Don's Greater Vancouver Real Estate Market Report

board overall

Single family houses sales for December totalled 426 with the average sale price of $1,078,495. This 32% decrease in number of sales and a 1% increase in average price over last year same time period (December) . Townhouse sales for December totalled 213 with an average sale price of $547,966. This is a 16% decrease in the number of sales and an increase of 8% in average price over the same time period last year (December). Condominiums December sales totalled 504 with the average sale price of $415,991. This a 34% decrease in number of sales and decease of 6% in average price over the same time period last year (December). Total of all types for December was 1143 sales with an average sale price of $689,366. This is a 31% decrease in number of sales and average price basically unchanged over December last year. 

The total number of sales ran about 31% below the same month in the previous year with minimal change in average price in all categories. The Vancouver Real Estate Board sales volume year to date is down by 22% and year to date average sales price is down 6%. The number of active listings is 16% higher this December compared to last December. High inventory and reduced demand has the Real Estate Board of Greater Vancouver stating that it continues to be a BUYERS market. Over the last 6 months the number of sales has consistently been 25-30% below the 10 year average. Overall prices are off about 6% for 2012 over 2011.

Local Maple Ridge

Single family houses December sales totalled 30 with the average sale price of $494,957. This a 54% decrease in number of sales and average price decrease of 9% compared to December last year. Townhouse December sales totalled 7 with an average sale price $275,771. This is a 60% decrease in the number of sales and a decrease of 3% in average price compared to last December.Condominiums December sales totalled 10 with the average sale price of $177,370. This is a 41% decrease in number of sales and a 25% increase in price over last December.

Total of all types of sales for December was 47 with an average sale price of $394,740. This is a 53% decrease in number of sales and a 8% decrease in average price over last December.

The Maple Ridge sales volume year to date is down by 13% and year to date average sales price is basically unchanged at $501,538 for single family homes. The average sale price has been within $3000 of this number for 3 years. Townhouses and apartments have seen decreases in average sale prices of at least 6% in the last year

The number of properties on the market in Maple Ridge for December is 796 which is 1% above last December.

For more detail just call 604-466-4549 or email  -  pearceteam@telus.net