Real Estate Board of Greater Vancouver reports rise in sales in May over same month last year
The number of housing transactions increased in the region last month over the same month of 2013, but remain below the 10-year average.
The Real Estate Board of Greater Vancouver's statistics reveal that there were 3,286 sales through the Multiple Listing Service in May.
That's up 14 percent over the 2,882 sales in May 2013.
However, the 10-year average for May is 3,514, which means last month's figures were 6.5 percent below that threshold.
Single-family home sales rose 19.9 percent over May 2013.
Apartment sales were up 13.2 percent over the same month last year.
Attached home sales were up just 2.4 percent.
The board reported that the benchmark price for all homes in Vancouver was $624,000 last month.
For apartments in "Vancouver West", the benchmark price was $493,700, up 5.6 percent over the price in May 2013.
In "Vancouver East", the benchmark price of an apartment was $320,300, up 3.8 percent from a year ago.
Single-family detached homes on the West Side of Vancouver had a benchmark price of $2.3 million, up 7.8 percent from a year ago; on the East Side, the benchmark price was $904,800, up eight percent from May 2013.