Monday, June 2, 2008

April 2008 MLS Stats

April MLS Statistics:


    The number of residential units sold in B.C. on the Multiple Listing Service® (MLS®) declined 11% in April compared to the same month last year, with 8,623 units sold. Residential sales dollar volume reached $4.1 billion this month, a 1.4% drop compared to the same month last year, while the average residential home price reached $478,044, an increase of 10.7% compared to April 2007.

    Greater Vancouver: The number of residential units sold in April reached 3,308, a drop of 5% compared to the same month last year, while dollar volumes increased 3.6% to $2 billion. The average residential home price reached $615,304 this month, an increase of 9% compared to April of last year.

    Fraser Valley: The number of units sold in April declined 0.5% compared to the same month last year with 1,687 units sold. Dollar volumes increased 2.3% to $740.9 million however, while the average residential home price increased 2.7% compared to April of last year reaching $439,188.

    Chilliwack: April sales declined 11% to 267 units, while dollar volumes reached $87 million, a 0.4% drop compared to the same month last year. The average residential home price continued to climb in April reaching $325,824, an 11.9% increase compared to April of last year.

    Victoria: Sales in April reached 730 units, a 14.2% decline compared to the same month last year. Dollar volumes also dropped 10.4% to $361 million, while the average residential home price reached $494,204, a 4.5% increase compared to April of last year.

    Vancouver Island: The number of residential units sold in April reached 824, a decline of 11.8% compared to the same month last year. Dollar volumes declined 1.3% reaching $287.7 million, while the average residential home price rose 11.9% to $349,106.

    Okanagan (including South Okanagan): The Okanagan and South Okanagan markets recorded 857 units sold in April, a decrease of 26.2% compared to April of last year, while dollar volumes declined 14.1% to $360 million.

    Kamloops: Dollar volumes dropped 23.3% compared to the same month last year reaching $79.8 million in April. The number of sales dropped 35.3% with 249 units sold, while the average residential home price jumped 18.6% compared to April of last year reaching $320,608.

    BC Northern: Residential sales continued to decline in April with 399 units sold, a drop of 13.6% compared to April of last year. Dollar volumes increased 3.5% to $90.2 million, while the average residential home price recorded a 19.9% increase reaching $226,094.

    Kootenay: The number of residential units sold in April reached 227, a 33.4% drop compared to the same month last year. Dollar volumes also declined 24.5% reaching $64.9 million, while the average residential home price increased 13.4% compared to April of last year hitting $285,944.