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Home Sales in Vancouver up 40% in February

Vancouver Home Sales in February picked up compared to the same month a year ago.  Home Sales came in 2,530, based from Real Estate Board of Vancouver.  Sales were up more than 40% from 1,797 last year and also 1760 last January.  This homebuyer demand in February is consistent witht he typical housing market as per president of the Vancouver board Sandra Wyatt.

February Sales of 2,547 were in line with Vancouver's 10 year average for this month.  The number of new listings for detached, attached and apartment properties in Greater Vancouver totalled 4700 in february compared with 4833 new listings last year, while there were 5345 new listings in January 2014.

The MLS Home Price Index composite benchmark price is up 3.2% of $609,100 from a year ago.

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