Richard Dettman
Other
VANCOUVER (NEWS1130) – Vancouver-area home sales rose 14 per cent in 2013 in what was “a year of stability” according to an industry group.
Sales reported by the Real Estate Board of Greater Vancouver totalled 28,500.
Board president Sandra Wyant adds “Balanced conditions allowed home prices in the region to remain steady.”
The group’s adjusted “benchmark” price averaged $603,400 which is 2.1 per cent more than a year earlier.
Sales in December soared 71 per cent higher than a year earlier. Listings dropped nearly 43 per cent from the previous month but were more than 34 per cent above the year-ago figure.
The unadjusted average selling price of a single-detached house last month was $1.28 million, up nearly $200,000 or 18 per cent from a year earlier. Condos averaged $427,000, up less than three per cent or $11,000.