{"id":198,"date":"2012-05-09T21:43:54","date_gmt":"2012-05-09T21:43:54","guid":{"rendered":"http:\/\/renerealestate.com\/blog\/?p=198"},"modified":"2012-05-09T21:43:54","modified_gmt":"2012-05-09T21:43:54","slug":"april-2012-real-estate-statistics","status":"publish","type":"post","link":"https:\/\/renerealestate.com\/blog\/april-2012-real-estate-statistics\/","title":{"rendered":"April 2012 Real Estate Statistics"},"content":{"rendered":"<blockquote>\n<p style=\"text-align: left;\"><strong>Greater Vancouver housing market maintains a steady spring pace.<\/strong><\/p>\n<p style=\"text-align: left;\">\nHome sale and listing activity has maintained a consistent pace on the Multiple Listing Service\u00ae (MLS\u00ae) in Greater Vancouver in recent months, which has helped create balanced conditions for the region\u2019s housing market.<br \/>\nThe Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service\u00ae (MLS\u00ae) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012.<!--more--><br \/>\nApril sales were the lowest total for the month in the region since 2001 and 16.9 per cent below the 10-year April sales average of 3,369.<br \/>\n\u201cAlthough April sales were below what\u2019s typical for the month, we continue to see, with a sales-to-active listing ratio of nearly 17 per cent, a balanced relationship between buyer demand and seller supply in our marketplace,\u201d Eugen Klein, REBGV president said.<br \/>\nNew listings for detached, attached and apartment properties in Greater Vancouver totalled 6,056 in April 2012. This represents a 3.6 per cent increase compared to both March 2012 when 5,843 homes were listed and April 2011 when 5,847 homes were listed for sale on the region\u2019s MLS\u00ae.<br \/>\nLast month\u2019s new listing total was 6.7 per cent above the 10-year average for listings in Greater Vancouver for April.<br \/>\nAt 16,538, the total number of homes listed for sale on the region\u2019s MLS\u00ae increased 8.5 per cent in April compared to last month and increased 16 per cent from this time last year.<br \/>\n\u201cRecent activity has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type,\u201d Klein said \u201cTo best understand conditions within your area of interest, it\u2019s important to do your homework and consult a local REALTOR\u00ae.\u201d<br \/>\nThe MLS\u00ae HPI benchmark price for all residential properties in Greater Vancouver currently sits at $683,800, up 3.7 per cent compared to April 2011 and an increase of 2.8 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland is $612,000, which is a 3.4 per cent increase compared to April 2011 and a 2.6 per cent increase compared to three months ago.<br \/>\nSales of detached properties on the MLS\u00ae in April 2012 reached 1,126, a decline of 19.7 per cent from the 1,402 detached sales recorded in April 2011, and a 17.8 per cent decrease from the 1,370 units sold in April 2010. The benchmark price for detached properties increased 6.3 per cent from April 2011 to $1,064,800.<br \/>\nSales of apartment properties reached 1,190 in April 2012, a decline of 0.9 per cent compared to the 1,201 sales in April 2011, and a decrease of 22 per cent compared to the 1,526 sales in April 2010.The benchmark price of an apartment property increased 1.1 per cent from April 2011 to $375,900.<br \/>\nTownhome property sales in April 2012 totalled 483, a decline of 22.3 per cent compared to the 622 sales in April 2011, and a 21.6 per cent decrease from the 616 townhome properties sold in April 2010. The benchmark price of a townhome unit increased 1.7 per cent between April 2011 and 2012 to $487,300.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Greater Vancouver housing market maintains a steady spring pace. Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service\u00ae (MLS\u00ae) in Greater Vancouver in recent months, which has helped create balanced conditions for the region\u2019s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales [&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":[3,7,12],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pa0qGx-3c","_links":{"self":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/198"}],"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=198"}],"version-history":[{"count":3,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/198\/revisions"}],"predecessor-version":[{"id":202,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/posts\/198\/revisions\/202"}],"wp:attachment":[{"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renerealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}