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":279,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions\/279"}],"wp:attachment":[{"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}