Last month was the highest selling April on record for Metro Vancouver.*
Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4% from the 4,179 sales recorded in April 2015 (-7.6%) compared to March 2016 when 5,173 homes sold. April sales were 41.7% above the 10-year sales average for the month.
“Home buyer competition remains intense across the region,” Dan Morrison, REBGV president said. “Whether you’re a home buyer or seller, it’s important to work with your local REALTOR® to get the information you need and to develop a strategy that will help you navigate today’s market.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,127 in April 2016. This represents an increase of 3.9% compared to the 5,897 units listed in April 2015 and a 2.4% decline compared to March 2016 when 6,278 properties were listed.
"While we’re seeing more homes listed for sale in recent months, supply is still chasing this unprecedented surge of demand in our marketplace," Morrison said.