Greater Vancouver Housing Market Update. May 2012

REBGV reports residential property sales in Greater Vancouver reached 2,853 sales
15.5%  decrease compared to May. 2011  (3,377 sales)
21.1% below the 10-year May sales average of 3,369. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April. 

New Listings: 6,927
16.8% increase compared to May. 2011 (5,931)
14,4% increase compared to April. 2012 (6,056)
15.3% above the 10-year average for May.

Total Listings: 17,835
7.9 %  increase compared to April 2012 
21 %  increase compared to May 2011

HPI benchmark price for all residential properties in Greater Vancouver:
$625,100
3.3% increase compared to May 2011
2.4% increase over the last three months

House Sales: 1,180
24.8% decrease from May 2011 (1,570)
6.1% decrease from May 2010 (1,256)
The benchmark price: $967,500
5.1% increase from May 2011

Apartment Sales: 1,156
5.9% decrease from May 2011 (1,228)
14.6% decrease from May 2010 (1,354)
The benchmark price: $379,700
1.7% increase from May 2011

Townhome Sales: 517
10.7% decrease from May 2011 (579)
5.3% decrease from May 2010 (546)
The benchmark price: $470,000
0.9% increase from May 2011