Sales were still below a 10-year average, despite a moderation in prices
The Vancouver area's real estate board says that last year's sales of detached, attached and apartment homes were up three per cent from 2018.The Vancouver area’s real estate board says the number of home sales last year was up from 2018, but remained below the region’s 10-year average, despite a moderation in prices.
REBGV says sales last year were 20.3 per cent below the region’s 10-year sales average and 29.6 per cent below 2017, when 35,993 home sales were recorded.The board’s composite benchmark price for all residential properties ended 2019 at about $1 million, a 3.1 per cent decline from December 2018. REBGV president Ashley Smith says buyer demand picked up in the second half of 2019, after a relatively quiet spring season.
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