The Real Estate Board of Greater Vancouver has reported that residential property sales fell 45.2 percent in July 2010 over the same month a year ago.
July 2009 was the hottest sales period on record with 4,114 transactions. Last month, that fell to 2,255, according to the REBGV.
The July 2010 sales figure was 3.7 percent below the figure in July 2008, and 41.8 percent below the number in July 2007.
The benchmark price of detached properties in July 2010 was $793,193, which is 11.5 percent higher than the same month a year ago.
For attached properties, the benchmark price rose 8.6 percent over the previous year to reach $490,995.
The benchmark price for apartments rose 6.2 percent over the same period to $387,879.
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