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Bc home sales steady in june 2011
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Bc home sales steady in june 2011

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    Bc home sales steady in june 2011 Bc home sales steady in june 2011 Document Transcript

    • For immediate release BC Home Sales Steady in June Vancouver, BC – July 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per cent to 7,904 units in June compared to the same month last year. The average MLS® residential price climbed 14.4 per cent to $571,837 last month compared to June 2010. “Home sales were relatively unchanged in June compared to last year,” said Cameron Muir, BCREA Chief Economist. “However, low mortgage interest rates and an overdue pick-up in BC employment growth are expected to provide some incentive to consumers over the summer months.” Year-to-date, BC residential sales dollar volume increased 15.5 per cent to $24.7 billion, compared to the same period last year. Residential unit sales are essentially unchanged compared to the halfway point of 2010 at 42,095 units, while the average MLS® residential price rose 16.1 per cent to $585,661 over the same period. -30- For more information, please contact: Cameron Muir Damian Stathonikos Chief Economist Director, Communications and Public Affairs Direct: 604.742.2780 Direct: 604.742.2793 Mobile: 778.229.1884 Mobile: 778.990.1320 Email: cmuir@bcrea.bc.ca Email: dstathonikos@bcrea.bc.ca For detailed statistical information, contact your local real estate board.1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel)Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)
    • BC Home Sales Steady in June . . . Page 2 June 2011 Residential Average Price, Active Listings and Sales-to-Active-Listings Data by Board Average Price Active Listings Sales-to-Active-Listings June 2011 June 2010 June 2011 June 2010 June 2011 June 2010 Residential Residential Residential Residential Board Residential Residential % change % Active Active Sales to Active Sales to Active Average Price Average Price change Listings Listings Listings Listings ($) ($) (Units) (Units) (%) (%)BC Northern 227,543 212,631 7.0 3,275 3,277 -0.1 12.8 12.4Chilliwack 324,389 313,543 3.5 1,828 1,684 8.6 12.6 13.3Fraser Valley 503,331 469,792 7.1 8,169 9,329 -12.4 18.5 18.0Greater Vancouver 808,867 657,934 22.9 16,194 18,752 -13.6 20.5 16.2Kamloops 316,554 314,425 0.7 2,301 2,323 -0.9 9.0 8.9Kootenay 270,710 317,427 -14.7 3,441 3,372 2.0 6.7 6.4Okanagan Mainline 381,171 421,699 -9.6 6,928 7,378 -6.1 7.2 6.4Powell River 249,346 227,826 9.4 265 279 -5.0 14.3 7.9South Okanagan 311,884 337,179 -7.5 2,275 2,141 6.3 6.4 6.6 Northern Lights 246,469 227,041 8.6 356 378 -5.8 12.1 14.8Vancouver Island 330,537 320,020 3.3 6,676 6,491 2.9 10.1 10.3Victoria 507,385 511,498 -0.8 4,108 3,828 7.3 14.5 15.2Provincial Totals* 571,837 499,908 14.4 55,816 59,232 -5.8 14.2 13.0 *Numbers may not add due to rounding June 2011 BC Residential Multiple Listing Service® Data by Board Dollar Volume (000s) Units June 2011 June 2010 June 2011 June 2010 Board Residential Sales Residential Sales % change Residential Sales Residential Sales % change ($) ($) (Units) (Units) BC Northern 95,113 86,116 10.4 418 405 3.2 Chilliwack 74,609 70,234 6.2 230 224 2.7 Fraser Valley 759,024 789,720 -3.9 1,508 1,681 -10.3 Greater Vancouver 2,683,013 2,004,067 33.9 3,317 3,046 8.9 Kamloops 65,210 65,086 0.2 206 207 -0.5 Kootenay 62,805 68,564 -8.4 232 216 7.4 Okanagan Mainline 190,204 198,620 -4.2 499 471 5.9 Powell River 9,475 5,012 89.0 38 22 72.7 South Okanagan 45,223 47,542 -4.9 145 141 2.8 Northern Lights 10,598 12,714 -16.6 43 56 -23.2 Vancouver Island 222,121 214,414 3.6 672 670 0.3 Victoria 302,401 298,203 1.4 596 583 2.2 Provincial Totals* 4,519,796 3,860,293 17.1 7,904 7,722 2.4 * Numbers may not add due to rounding **NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real Estate Board (SOREB) on January 1, 2011. 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)
    • BC Home Sales Steady in June . . . Page 3 June 2011 Year-to-Date BC Residential Multiple Listing Service® Data by Board Dollar Volume (000s) Unit Sales Average Price Board % % % 2011 2010 2011 2010 change 2011 2010 change change ($) ($) ($) ($)BC Northern 409,952 420,112 -2.4 1,865 1,922 -3.0 219,814 218,580 0.6Chilliwack 323,532 381,655 -15.2 1,088 1,212 -10.2 297,364 314,897 -5.6Fraser Valley 4,143,824 3,739,671 10.8 8,138 8,243 -1.3 509,194 453,678 12.2Greater Vancouver 15,355,107 11,660,444 31.7 19,150 17,489 9.5 801,833 666,730 20.3Kamloops 320,991 348,428 -7.9 1,035 1,138 -9.1 310,136 306,176 1.3Kootenay 236,067 302,263 -21.9 907 1,078 -15.9 260,273 280,393 -7.2Okanagan Mainline 934,443 1,074,087 -13.0 2,467 2,731 -9.7 378,777 393,294 -3.7Powell River 35,435 33,341 6.3 163 137 19.0 217,393 243,364 -10.7South Okanagan 196,514 258,520 -24.0 638 785 -18.7 308,016 329,324 -6.5 Northern Lights 45,098 45,482 -0.8 213 224 -4.9 211,726 203,044 4.3Vancouver Island 1,101,523 1,215,287 -9.4 3,352 3,715 -9.8 328,617 327,130 0.5Victoria 1,550,926 1,873,465 -17.2 3,079 3,669 -16.1 503,711 510,620 -1.4Provincial Totals* 24,653,412 21,352,754 15.5 42,095 42,343 -0.6 585,661 504,281 16.1 * Numbers may not add due to rounding BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe). To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods. For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale. 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)