Greater Vancouver Housing Market Update. Feb. 2012

REBGV reports residential property sales in Greater Vancouver reached 2,545 sales
61.4%  increase  compared to Jan. 2012 (1,577 sales)
17.8%  decrease compared to Feb. 2011  (3,097 sales)
2.9%    increase  compared to Feb. 2010 (2,473 sales)
151 sales below the 10-year average

New Listings: 5,552
The 2nd highest Feb. total in Greater Vancouver since 1996.
12%    increase compared to Jan. 2012
17.9% increase compared to Feb. 2011

Total Listings: 14,055. 
12 %  increase compared to Feb. 2012 
17.9 %  increase compared to Feb. 2011

HPI benchmark price for all residential properties in Greater Vancouver:
$670,900
6% increase compared to Feb.2011
0.9% increase compared to Jan. 2012

House Sales: 1,101
21.5% decrease from Feb.2011 (1,402)
12% increase from Feb.2010 (983)
The benchmark price: $1,042,900
10.5% increase from Feb.2011

Apartment Sales: 1,020
15.4% decrease from Feb.2011 (1,206)
5% decrease from Feb.2010 (1074)
The benchmark price: $373,300
2.8% increase from Feb.2011

Townhome Sales: 424
13% decrease from Feb.2011 (489)
1.9% increase from Feb.2010 (416)
The benchmark price: $472,800
0.7% increase from Feb.2011