{"id":185,"date":"2012-04-03T19:19:29","date_gmt":"2012-04-03T19:19:29","guid":{"rendered":"http:\/\/renerealestate.com\/blog\/?p=185"},"modified":"2012-04-03T19:20:29","modified_gmt":"2012-04-03T19:20:29","slug":"vancouver-real-estate-statistics-for-march-2012","status":"publish","type":"post","link":"https:\/\/renerealestate.com\/blog\/vancouver-real-estate-statistics-for-march-2012\/","title":{"rendered":"Vancouver Real Estate Statistics for March 2012"},"content":{"rendered":"<blockquote><p>Here\u00a0are the latest Stats from the Vancouver Real Estate Board (March 2012). Please contact me if you would like to receive the full report by email free of charge.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Increased selection helps maintain balance in Greater Vancouver housing market<\/strong><br \/>\nHome sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what\u2019s typical for the month.<br \/>\nThe Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service\u00ae (MLS\u00ae) in March 2012. This represents a 12.9 per cent increase compared to the 2,545 sales recorded in February 2012, a decline of 29.6 per cent compared to the 4,080 sales in March 2011 and an 8.4 per cent decline compared to the 3,137 home sales in March 2010.<!--more--><br \/>\nMarch sales in Greater Vancouver were the second lowest total for the month in the region since 2002 and were 16.8 per cent below the 10-year sales average for the month.<br \/>\n\u201cHome sellers have been more active than buyers the first few months of the year, but we continue to see a relative balance in the total supply of homes for sale and current demand in the marketplace,\u201d Eugen Klein, REBGV president said.<br \/>\nNew listings for detached, attached and apartment properties in Greater Vancouver totalled 5,843 in March 2012. This represents a 5.2 per cent increase compared to February when 5,552 homes were listed and a 14 per cent decline compared to March 2011 when 6,797 homes were listed for sale on the region\u2019s MLS\u00ae.<br \/>\nLast month\u2019s new listing total was 4.5 per cent above the 10-year average for listings in Greater Vancouver for March.<br \/>\nAt 15,236, the total number of residential property listings on the MLS\u00ae increased 8.4 per cent in March compared to last month and increased 16 per cent from this time last year.<br \/>\n\u201cThe total number of properties for sale in Greater Vancouver has increased each month since December, which means there\u2019s more selection to choose from as we enter what\u2019s traditionally the busiest season of the year in our market,\u201d Klein said.<br \/>\nThe MLS\u00ae HPI benchmark price for all residential properties in Greater Vancouver currently sits at $679,000, up 5.3 per cent compared to March 2011 and an increase of 1.1 per cent compared to February 2012. The benchmark price for all residential properties in the Lower Mainland is $607,700, an increase of 4.8 per cent compared to March 2011.<br \/>\nSales of detached properties on the MLS\u00ae in March 2012 reached 1,183, a decline of 34.1 per cent from the 1,795 detached sales recorded in March 2011, and an 11.5 per cent decrease from the 1,336 units sold in March 2010. The benchmark price for detached properties increased 9.2 per cent from March 2011 to $1,056,400.<br \/>\nSales of apartment properties reached 1,191 in March 2012, a decline of 26.6 per cent compared to the 1,622 sales in March 2011, and a decrease of 4.9 per cent compared to the 1,252 sales in March 2010.The benchmark price of an apartment property increased 2.2 per cent from March 2011 to $375,100.<br \/>\nTownhome property sales in March 2012 totalled 500, a decline of 24.6 per cent compared to the 663 sales in March 2011, and an 8.9 per cent decrease from the 549 townhome properties sold in March 2010. The benchmark price of a townhome unit increased 0.9 per cent between March 2011 and 2012 to $480,900.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Here\u00a0are the latest Stats from the Vancouver Real Estate Board (March 2012). Please contact me if you would like to receive the full report by email free of charge. &nbsp; Increased selection helps maintain balance in Greater Vancouver housing market Home sales in March trended below the 10-year average in Greater Vancouver while home listing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[7,12],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pa0qGx-2Z","_links":{"self":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/185"}],"collection":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=185"}],"version-history":[{"count":4,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/185\/revisions"}],"predecessor-version":[{"id":191,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/185\/revisions\/191"}],"wp:attachment":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}