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President Rick Valouche
Past President Moss Moloney |
| Vice President Jim McCaughan Chief Executive Officer Robert Laing
|
| [email protected] www.bcrea.bc.ca
| |
604.683.7702 604.683.8601
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 (tel)
(fax)
For immediate release
BC Home Sales Steady in June
Vancouver, BC – July 14, 2011. The British Columbia Real Estate Association (BCREA)
reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per
cent to 7,904 units in June compared to the same month last year. The average MLS® residential
price climbed 14.4 per cent to $571,837 last month compared to June 2010.
“Home sales were relatively unchanged
in June compared to last year,” said
Cameron Muir, BCREA Chief
Economist. “However, low mortgage
interest rates and an overdue pick-up in
BC employment growth are expected to
provide some incentive to consumers
over the summer months.”
Year-to-date, BC residential sales
dollar volume increased 15.5 per cent
to $24.7 billion, compared to the same
period last year. Residential unit sales
are essentially unchanged compared to
the halfway point of 2010 at 42,095 units, while the average MLS® residential price rose 16.1
per cent to $585,661 over the same period.
-30-
For more information, please contact:
Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: [email protected]
Damian Stathonikos
Director, Communications and Public Affairs
Direct: 604.742.2793
Mobile: 778.990.1320
Email: [email protected]
For detailed statistical information, contact your local real estate board.
BC Home Sales Steady in June . . . Page 2
President Rick Valouche
Past President Moss Moloney |
| Vice President Jim McCaughan Chief Executive Officer Robert Laing
|
| [email protected] www.bcrea.bc.ca
| |
604.683.7702 604.683.8601
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 (tel)
(fax)
June 2011 Residential Average Price, Active Listings and
Sales-to-Active-Listings Data by Board
Board
Average Price Active Listings Sales-to-Active-Listings
June 2011
Residential
Average Price
($)
June 2010
Residential
Average Price
($)
% change
June 2011
Residential
Active
Listings
(Units)
June 2010
Residential
Active
Listings
(Units)
%
change
June 2011
Residential
Sales to Active
Listings
(%)
June 2010
Residential
Sales to Active
Listings
(%)
BC Northern 227,543 212,631 7.0 3,275 3,277 -0.1 12.8 12.4
Chilliwack 324,389 313,543 3.5 1,828 1,684 8.6 12.6 13.3
Fraser Valley 503,331 469,792 7.1 8,169 9,329 -12.4 18.5 18.0
Greater Vancouver 808,867 657,934 22.9 16,194 18,752 -13.6 20.5 16.2
Kamloops 316,554 314,425 0.7 2,301 2,323 -0.9 9.0 8.9
Kootenay 270,710 317,427 -14.7 3,441 3,372 2.0 6.7 6.4
Okanagan Mainline 381,171 421,699 -9.6 6,928 7,378 -6.1 7.2 6.4
Powell River 249,346 227,826 9.4 265 279 -5.0 14.3 7.9
South Okanagan 311,884 337,179 -7.5 2,275 2,141 6.3 6.4 6.6
Northern Lights 246,469 227,041 8.6 356 378 -5.8 12.1 14.8
Vancouver Island 330,537 320,020 3.3 6,676 6,491 2.9 10.1 10.3
Victoria 507,385 511,498 -0.8 4,108 3,828 7.3 14.5 15.2
Provincial Totals* 571,837 499,908 14.4 55,816 59,232 -5.8 14.2 13.0
*Numbers may not add due to rounding
June 2011 BC Residential Multiple Listing Service® Data by Board
Board
Dollar Volume (000s) Units
June 2011
Residential Sales
($)
June 2010
Residential Sales
($)
% change
June 2011
Residential Sales
(Units)
June 2010
Residential Sales
(Units)
% change
BC Northern 95,113 86,116 10.4 418 405 3.2
Chilliwack 74,609 70,234 6.2 230 224 2.7
Fraser Valley 759,024 789,720 -3.9 1,508 1,681 -10.3
Greater Vancouver 2,683,013 2,004,067 33.9 3,317 3,046 8.9
Kamloops 65,210 65,086 0.2 206 207 -0.5
Kootenay 62,805 68,564 -8.4 232 216 7.4
Okanagan Mainline 190,204 198,620 -4.2 499 471 5.9
Powell River 9,475 5,012 89.0 38 22 72.7
South Okanagan 45,223 47,542 -4.9 145 141 2.8
Northern Lights 10,598 12,714 -16.6 43 56 -23.2
Vancouver Island 222,121 214,414 3.6 672 670 0.3
Victoria 302,401 298,203 1.4 596 583 2.2
Provincial Totals* 4,519,796 3,860,293 17.1 7,904 7,722 2.4
* Numbers may not add due to rounding
**NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real
Estate Board (SOREB) on January 1, 2011.
BC Home Sales Steady in June . . . Page 3
President Rick Valouche
Past President Moss Moloney |
| Vice President Jim McCaughan Chief Executive Officer Robert Laing
|
| [email protected] www.bcrea.bc.ca
| |
604.683.7702 604.683.8601
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 (tel)
(fax)
June 2011 Year-to-Date BC Residential Multiple Listing Service® Data by Board
Board
Dollar Volume (000s) Unit Sales Average Price
2011
($) 2010 ($)
%
change
2011 2010 %
change
2011
($) 2010
($)
%
change
BC Northern 409,952 420,112 -2.4 1,865 1,922 -3.0 219,814 218,580 0.6
Chilliwack 323,532 381,655 -15.2 1,088 1,212 -10.2 297,364 314,897 -5.6
Fraser Valley 4,143,824 3,739,671 10.8 8,138 8,243 -1.3 509,194 453,678 12.2
Greater Vancouver 15,355,107 11,660,444 31.7 19,150 17,489 9.5 801,833 666,730 20.3
Kamloops 320,991 348,428 -7.9 1,035 1,138 -9.1 310,136 306,176 1.3
Kootenay 236,067 302,263 -21.9 907 1,078 -15.9 260,273 280,393 -7.2
Okanagan Mainline 934,443 1,074,087 -13.0 2,467 2,731 -9.7 378,777 393,294 -3.7
Powell River 35,435 33,341 6.3 163 137 19.0 217,393 243,364 -10.7
South Okanagan 196,514 258,520 -24.0 638 785 -18.7 308,016 329,324 -6.5
Northern Lights 45,098 45,482 -0.8 213 224 -4.9 211,726 203,044 4.3
Vancouver Island 1,101,523 1,215,287 -9.4 3,352 3,715 -9.8 328,617 327,130 0.5
Victoria 1,550,926 1,873,465 -17.2 3,079 3,669 -16.1 503,711 510,620 -1.4
Provincial Totals* 24,653,412 21,352,754 15.5 42,095 42,343 -0.6 585,661 504,281 16.1
* Numbers may not add due to rounding
BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS®
on all provincial issues, providing an extensive communications network, standard forms,
economic research and analysis, government relations, applied practice courses and continuing
professional education (cpe).
To demonstrate the profession’s commitment to improving Quality of Life in BC communities,
BCREA supports policies that encourage economic vitality, provide housing opportunities,
respect the environment and build communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative
marketing system used only by Canada’s real estate boards to ensure maximum exposure of
properties listed for sale.
