The number of homes sold in Greater Vancouver fell 18.3 per cent in March 2013 compared to the same month last year, according to the Real Estate Board of Greater Vancouver (REBGV).
Last month’s sales were the second lowest March total in the region since 2001 and 30.2 per cent below the 10-year sales average for the month.
“While home sales were below what’s typical for March, we are seeing more balance between the number of sales and listings on the market in the last two months, which is having a stabilizing impact on home prices,” REBGV president Sandra Wyant stated in a release.
REBGV also says the benchmark index price for single-family detached homes, townhouses and condos slipped 3.9 per cent year-over-year to $593,100.
The average price of a Vancouver condo dropped by 2.8 per cent year-over-year in the city’s west side to $464,100. In East Vancouver, there was a 0.9 per cent drop in the average condo price to $304,900.
You can see all the numbers broken down by region and housing type by click here and scrolling down to the chart.