Greater Vancouver Housing Market Update. Mar. 2012

REBGV reports residential property sales in Greater Vancouver reached 2,874 sales
12.9%  increase  compared to Jan. 2012 (2,545  sales)
29.6%  decrease compared to Feb. 2011  (4,080 sales)
8.4%    decrease compared to Feb. 2010 (3,137 sales)

New Listings: 5,843 homes   
4.5% above the 10-year average for listings in Greater Vancouver for March
5.2% increase compared to Feb.2012 (5,552 homes)
14% decline compared to March 2011 (6,797 homes)

Total Listings: 15,236.
8.4 %  increase compared to Feb. 2012 
16 %  increase compared to March 2011

HPI benchmark price for all residential properties in Greater Vancouver:
$679,000
5.3% increase compared to March 2011
1.1% increase compared to Feb. 2012

House Sales: 1,183
34.1% decrease from March 2011 (1,795)
11.5% decrease from March 2010 (1,336)
The benchmark price: $1,056,400
9.2% increase from March 2011

Apartment Sales: 1,191
26.6% decrease from March 2011 (1,622)
4.9% decrease from March 2010 (1,252)
The benchmark price: $375,100
2.2% increase from March 2011

Townhome Sales: 500
24.6% decrease from March 2011 (663)
8.9% decrease from March 2010 (549)
The benchmark price: $480,900
0.9% increase from March 2011