Sale and listing activity continues to follow historical averages

“While sales are up considerably from last year, it’s important to note that September 2012 sales were among the lowest we’ve seen in nearly three decades,” Sandra Wyant, REBGV said. “Home sale and listing activity this September were in line with the 10-year average for the month.”

Highlights from the September Stats package include:

•  2,483 total residential sales reported on the MLS® in September 2013
  
  
• this is a 63.8% increase compared to September 2012 which saw 1,516 total sales
  
  
• 5,030 total new listings added to the MLS® in September 2013

“It’s important to remember that stronger sales activity does not necessarily equate to rising home prices. In fact, home prices have not fluctuated much in our market this year,” Wyant said

Benchmark prices for South Burnaby properties for September 2013:

• Single Family Detached $970,300 - up 5% over the last 6 months
  
  
• Townhouse $412,200 - up 0.1% over the last 6 months
  
  
• Condo $380,100 - up 1.9% over the last 6 months

Courtesy of SouthBurnabyRealEstate.com