April 2014 Greater Vancouver Stats
April 2014 Sales reached 3,050 on MLS in Greater Vancouver. This represents a 16.1% increase compared to April 2013. Last month's sales were 5.2% below the 10-year sales average for April of 3,217.
The sales-to-active-listings ratio currently sits at 19.7%, which is the highest this has been since June 2011. 15 - 20% is considered a balanced market, while a market that sits above 20% for several months in a row is considered a sellers market.
The benchmark price of a home in Greater Vancouver increased 4.7% from April 2013. Some areas performed better than others with East Vancouver house prices increasing 8.8% in the same period...
For the complete April sales stats click here : REBGVStats_2014_4.pdf
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