Greater Vancouver Housing Market Update. July 2012

REBGV reports residential property sales in Greater Vancouver reached 2,098 sales

18.4 %  decrease compared to July. 2011 (2,571sales)

11.2 %  decrease compared to June. 2012  (2,362 sales)

31.2 % below the 10-year July sales average of 3,051.


New Listings: 4,802

5.8 %  decrease compared to July. 2011 (5,097)

14.5 %  decrease compared to June. 2012 (5,617)



Total Listings: 18,081

18.8 %  increase compared to July. 2011 

2 %   decrease compared to June 2012


HPI benchmark price for all residential properties in Greater Vancouver:

$616,000

0.6 % increase over the last 12 months

0.7 % decrease compared to the last months


House Sales: 787

28.4 % decrease from July 2011 (1,099)

13.3 %  decrease from July .2010 (908)

The benchmark price: $950,200

1.4 % increase from July 2011

1.2 %  decrease compared to June 2012


Apartment Sales: 927

10.9% decrease from July.2011 (1,040)

5.3 % decrease from July 2010 (979)

The benchmark price: $374,300

0% unchanged from July 2011

0.5% decrease compared to June 2012


Townhome Sales: 384

11.1 % decrease from July 2011 (432)

4.3 %  increase from July 2010 (368)

The benchmark price: $468,700

0.5 %  decrease compared to July 2011

0% unchanged from June 2012