Home sales in the Vancouver area for January were up 30 percent compared to the same month a year ago. An article from World Property Channel provides more details on this highly favorable development:
“A total of 1,760 homes were sold in January, increasing 30 percent from the 1,351 homes sold in January 2013. Sales in January were 7.2 percent higher than the 10-year average for the month, according to The Real Estate Board of Greater Vancouver.
“The Greater Vancouver housing market has been in a balanced market for nearly a year,” Sandra Wyant, REBGV president said in the report. “This has meant steady home sale and listing activity accompanied by stable home prices.”
Although home sales increased on a yearly basis, compared to December 2013, home sales dropped 9.9 percent.
The number of listings for all property types in Greater Vancouver reached 5,345 in January, increasing 4.2 percent from the previous year. In January, the total number of listings also passed historical averages, increasing 17.7 percent from the market’s 10-year new listing average for the month.”
It’s hardly surprising why homes for sale in Vancouver are selling like hotcakes; economists left and right call it The Most Livable City in North America. In one particular survey, Vancouver garnered an overall score of 97.3 out of 100 based on liveability factors such as culture, environment, health care, and stability.
With the way things are going in Vancouver, it would also be hardly surprising if you want to move there, but be warned—available homes for sale in Vancouver tend to lean toward the pricey side. It will thus be of great help to you to work with a trusted real estate company like Vancouver Canada Homes to find the best deals.
(Source: Vancouver Starts 2014 With Higher Home Sales, World Property Channel, Feb 6, 2014)
