The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013, and a 4.4 per cent increase compared to the 2,530 sales in February 2014.
The sales-to-active-listings ratio currently sits at 18.2 per cent in Greater Vancouver, which is unchanged from last month, and sits firmly in the middle of a balanced market.
To read the full stats package, with recaps by market, click here: March 2014 REBGV Stats report
If you would like to discuss how our real estate micro-markets on the North Shore are performing and how you can captialize on these trends, please give me a call.