Metro house prices rise slightly, but are still well below the peaks seen in 2008
(Source: Vancouver Sun)
The Greater Vancouver housing market “has entered a more moderate and balanced state,” with sales and benchmark prices both up in April compared to March, says the Real Estate Board of Greater Vancouver.
The figures released Monday showed residential property sales in the region covered by the board totalled 2,963 in April, a 31-per-cent increase over March.
As well, the average benchmark price in the same area was $499,021 in April — up 2.7 per cent from the benchmark price of $485,845 in March.
The board says that’s the first significant month-over-month increase in the benchmark price so far this year. And the April increase in sales is notable because historically, March sales are greater than April’s.
Read Brian Morton’s full article “Greater Vancouver home sales climb” in the Vancouver Sun (May 11, 2009).