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Metro Vancouver housing market characterized by modest home sales and price increases in 2013

Blog by Ryan Windsor | January 3rd, 2014

 "Home sales quietly improved last year compared to 2012, although the volume of activity didn't compare to some of the record-breaking years we experienced over the last decade," Sandra Wyant, REBGV president said.

Highlights from the December Stats Package include:

  • 1,953 total residential sales reprted on the MLS® in December 2013

  • this represents an increase of 71% compared to the 1,142 sales recorded in December 2012

  •  1,856 total new listings added to the MLS® in December 2013

Benchmark prices for South Burnaby properties for December 2013:

  •  Single Family Detached - $956,200

  • Townhouse - $408,000

  • Condo - $381,600

Courtesy of SouthBurnabyRealEstate.com