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Home Sales: Your Realtors for local Real Estate Market Information


Blog by Rod & Rhea Hayes | March 14th, 2014


February Home Sales
Vancouver, BC – March 14, 2014. 
The British Columbia Real Estate Association (BCREA) reports
that a total of 5,578 residential sales were recorded by the Multiple Listing Service® (MLS®) in February, up 24.9 per cent from February 2013. Total sales dollar volume was $3.4 billion, an increase of 43.1 per cent compared to a year ago. The average  MLS® residential price in the province rose to $611,688, up 15.4 per cent from the same period last year. 
“Consumer demand was much stronger in February compared to a year ago, but edged lower compared to January,” said Cameron Muir, BCREA Chief Economist. “Weak employment growth in 2013 has limited home sales so far this year to long-term average levels.”
“Record low mortgage interest rates and population growth continue to underpin the housing
market and most regions of the province are at or near balanced market conditions,” added
Muir.
Year-to-date, BC residential sales dollar volume was up 40.4 per cent to $5.8 billion, compared to the same period last year. Residential unit sales were up 24.2 per cent to 9,822 units, while the average MLS® residential price was up 13.1 per cent at $591,530.
BCREA News Release
February Home Sales

Vancouver, BC – March 14, 2014. The British Columbia Real Estate Association (BCREA) reportsthat a total of 5,578 residential sales were recorded by the Multiple Listing Service® (MLS®) in February, up 24.9 per cent from February 2013. Total sales dollar volume was $3.4 billion, an increase of 43.1 per cent compared to a year ago. The average  MLS® residential price in the province rose to $611,688, up 15.4 per cent from the same period last year. 

“Consumer demand was much stronger in February compared to a year ago, but edged lower compared to January,” said Cameron Muir, BCREA Chief Economist. “Weak employment growth in 2013 has limited home sales so far this year to long-term average levels.”

“Record low mortgage interest rates and population growth continue to underpin the housingmarket and most regions of the province are at or near balanced market conditions,” addedMuir.

Year-to-date, BC residential sales dollar volume was up 40.4 per cent to $5.8 billion, compared to the same period last year. Residential unit sales were up 24.2 per cent to 9,822 units, while the average MLS® residential price was up 13.1 per cent at $591,530.

BCREA News Release