BC Home Sales show steady growth for 2013

BCREA - A report released by the BCREA today shows a bounce back in home sales in B.C. in 2013. Residential sales increased by 7.8% from 2012, while the annual residential home price in the province was up 4.4% from 2012. Total sales dollar volume was $39.2 billion, an 

increase of 12.6% compared to 2012.

“After declining nearly 12 per cent in 2012, home sales posted steady growth through last year,” said Cameron Muir, BCREA Chief Economist. “Greater Vancouver, Kamloops and Okanagan Mainline board posted the most significant changes, with home sales rising between 12.5 and 14 per cent. Stronger consumer demand combined with fewer 

homes listed for sale improved market conditions in most regions last year.” 

In December, BC residential unit sales rose 47 per cent to 4,426 units, compared to December 2012. Total dollar volume was 67.7 per cent higher at $2.5 billion, while the average MLS® residential price rose 14.1 per cent to $568,416. 

To see the full report by BCREA including all statistics, click here.