For the complete news release, including detailed statistics, follow this link: www.bcrea.bc.ca/news_room/2011-02.pdf.
For immediate release
Vancouver Leads BC Housing Markets
Vancouver, BC – March 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 5 per cent in February from January 2011, on a seasonally adjusted basis. Compared to February of 2010, MLS® residential unit sales increased 8 per cent to 6,410 units. The average MLS® residential price rose 18 per cent to $587,571 in February compared to the same month last year.
Year-to-date, BC residential sales dollar volume increased 15 per cent $6.03 billion, compared to the same period last year. Residential unit sales remained relatively unchanged, albeit down by 0.3 per cent to 10,547 units. The average MLS® residential price climbed 15.6 per cent to $572,121 over the same period.