Greater Vancouver Housing Market Update. June 2012

The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable.
REBGV reports residential property sales in Greater Vancouver reached 2,362 sales
27.6% decrease compared to June 2011  (3,262 sales)
17.2% decrease compared to May 2012  (2,853 sales)
32.2% below the 10-year June sales average of 3,484.

New Listings: 5,617
3% decrease compared to June 2011 (5,793)
18.9% decrease compared to May 2012 (6,927)

Total Listings: 18,493
3.7%  increase compared to May 2012 
22 %  increase compared to June 2011

HPI benchmark price for all residential properties in Greater Vancouver:
$620,600
1.7% increase over the last 12 months
0.7% decrease compared to May 2012 

House Sales: 921
37.4% decrease from June 2011 (1,471)
19.1% decrease from June 2010 (1,139)
The benchmark price: $961,600
3.3% increase from June 2011

Apartment Sales: 1,026
19% decrease from June2011 (1,266)
18.4% decrease from June 2010 (1,258)
The benchmark price: $376,200
0.3% increase from May 2011

Townhome Sales: 415
21% decrease from June 2011 (525)
27.8% decrease from June 2010 (575)
The benchmark price: $468,400
0.1% decrease from June 2011