December 2014 Greater Vancouver Stats
It was a typical (and balanced) year for the Metro Vancouver housing market in certain respects. The region's home sale and listing totals for 2014 both rank fifth when compared against the past 10 years of activity, while home prices increased.
"While home buyer and seller activity created balanced market conditions within the region, we also experienced some upward pressure on home prices over the course of the year,” Ray Harris, REBGV president said.
The MLS® Home Price Index benchmark price for all residential properties in Metro Vancouver ends the year at $638,500. This represents a 5.8 per cent increase compared to December 2013.
"Detached homes continue to be the most sought after property type in our market,” Harris said. “Detached homes in Metro Vancouver have increased 8.1 per cent in value
over the last 12 months while townhome and condominium properties have increased 4.5 and 3.5 per cent over the same period.” ...
For the complete December 2014 Stats click here : REBGVStats_2014_12.pdf
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