Real-estate sales volumes rise in June, but still below 10-year average
There was a big jump in housing sales across the Lower Mainland and Fraser Valley in June compared to the same month of 2013.
The Real Estate Board of Greater Vancouver has reported a 28.9 percent increase in residential transactions through the multiple-listing service.
The Fraser Valley Real Estate board reported a 26 percent rise in MLS sales in June 2014 over June 2013.
The 1,668 sales in the Fraser Valley last month was still seven percent below the 10-year average for June.
In the Real Estate Board of Greater Vancouver, June sales were just 0.6 percent below the 10-year average for the month.
The benchmark price for all residential properties—including detached, attached, and apartments—was $628,200 last month within the jurisdiction of the Real Estate Board of Greater Vancouver.
That's 4.4 percent above the benchmark in June 2013.
Surrey and Langley are within the Fraser Valley Real Estate Board. Its benchmark price in June was $568,600, up three percent from June 2013.
There were 5,339 new listings in June in the Real Estate Board of Greater Vancouver, up 9.5 percent over June 2013.
There were 2,974 new listings in June in the Fraser Valley Real Estate Board, up 13 percent over the same month of last year.