(Source: The Vancouver Sun

Residential property sales in the Real Estate Board of Greater Vancouver’s region totalled 2,963 in April, a 31-per-cent increase over March, according to figures released Monday.

As well, the average benchmark price in Greater Vancouver was $499,021 in April — up 2.7 per cent from the benchmark price of $485,845 in March.

The board said that was the first significant month-over-month increase in benchmark price so far this year.

The board added that the April increase in sales was notable because historically March sales are greater than April.

The board also said in a news release Monday: “The Greater Vancouver housing market has entered a more moderate and balanced state.

Read Brian Morton’s full article “Metro Vancouver residential sales, prices increase in April from March” in the Vancouver Sun (May 4, 2009).

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