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News Release
FOR IMMEDIATE RELEASE

Greater Vancouver housing market trends near long-term
averages as spring market approaches
VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring
greater balance to the Greater Vancouver housing market in February.
  The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver
reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577
sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per
cent increase from the 2,473 home sales in February 2010.
  February sales in Greater Vancouver were the third lowest February total in the region since 2002, though only 151
sales below the 10-year average.
  “With a sales-to-active-listings ratio of over 18 per cent, we see fairly balanced conditions in our marketplace as we
move into the traditionally busier spring season,” Rosario Setticasi, REBGV president said.
  New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,552 in February 2012.
This represents a 2.5 per cent decline compared to February 2011 when 5,693 properties were listed, and a 3.5 per cent
decline compared to January 2012 when 5,756 homes were added to the MLS® in Greater Vancouver.
  Last month’s new listing count was the second highest February total in Greater Vancouver since 1996.
  At 14,055, the total number of residential property listings on the MLS® increased 12 per cent in February com-
pared to last month and increased 17.9 per cent from this time last year.
  “Region-wide we’ve seen relative stability in home prices over the last six months, but it’s important to do your
homework and consult your REALTOR® because pricing can vary considerably depending on the neighbourhood and
property type,” Setticasi said.
  The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $670,900, up 6
per cent compared to February 2011 and an increase of 0.9 per cent compared to January 2012. The benchmark price
for all residential properties in the Lower Mainland is $601,300, an increase of 5.5 per cent compared to February 2011.
  Sales of detached properties on the MLS® in February 2012 reached 1,101, a decline of 21.5 per cent from the
1,402 detached sales recorded in February 2011, and a 12 per cent increase from the 983 units sold in February 2010.
The benchmark price for detached properties increased 10.5 per cent from February 2011 to $1,042,900.
  Sales of apartment properties reached 1,020 in February 2012, a decline of 15.4 per cent compared to the 1,206
sales in February 2011, and a decrease of 5 per cent compared to the 1,074 sales in February 2010. The benchmark
price of an apartment property increased 2.8 per cent from February 2011 to $373,300.
  Townhome property sales in February 2012 totalled 424, a decline of 13.3 per cent compared to the 489 sales in
February 2011, and a 1.9 per cent increase from the 416 townhome properties sold in February 2010. The benchmark
price of a townhome unit increased 0.7 per cent between February 2011 and 2012 to $472,800.


                                                                            -30-

    The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating
    $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver
    totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their companies.
    The Board provides a variety of member services, including the Multiple Listing Service®.For more information on real estate, statistics, and buy-
    ing or selling a home, contact a local REALTOR® or visit www.rebgv.org.


For more information please contact:
Craig Munn, Assistant Manager, Communications
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146 Fax: (604) 730-3102
E-mail: cmunn@rebgv.org                                                                               also available at  www.realtylink.org
*                              February 2012

                                                                                       Benchmark                  Price            1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                         Price                    Index           Change % Change % Change % Change % Change % Change %

   Residential / Composite                       Lower Mainland                           $601,300                 154.1               0.9%               0.5%     -0.2%    5.5%   19.2%   16.8%
                                                 Greater Vancouver                        $670,900                 160.1               0.9%               0.6%     -0.3%    6.0%   23.8%   22.0%
                                                 Bowen Island                             $577,800                 125.8               3.1%               -0.6%    -6.4%    4.4%    3.6%   -0.6%
                                                 Burnaby East                             $589,600                 154.0               0.3%               1.7%     0.5%     4.7%   19.3%   16.9%
                                                 Burnaby North                            $542,200                 154.8               0.3%               0.0%     -1.2%    4.2%   20.3%   18.2%
                                                 Burnaby South                            $572,900                 160.8               0.7%               -1.0%    -2.8%    5.3%   23.8%   23.6%
                                                 Coquitlam                                $505,100                 146.4               1.4%               0.3%     -0.9%    3.6%   15.5%   11.8%
                                                 Ladner                                   $543,000                 151.8               3.4%               1.7%     -0.1%    7.7%   17.2%   20.4%
                                                 Maple Ridge                              $389,700                 131.7               -0.2%               0.1%    -2.2%    0.6%    5.4%    2.4%
                                                 New Westminster                          $376,900                 155.4               1.0%               -0.3%    -0.8%    4.2%   15.5%   13.8%
                                                 North Vancouver                          $673,100                 146.4               1.2%               3.0%     3.0%     7.6%   20.4%   15.9%
                                                 Pitt Meadows                             $379,300                 136.8               0.7%               -1.4%    -0.7%   -0.3%    6.9%    3.8%
                                                 Port Coquitlam                           $402,400                 141.8               -0.1%              -0.2%    -1.5%    1.6%    9.2%    6.9%
                                                 Port Moody                               $491,200                 136.3               1.6%               1.9%     -1.2%    0.6%    8.3%    4.7%
                                                 Richmond                                 $633,300                 173.1               1.1%               2.2%     0.5%     4.8%   30.7%   32.4%
                                                 Squamish                                 $393,100                 123.6               0.1%               2.5%     -2.8%    3.3%   -3.1%    4.0%
                                                 Sunshine Coast                           $348,500                 121.7               -3.5%              -3.6%   -10.5%   -2.3%   -1.6%   -5.1%
                                                 Tsawwassen                               $613,800                 150.6               4.2%               0.8%     -0.8%   11.1%   18.0%   18.7%
                                                 Vancouver East                           $608,500                 175.9               1.7%               0.5%     1.1%     8.4%   28.8%   30.4%
                                                 Vancouver West                           $949,500                 172.1               0.5%               -0.2%    -0.2%    8.3%   32.9%   29.3%
                                                 West Vancouver                          $1,657,500                167.4               2.7%               1.3%     1.1%    16.8%   39.4%   28.5%
                                                 Whistler                                 $516,200                 154.4               1.5%               6.6%     -4.6%    9.3%   19.7%   30.8%
   Single Family Detached                        Lower Mainland                           $853,500                 162.0               1.3%                0.7%    0.6%     9.0%   27.8%   24.9%
                                                 Greater Vancouver                       $1,042,900                174.4               1.5%               0.8%     0.4%    10.5%   36.4%   35.0%
                                                 Bowen Island                             $577,800                 125.8               3.0%               -0.6%    -6.4%    4.4%    3.6%   -0.6%
                                                 Burnaby East                             $729,600                 165.6               1.7%                3.6%    2.3%     9.6%   32.4%   30.2%
                                                 Burnaby North                            $903,400                 175.8               -0.2%               1.4%     0.4%   12.1%   36.0%   36.0%
                                                 Burnaby South                            $938,400                 181.8               0.6%               -1.5%    -0.8%   13.1%   43.3%   41.0%
                                                 Coquitlam                                $691,400                 152.6               1.3%                0.2%    -0.1%    6.8%   20.7%   18.3%
                                                 Ladner                                   $633,300                 152.1               3.3%                1.7%    0.0%     8.6%   18.4%   21.4%
                                                 Maple Ridge                              $467,500                 131.3               0.1%                1.6%    -1.5%    2.7%    7.9%    4.5%
                                                 New Westminster                          $660,700                 166.4               1.5%                3.0%    1.6%     6.7%   31.2%   30.6%
                                                 North Vancouver                          $961,200                 151.9               1.1%                2.6%    4.7%    11.5%   26.7%   22.3%
                                                 Pitt Meadows                             $509,700                 141.3               0.1%               -0.1%     2.4%    5.1%   14.5%   10.1%
                                                 Port Coquitlam                           $546,100                 145.8               0.3%                0.0%    -0.5%    5.6%   16.8%   13.9%
                                                 Port Moody                               $799,000                 150.4               2.6%                2.0%    -1.4%    5.5%   17.9%   16.2%
                                                 Richmond                                $1,026,100                205.2               2.3%               2.1%     0.6%     6.0%   51.2%   56.3%
                                                 Squamish                                 $502,300                 134.6               -1.5%               0.1%     0.1%   12.9%   10.4%   11.5%
                                                 Sunshine Coast                           $347,700                 121.4               -3.5%              -4.0%   -10.7%   -2.7%   -1.9%   -5.4%
                                                 Tsawwassen                               $715,500                 153.9               4.1%                1.8%    0.1%    13.3%   23.9%   21.3%
                                                 Vancouver East                           $832,400                 184.5               1.5%                0.6%    1.9%    12.6%   40.6%   41.2%
                                                 Vancouver West                          $2,217,900                226.5               2.2%               -0.5%    0.4%    17.8%   66.2%   67.7%
                                                 West Vancouver                          $1,886,100                175.3               2.9%               2.8%     1.8%    18.8%   46.8%   34.9%
                                                 Whistler                                 $826,800                 125.3               -1.2%              -5.4%    -5.4%    6.3%    2.5%    3.7%

HOW TO READ THE TABLE:
BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.                                      *
In January 2005, the indexes are set to 100

Key: ** = Sales sample too small; Price information not reported.

The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.




* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association                                                                             1 of 2
*                              February 2012

                                                                                       Benchmark                  Price            1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                         Price                    Index           Change % Change % Change % Change % Change % Change %

             Townhouse                           Lower Mainland                           $409,200                 142.8               0.2%               -1.0%    -2.2%    0.9%    11.1%    9.9%
                                                 Greater Vancouver                        $472,800                 148.9               0.2%               -1.1%    -2.6%    0.7%    15.2%   15.0%
                                                 Burnaby East                             $423,400                 147.1               -0.1%               0.8%    -1.0%    0.5%    12.0%   12.9%
                                                 Burnaby North                            $427,500                 154.8               0.1%               -1.5%    -4.1%   -1.3%    20.2%   18.2%
                                                 Burnaby South                            $429,400                 150.8               -0.2%              -0.1%    -2.3%    0.3%    17.4%   18.6%
                                                 Coquitlam                                $380,400                 138.1               0.7%                1.6%    -3.0%    1.2%     9.4%    6.5%
                                                 Ladner                                   $466,400                 152.1               2.2%                4.7%     0.5%   2.6%    19.5%    18.2%
                                                 Maple Ridge                              $270,600                 131.7               -1.5%              -3.4%    -5.5%   -3.6%     1.0%   -0.6%
                                                 New Westminster                          $398,800                 147.5               3.5%                0.8%     0.3%   1.4%    16.2%    14.6%
                                                 North Vancouver                          $597,400                 142.7               1.2%                0.4%     2.3%   6.4%    16.6%    13.4%
                                                 Pitt Meadows                             $316,800                 136.5               1.3%               -1.4%    -3.9%   -4.6%     3.6%    3.6%
                                                 Port Coquitlam                           $374,900                 143.6               1.8%                1.6%     1.0%   1.1%    11.0%     8.3%
                                                 Port Moody                               $404,700                 134.4               0.3%               -1.2%    -4.9%   -4.0%     5.5%    2.7%
                                                 Richmond                                 $498,600                 161.0               -0.7%              -2.2%    -2.7%    0.9%    22.1%   24.9%
                                                 Squamish                                 $303,500                 111.4               1.5%                5.9%   -10.2%   -5.9%   -13.2%   -4.8%
                                                 Tsawwassen                               $488,100                 146.6               2.7%               -1.3%    -5.7%   -4.1%    15.2%   13.9%
                                                 Vancouver East                           $512,500                 166.1               0.9%               -2.3%    -0.2%    6.3%    21.7%   21.2%
                                                 Vancouver West                           $682,200                 151.6               0.3%               -3.2%    -3.2%    2.2%    20.9%   19.2%
                                                 Whistler                                 $441,700                 126.5               2.9%               10.0%    -8.1%   -3.8%    -1.5%    8.1%
               Apartment                         Lower Mainland                           $346,200                 148.8               0.7%                0.9%   -0.5%     2.5%   12.0%     9.6%
                                                 Greater Vancouver                        $373,300                 150.2               0.6%                0.8%   -0.5%     2.8%   14.8%    12.2%
                                                 Burnaby East                             $357,600                 135.7               -0.7%              -1.5%   -2.0%    -2.7%    -1.0%   -5.3%
                                                 Burnaby North                            $343,200                 140.6               0.7%               -0.7%   -1.7%     0.1%     9.8%    6.2%
                                                 Burnaby South                            $377,200                 151.8               1.0%               -2.0%   -5.4%     0.8%    14.9%   15.2%
                                                 Coquitlam                                $256,700                 140.4               1.9%               -0.2%   -1.3%    -0.5%    10.3%    4.2%
                                                 Ladner                                   $310,400                 149.7               1.6%               -0.7%   -0.8%     9.7%    10.0%   18.3%
                                                 Maple Ridge                              $183,400                 133.8               0.9%               -1.4%    0.4%    -2.6%     1.6%   -3.6%
                                                 New Westminster                          $272,000                 152.5               0.6%               -1.6%   -1.8%     3.5%    10.7%    8.9%
                                                 North Vancouver                          $346,800                 140.4               1.7%                4.6%    0.7%     2.7%   14.1%     9.3%
                                                 Pitt Meadows                             $222,000                 129.4               0.9%               -3.4%   -1.7%    -4.2%    -1.7%   -6.8%
                                                 Port Coquitlam                           $227,900                 134.5               -2.5%              -2.3%   -5.0%    -3.4%    -1.6%   -3.2%
                                                 Port Moody                               $308,200                 127.6               1.4%                4.3%    2.0%    -0.4%     3.5%   -2.1%
                                                 Richmond                                 $357,800                 151.2               1.0%                5.2%    2.6%     5.2%   16.3%    15.1%
                                                 Squamish                                 $233,300                 111.6               3.3%               11.8%   -0.9%    -8.1%   -18.8%   -4.2%
                                                 Tsawwassen                               $338,600                 140.9               1.9%               -1.9%   -2.6%     7.9%     3.5%   11.4%
                                                 Vancouver East                           $306,300                 167.4               2.5%                1.5%    0.8%     3.3%   16.2%    19.0%
                                                 Vancouver West                           $470,500                 153.3               -0.5%               0.1%   -0.4%     3.5%    19.9%   15.1%
                                                 West Vancouver                           $621,600                 134.8               2.3%               -4.0%   -1.5%     6.2%    10.1%    2.4%
                                                 Whistler                                 $243,000                 227.3               2.6%                8.6%   -6.5%    18.3%   65.3%    95.1%




HOW TO READ THE TABLE:
BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.

PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.                                       *
In January 2005, the indexes are set to 100

Key: ** = Sales sample too small; Price information not reported.

The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.




* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association                                                                              2 of 2
Feb 2012
                                                                                                                                                   Dec 2011
                                                                                                                                                   Oct 2011
                                                                                                                                                   Aug 2011
                                                                                                                                                   Jun 2011
                                                                                                                                                   Apr 2011
                                                                                                                                                   Feb 2011
                                                                                                                                                   Dec 2010
                                                   Apartment




                                                                                                                                                   Oct 2010
                                                                                                                                                   Aug 2010
                                                                                                                                                   Jun 2010
                                                                                                                                                   Apr 2010
                                                                                                                                                   Feb 2010
                                                   Townhouse
Greater Vancouver




                                                                                                                                                   Dec 2009
   5 Year Trend




                                                                                                                                                   Oct 2009
                                                                                                                                                   Aug 2009
                                                                                                                                                   Jun 2009
                                                   Detached




                                                                                                                                                   Apr 2009
                                                                                                                                                   Feb 2009
                                                                                                                                                   Dec 2008
                                                                                                                                                   Oct 2008
                                                   Residential




                                                                                                                                                   Aug 2008
                                                                                                                                                   Jun 2008
  C:DATAMonthEndHpiexporthi_resgv-hpi2.tif




                                                                                                                                                   Apr 2008
                                                                                                                                                   Feb 2008
                                                                                                                                                   Dec 2007
                                                                                                                                                   Oct 2007
                                                                                                                                                   Aug 2007
                                                                 Jan 2005 HPI = 100




                                                                                                                                                   Jun 2007
                                                                                                                                                   Apr 2007
                                                                                                                                                   Feb 2007
                                                                                                                                              90
                                                                                      180


                                                                                            170


                                                                                                  160


                                                                                                        150


                                                                                                              140


                                                                                                                     130


                                                                                                                            120


                                                                                                                                  110


                                                                                                                                        100




                                                                                                              Price Index
2               19      2012                                                                                          MLS® SALES Facts
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                                                                    Delta -
                                                                                    Islands
                            Detached      105        127             38               1                102                        31                  103                  26                  23                      119            13           33                125                 177                   68                       10                  1,101
                  Number
                    of      Attached       62         35              9               0                 37                         7                   24                  21                  22                       80            7            7                  39                  47                   10                       17                  424
  February         Sales    Apartment     134         69              9               0                 19                        69                   82                  27                  24                      125            9            4                 102                 323                   17                        7                  1,020
    2012                    Detached    $910,580   $735,000       $677,500          n/a              $473,900                $680,000              $1,002,000           $531,750            $670,000             $1,015,000           n/a       $355,000           $860,000           $2,295,665           $1,925,000                   n/a
                  Median
                  Selling   Attached    $482,000   $471,800          n/a            n/a              $293,000                     n/a              $678,125             $390,000            $430,750                 $535,000         n/a          n/a             $621,000           $810,000                 n/a                      n/a                  n/a
                   Price    Apartment   $390,000   $299,900          n/a            n/a                 n/a                  $297,500              $370,000             $253,000            $295,500                 $339,500         n/a          n/a             $350,450           $499,250                 n/a                      n/a
                            Detached       59         74             17               1                 53                        13                   57                  23                  14                       89            13           22                 93                  86                   39                        6                  659
                  Number
                    of      Attached       40         22              3               1                 26                         7                   26                  14                   9                       52            2            2                  14                  26                    3                       14                  261
   January         Sales    Apartment      67         49              5               0                 25                        52                   48                  18                  15                       72            1            2                  68                 211                   10                       14                  657
    2012                    Detached    $920,000   $727,900          n/a            n/a              $470,000                     n/a              $938,000             $522,000               n/a                   $978,888         n/a       $362,950           $851,000           $2,095,000           $2,071,080                   n/a
                  Median
                  Selling   Attached    $470,000   $437,500          n/a            n/a              $301,500                     n/a              $714,500                n/a                 n/a                   $508,500         n/a          n/a                n/a             $843,250                 n/a                      n/a                  n/a
                   Price    Apartment   $350,500   $291,000          n/a            n/a              $226,000                $292,700              $392,500                n/a                 n/a                   $330,000         n/a          n/a             $333,000           $460,000                 n/a                      n/a
                            Detached      105        108             73               3                106                        30                  111                  40                  18                      251            15           39                165                 242                   92                        4                  1,402
                  Number
                    of      Attached       74         50              7               0                 32                         9                   36                  20                  21                      100            6            6                  38                  77                    3                       10                  489
  February         Sales    Apartment     160         61             17               0                 25                        81                   85                  19                  27                      181            3            3                 116                 404                   18                        6                  1,206
    2011                    Detached    $842,000   $688,500       $626,000          n/a              $469,900                $576,756              $903,800             $532,500               n/a               $1,030,000           n/a       $366,000           $798,000           $2,089,000           $1,519,444                   n/a
                  Median
                  Selling   Attached    $494,500   $448,700          n/a            n/a              $294,857                     n/a              $639,000             $373,000            $425,000                 $537,400         n/a          n/a             $571,000           $875,000                 n/a                      n/a                  n/a
                   Price    Apartment   $329,500   $281,750          n/a            n/a              $227,900                $292,000              $360,000                n/a              $349,000                 $347,951         n/a          n/a             $338,500           $486,000                 n/a                      n/a
                            Detached      164        201             55               2                155                        44                  160                  49                  37                      208            26           55                218                 263                  107                       16                  1,760
                  Number
                    of      Attached      102         57             12               1                 63                        14                   50                  35                  31                      132            9            9                  53                  73                   13                       31                  685
    Jan. -         Sales    Apartment     201        118             14               0                 44                        121                 130                  45                  39                      197            10           6                 170                 534                   27                       21                  1,677
  Feb. 2012                 Detached    $915,290   $732,800       $716,000          n/a              $471,000                $684,000              $982,500             $530,000            $700,000                 $994,000      $469,750     $355,000           $854,000           $2,172,000           $2,000,000                   n/a
                  Median
                  Selling   Attached    $470,000   $458,000          n/a            n/a              $295,500                     n/a              $702,000             $390,000            $421,000                 $518,000         n/a          n/a             $589,800           $810,000                 n/a                   $488,000                n/a
Year-to-date       Price    Apartment   $380,500   $294,457          n/a            n/a              $231,000                $296,750              $375,650             $241,500            $315,000                 $331,000         n/a          n/a             $344,000           $482,250             $637,000                  $215,000
                            Detached      181        173            103               5                172                        42                  157                  62                  25                      413            20           55                264                 376                  138                        9                  2,195
                  Number
                    of      Attached      114         88             10               0                 58                        16                   58                  37                  36                      174            8            8                  57                 113                    8                       17                  802
    Jan. -         Sales    Apartment     271        100             21               0                 35                        126                 119                  32                  40                      305            5            6                 190                 630                   26                       13                  1,919
  Feb. 2011                 Detached    $831,000   $688,000       $622,000          n/a              $469,900                $578,920              $901,500             $530,000            $750,000             $1,028,000        $425,000     $384,000           $775,500           $2,060,000           $1,500,000                   n/a
                  Median
                  Selling   Attached    $499,000   $469,950          n/a            n/a              $297,582                     n/a              $599,500             $380,000            $413,750                 $527,500         n/a          n/a             $595,000           $870,000                 n/a                      n/a                  n/a
 Year-to-date      Price    Apartment   $345,000   $280,000       $328,000          n/a              $218,631                $300,000              $355,900             $233,500            $351,500                 $345,000         n/a          n/a             $335,500           $482,500             $703,000                     n/a


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
2                19       2012                                                                    MLS® LISTINGS Facts
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                                          Burnab
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                                                                                                                                                               Port C
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                                                                Delta -
                                                                                Islands
                              Detached    198      216           75               3              216                        42               184               64                44                     295         40         125              248              319                125                     18                  2,212
                  Number
                     of       Attached    141      65             8               0              76                         18               47                38                35                     144         23         10               64               128                12                      20                  829
   February       Listings    Apartment   305      195           22               0              54                         177              180               79                55                     299         18          9               236              806                43                      33                  2,511
     2012                     Detached    53%      59%          51%             33%              47%                        74%              56%               41%               52%                    40%         33%        26%              50%              55%                54%                    56%
                 % Sales to
                              Attached    44%      54%          113%            n/a              49%                        39%              51%               55%               63%                    56%         30%        70%              61%              37%                83%                    85%                   n/a
                  Listings
                              Apartment   44%      35%          41%             n/a              35%                        39%              46%               34%               44%                    42%         50%        44%              43%              40%                40%                    21%
                              Detached    181      171           70               5              255                        38               144               39                46                     470         43         99               235              476                185                     33                  2,490
                  Number
                     of       Attached    120      81            13               1              56                         21               61                28                44                     195         18         11               44               126                13                      40                  872
   January        Listings    Apartment   307      135           36               0              58                         161              174               54                45                     348         32         15               175              775                39                      40                  2,394
    2012                      Detached    33%      43%          24%             20%              21%                        34%              40%               59%               30%                    19%         30%        22%              40%              18%                21%                    18%
                 % Sales to
                              Attached    33%      27%          23%             100%             46%                        33%              43%               50%               20%                    27%         11%        18%              32%              21%                23%                    35%                   n/a
                  Listings
                              Apartment   22%      36%          14%             n/a              43%                        32%              28%               33%               33%                    21%         3%         13%              39%              27%                26%                    35%
                              Detached    188      189          101              13              200                        38               198               64                48                     395         50         128              283              360                174                     22                  2,451
                  Number
                     of       Attached    130      92             8               0              96                         22               62                40                41                     155         16          8               65               116                13                      34                  898
   February       Listings    Apartment   286      153           17               0              51                         141              189               79                62                     297         16          9               187              782                41                      34                  2,344
     2011                     Detached    56%      57%          72%             23%              53%                        79%              56%               63%               38%                    64%         30%        30%              58%              67%                53%                    18%
                 % Sales to
                              Attached    57%      54%          88%             n/a              33%                        41%              58%               50%               51%                    65%         38%        75%              58%              66%                23%                    29%                   n/a
                  Listings
                              Apartment   56%      40%          100%            n/a              49%                        57%              45%               24%               44%                    61%         19%        33%              62%              52%                44%                    18%
                              Detached    379      387          145               8              471                        80               328               103               90                     765         83         224              483              795                310                     51                  4,702
                  Number
                     of       Attached    261      146           21               1              132                        39               108               66                79                     339         41         21               108              254                25                      60                  1,701
    Jan. -        Listings    Apartment   612      330           58               0              112                        338              354               133               100                    647         50         24               411              1,581              82                      73                  4,905
  Feb. 2012                   Detached    43%      52%          38%             25%              33%                        55%              49%               48%               41%                    27%         31%        25%              45%              33%                35%                    31%
                 % Sales to
                              Attached    39%      39%          57%             100%             48%                        36%              46%               53%               39%                    39%         22%        43%              49%              29%                52%                    52%                   n/a
                  Listings
 Year-to-date*                Apartment   33%      36%          24%             n/a              39%                        36%              37%               34%               39%                    30%         20%        25%              41%              34%                33%                    29%
                              Detached    312      350          175              23              389                        83               336               122               83                     720         93         212              481              657                304                     34                  4,374
                  Number
                     of       Attached    246      164           22               0              160                        39               111               73                66                     290         26         21               122              240                28                      66                  1,674
    Jan. -        Listings    Apartment   542      275           33               2              126                        305              321               146               130                    545         43         14               360              1,466              69                      69                  4,446
  Feb. 2011                   Detached    58%      49%          59%             22%              44%                        51%              47%               51%               30%                    57%         22%        26%              55%              57%                45%                    26%
                 % Sales to
                              Attached    46%      54%          45%             n/a              36%                        41%              52%               51%               55%                    60%         31%        38%              47%              47%                29%                    26%                   n/a
                  Listings
 Year-to-date*                Apartment   50%      36%          64%             0%               28%                        41%              37%               22%               31%                    56%         12%        43%              53%              43%                38%                    19%


* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Listing & Sales Activity Summary

                                        Listings                                           Sales
                              1         2       3        Col. 2 & 3     5      6      7     Col. 6 & 7       9           10        Col. 9 & 10
                            Feb        Jan    Feb       Percentage    Feb     Jan   Feb    Percentage    Dec 2010 -   Dec 2011 -   Percentage
                            2011      2012    2012       Variance     2011   2012   2012    Variance     Feb 2011     Feb 2012      Variance


BURNABY                                                      %                                  %                                       %
DETACHED                     188       181     198           9.4       105     59    105       78.0          255          229         -10.2
ATTACHED                     130       120     141          17.5        74     40     62       55.0          163          142         -12.9
APARTMENTS                   286       307     305          -0.7       160     67    134      100.0          381          305         -19.9

COQUITLAM
DETACHED                     189       171     216          26.3       108     74    127       71.6          234          285          21.8
ATTACHED                      92        81      65         -19.8        50     22     35       59.1          119           78         -34.5
APARTMENTS                   153       135     195          44.4        61     49     69       40.8          148          162           9.5

DELTA
DETACHED                     101        70         75        7.1        73     17     38      123.5          127           73         -42.5
ATTACHED                       8        13          8      -38.5         7      3      9      200.0           12           19          58.3
APARTMENTS                    17        36         22      -38.9        17      5      9       80.0           28           23         -17.9

MAPLE RIDGE/PITT MEADOWS
DETACHED                     200       255     216         -15.3       106     53    102       92.5          236          227          -3.8
ATTACHED                      96        56      76          35.7        32     26     37       42.3           87           84          -3.4
APARTMENTS                    51        58      54          -6.9        25     25     19      -24.0           55           81          47.3

NORTH VANCOUVER
DETACHED                     198       144     184          27.8       111     57    103       80.7          206          213           3.4
ATTACHED                      62        61      47         -23.0        36     26     24       -7.7           72           67          -6.9
APARTMENTS                   189       174     180           3.4        85     48     82       70.8          165          192          16.4

NEW WESTMINSTER
DETACHED                      38        38      42          10.5        30     13     31      138.5           67           50         -25.4
ATTACHED                      22        21      18         -14.3         9      7      7        0.0           16           20          25.0
APARTMENTS                   141       161     177           9.9        81     52     69       32.7          187          183          -2.1

PORT MOODY/BELCARRA
DETACHED                      48        46         44       -4.3        18     14     23       64.3           42           51          21.4
ATTACHED                      41        44         35      -20.5        21      9     22      144.4           50           49          -2.0
APARTMENTS                    62        45         55       22.2        27     15     24       60.0           54           57           5.6

PORT COQUITLAM
DETACHED                      64        39         64       64.1        40     23     26       13.0           91           65         -28.6
ATTACHED                      40        28         38       35.7        20     14     21       50.0           63           51         -19.0
APARTMENTS                    79        54         79       46.3        19     18     27       50.0           46           63          37.0

RICHMOND
DETACHED                     395       470     295         -37.2       251     89    119       33.7          543          270         -50.3
ATTACHED                     155       195     144         -26.2       100     52     80       53.8          246          173         -29.7
APARTMENTS                   297       348     299         -14.1       181     72    125       73.6          441          272         -38.3

SUNSHINE COAST
DETACHED                     128        99     125          26.3        39     22     33       50.0           87           78         -10.3
ATTACHED                       8        11      10          -9.1         6      2      7      250.0           12           10         -16.7
APARTMENTS                     9        15       9         -40.0         3      2      4      100.0            7            8          14.3

SQUAMISH
DETACHED                      50        43         40       -7.0        15     13     13        0.0           31           38          22.6
ATTACHED                      16        18         23       27.8         6      2      7      250.0           10           16          60.0
APARTMENTS                    16        32         18      -43.8         3      1      9      800.0            9           16          77.8

VANCOUVER EAST
DETACHED                     283       235     248           5.5       165     93    125       34.4          349          313         -10.3
ATTACHED                      65        44      64          45.5        38     14     39      178.6           71           68          -4.2
APARTMENTS                   187       175     236          34.9       116     68    102       50.0          249          221         -11.2

VANCOUVER WEST
DETACHED                     360       476     319         -33.0       242     86    177      105.8          492          325         -33.9
ATTACHED                     116       126     128           1.6        77     26     47       80.8          159          104         -34.6
APARTMENTS                   782       775     806           4.0       404    211    323       53.1          899          796         -11.5

WHISTLER
DETACHED                      22        33         18      -45.5         4      6     10       66.7           11           26         136.4
ATTACHED                      34        40         20      -50.0        10     14     17       21.4           31           44          41.9
APARTMENTS                    34        40         33      -17.5         6     14      7      -50.0           23           34          47.8

WEST VANCOUVER/HOWE SOUND
DETACHED                     174       185     125         -32.4        92     39     68       74.4          188          145         -22.9
ATTACHED                      13        13      12          -7.7         3      3     10      233.3           10           13          30.0
APARTMENTS                    41        39      43          10.3        18     10     17       70.0           38           38           0.0

GRAND TOTALS
DETACHED                    2438     2485    2209        -11.1        1399   658    1100     67.2         2959         2388         -19.3
ATTACHED                     898      871     829         -4.8         489   260     424     63.1         1121          938         -16.3
APARTMENTS                  2344     2394    2511          4.9        1206   657    1020     55.3         2730         2451         -10.2
Residential Average Sale Prices - January 1977 to February 2012
                                                 DETACHED                  CONDOMINIUM                   ATTACHED                 APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                                                                              $1,225,893


1200




1000




800



                                                                                                                                                                                $557,134


600




400
                                                                                                                                                                                $457,483




200




  0
       1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


       NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.

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Vancouver real estate february 2012 stats package rebgv

  • 1. News Release FOR IMMEDIATE RELEASE Greater Vancouver housing market trends near long-term averages as spring market approaches VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577 sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per cent increase from the 2,473 home sales in February 2010. February sales in Greater Vancouver were the third lowest February total in the region since 2002, though only 151 sales below the 10-year average. “With a sales-to-active-listings ratio of over 18 per cent, we see fairly balanced conditions in our marketplace as we move into the traditionally busier spring season,” Rosario Setticasi, REBGV president said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,552 in February 2012. This represents a 2.5 per cent decline compared to February 2011 when 5,693 properties were listed, and a 3.5 per cent decline compared to January 2012 when 5,756 homes were added to the MLS® in Greater Vancouver. Last month’s new listing count was the second highest February total in Greater Vancouver since 1996. At 14,055, the total number of residential property listings on the MLS® increased 12 per cent in February com- pared to last month and increased 17.9 per cent from this time last year. “Region-wide we’ve seen relative stability in home prices over the last six months, but it’s important to do your homework and consult your REALTOR® because pricing can vary considerably depending on the neighbourhood and property type,” Setticasi said. The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $670,900, up 6 per cent compared to February 2011 and an increase of 0.9 per cent compared to January 2012. The benchmark price for all residential properties in the Lower Mainland is $601,300, an increase of 5.5 per cent compared to February 2011. Sales of detached properties on the MLS® in February 2012 reached 1,101, a decline of 21.5 per cent from the 1,402 detached sales recorded in February 2011, and a 12 per cent increase from the 983 units sold in February 2010. The benchmark price for detached properties increased 10.5 per cent from February 2011 to $1,042,900. Sales of apartment properties reached 1,020 in February 2012, a decline of 15.4 per cent compared to the 1,206 sales in February 2011, and a decrease of 5 per cent compared to the 1,074 sales in February 2010. The benchmark price of an apartment property increased 2.8 per cent from February 2011 to $373,300. Townhome property sales in February 2012 totalled 424, a decline of 13.3 per cent compared to the 489 sales in February 2011, and a 1.9 per cent increase from the 416 townhome properties sold in February 2010. The benchmark price of a townhome unit increased 0.7 per cent between February 2011 and 2012 to $472,800. -30- The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®.For more information on real estate, statistics, and buy- ing or selling a home, contact a local REALTOR® or visit www.rebgv.org. For more information please contact: Craig Munn, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: cmunn@rebgv.org also available at  www.realtylink.org
  • 2. * February 2012 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Residential / Composite Lower Mainland $601,300 154.1 0.9% 0.5% -0.2% 5.5% 19.2% 16.8% Greater Vancouver $670,900 160.1 0.9% 0.6% -0.3% 6.0% 23.8% 22.0% Bowen Island $577,800 125.8 3.1% -0.6% -6.4% 4.4% 3.6% -0.6% Burnaby East $589,600 154.0 0.3% 1.7% 0.5% 4.7% 19.3% 16.9% Burnaby North $542,200 154.8 0.3% 0.0% -1.2% 4.2% 20.3% 18.2% Burnaby South $572,900 160.8 0.7% -1.0% -2.8% 5.3% 23.8% 23.6% Coquitlam $505,100 146.4 1.4% 0.3% -0.9% 3.6% 15.5% 11.8% Ladner $543,000 151.8 3.4% 1.7% -0.1% 7.7% 17.2% 20.4% Maple Ridge $389,700 131.7 -0.2% 0.1% -2.2% 0.6% 5.4% 2.4% New Westminster $376,900 155.4 1.0% -0.3% -0.8% 4.2% 15.5% 13.8% North Vancouver $673,100 146.4 1.2% 3.0% 3.0% 7.6% 20.4% 15.9% Pitt Meadows $379,300 136.8 0.7% -1.4% -0.7% -0.3% 6.9% 3.8% Port Coquitlam $402,400 141.8 -0.1% -0.2% -1.5% 1.6% 9.2% 6.9% Port Moody $491,200 136.3 1.6% 1.9% -1.2% 0.6% 8.3% 4.7% Richmond $633,300 173.1 1.1% 2.2% 0.5% 4.8% 30.7% 32.4% Squamish $393,100 123.6 0.1% 2.5% -2.8% 3.3% -3.1% 4.0% Sunshine Coast $348,500 121.7 -3.5% -3.6% -10.5% -2.3% -1.6% -5.1% Tsawwassen $613,800 150.6 4.2% 0.8% -0.8% 11.1% 18.0% 18.7% Vancouver East $608,500 175.9 1.7% 0.5% 1.1% 8.4% 28.8% 30.4% Vancouver West $949,500 172.1 0.5% -0.2% -0.2% 8.3% 32.9% 29.3% West Vancouver $1,657,500 167.4 2.7% 1.3% 1.1% 16.8% 39.4% 28.5% Whistler $516,200 154.4 1.5% 6.6% -4.6% 9.3% 19.7% 30.8% Single Family Detached Lower Mainland $853,500 162.0 1.3% 0.7% 0.6% 9.0% 27.8% 24.9% Greater Vancouver $1,042,900 174.4 1.5% 0.8% 0.4% 10.5% 36.4% 35.0% Bowen Island $577,800 125.8 3.0% -0.6% -6.4% 4.4% 3.6% -0.6% Burnaby East $729,600 165.6 1.7% 3.6% 2.3% 9.6% 32.4% 30.2% Burnaby North $903,400 175.8 -0.2% 1.4% 0.4% 12.1% 36.0% 36.0% Burnaby South $938,400 181.8 0.6% -1.5% -0.8% 13.1% 43.3% 41.0% Coquitlam $691,400 152.6 1.3% 0.2% -0.1% 6.8% 20.7% 18.3% Ladner $633,300 152.1 3.3% 1.7% 0.0% 8.6% 18.4% 21.4% Maple Ridge $467,500 131.3 0.1% 1.6% -1.5% 2.7% 7.9% 4.5% New Westminster $660,700 166.4 1.5% 3.0% 1.6% 6.7% 31.2% 30.6% North Vancouver $961,200 151.9 1.1% 2.6% 4.7% 11.5% 26.7% 22.3% Pitt Meadows $509,700 141.3 0.1% -0.1% 2.4% 5.1% 14.5% 10.1% Port Coquitlam $546,100 145.8 0.3% 0.0% -0.5% 5.6% 16.8% 13.9% Port Moody $799,000 150.4 2.6% 2.0% -1.4% 5.5% 17.9% 16.2% Richmond $1,026,100 205.2 2.3% 2.1% 0.6% 6.0% 51.2% 56.3% Squamish $502,300 134.6 -1.5% 0.1% 0.1% 12.9% 10.4% 11.5% Sunshine Coast $347,700 121.4 -3.5% -4.0% -10.7% -2.7% -1.9% -5.4% Tsawwassen $715,500 153.9 4.1% 1.8% 0.1% 13.3% 23.9% 21.3% Vancouver East $832,400 184.5 1.5% 0.6% 1.9% 12.6% 40.6% 41.2% Vancouver West $2,217,900 226.5 2.2% -0.5% 0.4% 17.8% 66.2% 67.7% West Vancouver $1,886,100 175.3 2.9% 2.8% 1.8% 18.8% 46.8% 34.9% Whistler $826,800 125.3 -1.2% -5.4% -5.4% 6.3% 2.5% 3.7% HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. * In January 2005, the indexes are set to 100 Key: ** = Sales sample too small; Price information not reported. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 2
  • 3. * February 2012 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Townhouse Lower Mainland $409,200 142.8 0.2% -1.0% -2.2% 0.9% 11.1% 9.9% Greater Vancouver $472,800 148.9 0.2% -1.1% -2.6% 0.7% 15.2% 15.0% Burnaby East $423,400 147.1 -0.1% 0.8% -1.0% 0.5% 12.0% 12.9% Burnaby North $427,500 154.8 0.1% -1.5% -4.1% -1.3% 20.2% 18.2% Burnaby South $429,400 150.8 -0.2% -0.1% -2.3% 0.3% 17.4% 18.6% Coquitlam $380,400 138.1 0.7% 1.6% -3.0% 1.2% 9.4% 6.5% Ladner $466,400 152.1 2.2% 4.7% 0.5% 2.6% 19.5% 18.2% Maple Ridge $270,600 131.7 -1.5% -3.4% -5.5% -3.6% 1.0% -0.6% New Westminster $398,800 147.5 3.5% 0.8% 0.3% 1.4% 16.2% 14.6% North Vancouver $597,400 142.7 1.2% 0.4% 2.3% 6.4% 16.6% 13.4% Pitt Meadows $316,800 136.5 1.3% -1.4% -3.9% -4.6% 3.6% 3.6% Port Coquitlam $374,900 143.6 1.8% 1.6% 1.0% 1.1% 11.0% 8.3% Port Moody $404,700 134.4 0.3% -1.2% -4.9% -4.0% 5.5% 2.7% Richmond $498,600 161.0 -0.7% -2.2% -2.7% 0.9% 22.1% 24.9% Squamish $303,500 111.4 1.5% 5.9% -10.2% -5.9% -13.2% -4.8% Tsawwassen $488,100 146.6 2.7% -1.3% -5.7% -4.1% 15.2% 13.9% Vancouver East $512,500 166.1 0.9% -2.3% -0.2% 6.3% 21.7% 21.2% Vancouver West $682,200 151.6 0.3% -3.2% -3.2% 2.2% 20.9% 19.2% Whistler $441,700 126.5 2.9% 10.0% -8.1% -3.8% -1.5% 8.1% Apartment Lower Mainland $346,200 148.8 0.7% 0.9% -0.5% 2.5% 12.0% 9.6% Greater Vancouver $373,300 150.2 0.6% 0.8% -0.5% 2.8% 14.8% 12.2% Burnaby East $357,600 135.7 -0.7% -1.5% -2.0% -2.7% -1.0% -5.3% Burnaby North $343,200 140.6 0.7% -0.7% -1.7% 0.1% 9.8% 6.2% Burnaby South $377,200 151.8 1.0% -2.0% -5.4% 0.8% 14.9% 15.2% Coquitlam $256,700 140.4 1.9% -0.2% -1.3% -0.5% 10.3% 4.2% Ladner $310,400 149.7 1.6% -0.7% -0.8% 9.7% 10.0% 18.3% Maple Ridge $183,400 133.8 0.9% -1.4% 0.4% -2.6% 1.6% -3.6% New Westminster $272,000 152.5 0.6% -1.6% -1.8% 3.5% 10.7% 8.9% North Vancouver $346,800 140.4 1.7% 4.6% 0.7% 2.7% 14.1% 9.3% Pitt Meadows $222,000 129.4 0.9% -3.4% -1.7% -4.2% -1.7% -6.8% Port Coquitlam $227,900 134.5 -2.5% -2.3% -5.0% -3.4% -1.6% -3.2% Port Moody $308,200 127.6 1.4% 4.3% 2.0% -0.4% 3.5% -2.1% Richmond $357,800 151.2 1.0% 5.2% 2.6% 5.2% 16.3% 15.1% Squamish $233,300 111.6 3.3% 11.8% -0.9% -8.1% -18.8% -4.2% Tsawwassen $338,600 140.9 1.9% -1.9% -2.6% 7.9% 3.5% 11.4% Vancouver East $306,300 167.4 2.5% 1.5% 0.8% 3.3% 16.2% 19.0% Vancouver West $470,500 153.3 -0.5% 0.1% -0.4% 3.5% 19.9% 15.1% West Vancouver $621,600 134.8 2.3% -4.0% -1.5% 6.2% 10.1% 2.4% Whistler $243,000 227.3 2.6% 8.6% -6.5% 18.3% 65.3% 95.1% HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. * In January 2005, the indexes are set to 100 Key: ** = Sales sample too small; Price information not reported. The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN. * MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 2 of 2
  • 4. Feb 2012 Dec 2011 Oct 2011 Aug 2011 Jun 2011 Apr 2011 Feb 2011 Dec 2010 Apartment Oct 2010 Aug 2010 Jun 2010 Apr 2010 Feb 2010 Townhouse Greater Vancouver Dec 2009 5 Year Trend Oct 2009 Aug 2009 Jun 2009 Detached Apr 2009 Feb 2009 Dec 2008 Oct 2008 Residential Aug 2008 Jun 2008 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Apr 2008 Feb 2008 Dec 2007 Oct 2007 Aug 2007 Jan 2005 HPI = 100 Jun 2007 Apr 2007 Feb 2007 90 180 170 160 150 140 130 120 110 100 Price Index
  • 5. 2 19 2012 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H February y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 105 127 38 1 102 31 103 26 23 119 13 33 125 177 68 10 1,101 Number of Attached 62 35 9 0 37 7 24 21 22 80 7 7 39 47 10 17 424 February Sales Apartment 134 69 9 0 19 69 82 27 24 125 9 4 102 323 17 7 1,020 2012 Detached $910,580 $735,000 $677,500 n/a $473,900 $680,000 $1,002,000 $531,750 $670,000 $1,015,000 n/a $355,000 $860,000 $2,295,665 $1,925,000 n/a Median Selling Attached $482,000 $471,800 n/a n/a $293,000 n/a $678,125 $390,000 $430,750 $535,000 n/a n/a $621,000 $810,000 n/a n/a n/a Price Apartment $390,000 $299,900 n/a n/a n/a $297,500 $370,000 $253,000 $295,500 $339,500 n/a n/a $350,450 $499,250 n/a n/a Detached 59 74 17 1 53 13 57 23 14 89 13 22 93 86 39 6 659 Number of Attached 40 22 3 1 26 7 26 14 9 52 2 2 14 26 3 14 261 January Sales Apartment 67 49 5 0 25 52 48 18 15 72 1 2 68 211 10 14 657 2012 Detached $920,000 $727,900 n/a n/a $470,000 n/a $938,000 $522,000 n/a $978,888 n/a $362,950 $851,000 $2,095,000 $2,071,080 n/a Median Selling Attached $470,000 $437,500 n/a n/a $301,500 n/a $714,500 n/a n/a $508,500 n/a n/a n/a $843,250 n/a n/a n/a Price Apartment $350,500 $291,000 n/a n/a $226,000 $292,700 $392,500 n/a n/a $330,000 n/a n/a $333,000 $460,000 n/a n/a Detached 105 108 73 3 106 30 111 40 18 251 15 39 165 242 92 4 1,402 Number of Attached 74 50 7 0 32 9 36 20 21 100 6 6 38 77 3 10 489 February Sales Apartment 160 61 17 0 25 81 85 19 27 181 3 3 116 404 18 6 1,206 2011 Detached $842,000 $688,500 $626,000 n/a $469,900 $576,756 $903,800 $532,500 n/a $1,030,000 n/a $366,000 $798,000 $2,089,000 $1,519,444 n/a Median Selling Attached $494,500 $448,700 n/a n/a $294,857 n/a $639,000 $373,000 $425,000 $537,400 n/a n/a $571,000 $875,000 n/a n/a n/a Price Apartment $329,500 $281,750 n/a n/a $227,900 $292,000 $360,000 n/a $349,000 $347,951 n/a n/a $338,500 $486,000 n/a n/a Detached 164 201 55 2 155 44 160 49 37 208 26 55 218 263 107 16 1,760 Number of Attached 102 57 12 1 63 14 50 35 31 132 9 9 53 73 13 31 685 Jan. - Sales Apartment 201 118 14 0 44 121 130 45 39 197 10 6 170 534 27 21 1,677 Feb. 2012 Detached $915,290 $732,800 $716,000 n/a $471,000 $684,000 $982,500 $530,000 $700,000 $994,000 $469,750 $355,000 $854,000 $2,172,000 $2,000,000 n/a Median Selling Attached $470,000 $458,000 n/a n/a $295,500 n/a $702,000 $390,000 $421,000 $518,000 n/a n/a $589,800 $810,000 n/a $488,000 n/a Year-to-date Price Apartment $380,500 $294,457 n/a n/a $231,000 $296,750 $375,650 $241,500 $315,000 $331,000 n/a n/a $344,000 $482,250 $637,000 $215,000 Detached 181 173 103 5 172 42 157 62 25 413 20 55 264 376 138 9 2,195 Number of Attached 114 88 10 0 58 16 58 37 36 174 8 8 57 113 8 17 802 Jan. - Sales Apartment 271 100 21 0 35 126 119 32 40 305 5 6 190 630 26 13 1,919 Feb. 2011 Detached $831,000 $688,000 $622,000 n/a $469,900 $578,920 $901,500 $530,000 $750,000 $1,028,000 $425,000 $384,000 $775,500 $2,060,000 $1,500,000 n/a Median Selling Attached $499,000 $469,950 n/a n/a $297,582 n/a $599,500 $380,000 $413,750 $527,500 n/a n/a $595,000 $870,000 n/a n/a n/a Year-to-date Price Apartment $345,000 $280,000 $328,000 n/a $218,631 $300,000 $355,900 $233,500 $351,500 $345,000 n/a n/a $335,500 $482,500 $703,000 n/a Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 6. 2 19 2012 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H February y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Coquit Maple North Port C Port M Richm Squam Sunsh Vanco Vanco Wes New W Whistl Delta - Islands Detached 198 216 75 3 216 42 184 64 44 295 40 125 248 319 125 18 2,212 Number of Attached 141 65 8 0 76 18 47 38 35 144 23 10 64 128 12 20 829 February Listings Apartment 305 195 22 0 54 177 180 79 55 299 18 9 236 806 43 33 2,511 2012 Detached 53% 59% 51% 33% 47% 74% 56% 41% 52% 40% 33% 26% 50% 55% 54% 56% % Sales to Attached 44% 54% 113% n/a 49% 39% 51% 55% 63% 56% 30% 70% 61% 37% 83% 85% n/a Listings Apartment 44% 35% 41% n/a 35% 39% 46% 34% 44% 42% 50% 44% 43% 40% 40% 21% Detached 181 171 70 5 255 38 144 39 46 470 43 99 235 476 185 33 2,490 Number of Attached 120 81 13 1 56 21 61 28 44 195 18 11 44 126 13 40 872 January Listings Apartment 307 135 36 0 58 161 174 54 45 348 32 15 175 775 39 40 2,394 2012 Detached 33% 43% 24% 20% 21% 34% 40% 59% 30% 19% 30% 22% 40% 18% 21% 18% % Sales to Attached 33% 27% 23% 100% 46% 33% 43% 50% 20% 27% 11% 18% 32% 21% 23% 35% n/a Listings Apartment 22% 36% 14% n/a 43% 32% 28% 33% 33% 21% 3% 13% 39% 27% 26% 35% Detached 188 189 101 13 200 38 198 64 48 395 50 128 283 360 174 22 2,451 Number of Attached 130 92 8 0 96 22 62 40 41 155 16 8 65 116 13 34 898 February Listings Apartment 286 153 17 0 51 141 189 79 62 297 16 9 187 782 41 34 2,344 2011 Detached 56% 57% 72% 23% 53% 79% 56% 63% 38% 64% 30% 30% 58% 67% 53% 18% % Sales to Attached 57% 54% 88% n/a 33% 41% 58% 50% 51% 65% 38% 75% 58% 66% 23% 29% n/a Listings Apartment 56% 40% 100% n/a 49% 57% 45% 24% 44% 61% 19% 33% 62% 52% 44% 18% Detached 379 387 145 8 471 80 328 103 90 765 83 224 483 795 310 51 4,702 Number of Attached 261 146 21 1 132 39 108 66 79 339 41 21 108 254 25 60 1,701 Jan. - Listings Apartment 612 330 58 0 112 338 354 133 100 647 50 24 411 1,581 82 73 4,905 Feb. 2012 Detached 43% 52% 38% 25% 33% 55% 49% 48% 41% 27% 31% 25% 45% 33% 35% 31% % Sales to Attached 39% 39% 57% 100% 48% 36% 46% 53% 39% 39% 22% 43% 49% 29% 52% 52% n/a Listings Year-to-date* Apartment 33% 36% 24% n/a 39% 36% 37% 34% 39% 30% 20% 25% 41% 34% 33% 29% Detached 312 350 175 23 389 83 336 122 83 720 93 212 481 657 304 34 4,374 Number of Attached 246 164 22 0 160 39 111 73 66 290 26 21 122 240 28 66 1,674 Jan. - Listings Apartment 542 275 33 2 126 305 321 146 130 545 43 14 360 1,466 69 69 4,446 Feb. 2011 Detached 58% 49% 59% 22% 44% 51% 47% 51% 30% 57% 22% 26% 55% 57% 45% 26% % Sales to Attached 46% 54% 45% n/a 36% 41% 52% 51% 55% 60% 31% 38% 47% 47% 29% 26% n/a Listings Year-to-date* Apartment 50% 36% 64% 0% 28% 41% 37% 22% 31% 56% 12% 43% 53% 43% 38% 19% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 7. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Feb Jan Feb Percentage Feb Jan Feb Percentage Dec 2010 - Dec 2011 - Percentage 2011 2012 2012 Variance 2011 2012 2012 Variance Feb 2011 Feb 2012 Variance BURNABY % % % DETACHED 188 181 198 9.4 105 59 105 78.0 255 229 -10.2 ATTACHED 130 120 141 17.5 74 40 62 55.0 163 142 -12.9 APARTMENTS 286 307 305 -0.7 160 67 134 100.0 381 305 -19.9 COQUITLAM DETACHED 189 171 216 26.3 108 74 127 71.6 234 285 21.8 ATTACHED 92 81 65 -19.8 50 22 35 59.1 119 78 -34.5 APARTMENTS 153 135 195 44.4 61 49 69 40.8 148 162 9.5 DELTA DETACHED 101 70 75 7.1 73 17 38 123.5 127 73 -42.5 ATTACHED 8 13 8 -38.5 7 3 9 200.0 12 19 58.3 APARTMENTS 17 36 22 -38.9 17 5 9 80.0 28 23 -17.9 MAPLE RIDGE/PITT MEADOWS DETACHED 200 255 216 -15.3 106 53 102 92.5 236 227 -3.8 ATTACHED 96 56 76 35.7 32 26 37 42.3 87 84 -3.4 APARTMENTS 51 58 54 -6.9 25 25 19 -24.0 55 81 47.3 NORTH VANCOUVER DETACHED 198 144 184 27.8 111 57 103 80.7 206 213 3.4 ATTACHED 62 61 47 -23.0 36 26 24 -7.7 72 67 -6.9 APARTMENTS 189 174 180 3.4 85 48 82 70.8 165 192 16.4 NEW WESTMINSTER DETACHED 38 38 42 10.5 30 13 31 138.5 67 50 -25.4 ATTACHED 22 21 18 -14.3 9 7 7 0.0 16 20 25.0 APARTMENTS 141 161 177 9.9 81 52 69 32.7 187 183 -2.1 PORT MOODY/BELCARRA DETACHED 48 46 44 -4.3 18 14 23 64.3 42 51 21.4 ATTACHED 41 44 35 -20.5 21 9 22 144.4 50 49 -2.0 APARTMENTS 62 45 55 22.2 27 15 24 60.0 54 57 5.6 PORT COQUITLAM DETACHED 64 39 64 64.1 40 23 26 13.0 91 65 -28.6 ATTACHED 40 28 38 35.7 20 14 21 50.0 63 51 -19.0 APARTMENTS 79 54 79 46.3 19 18 27 50.0 46 63 37.0 RICHMOND DETACHED 395 470 295 -37.2 251 89 119 33.7 543 270 -50.3 ATTACHED 155 195 144 -26.2 100 52 80 53.8 246 173 -29.7 APARTMENTS 297 348 299 -14.1 181 72 125 73.6 441 272 -38.3 SUNSHINE COAST DETACHED 128 99 125 26.3 39 22 33 50.0 87 78 -10.3 ATTACHED 8 11 10 -9.1 6 2 7 250.0 12 10 -16.7 APARTMENTS 9 15 9 -40.0 3 2 4 100.0 7 8 14.3 SQUAMISH DETACHED 50 43 40 -7.0 15 13 13 0.0 31 38 22.6 ATTACHED 16 18 23 27.8 6 2 7 250.0 10 16 60.0 APARTMENTS 16 32 18 -43.8 3 1 9 800.0 9 16 77.8 VANCOUVER EAST DETACHED 283 235 248 5.5 165 93 125 34.4 349 313 -10.3 ATTACHED 65 44 64 45.5 38 14 39 178.6 71 68 -4.2 APARTMENTS 187 175 236 34.9 116 68 102 50.0 249 221 -11.2 VANCOUVER WEST DETACHED 360 476 319 -33.0 242 86 177 105.8 492 325 -33.9 ATTACHED 116 126 128 1.6 77 26 47 80.8 159 104 -34.6 APARTMENTS 782 775 806 4.0 404 211 323 53.1 899 796 -11.5 WHISTLER DETACHED 22 33 18 -45.5 4 6 10 66.7 11 26 136.4 ATTACHED 34 40 20 -50.0 10 14 17 21.4 31 44 41.9 APARTMENTS 34 40 33 -17.5 6 14 7 -50.0 23 34 47.8 WEST VANCOUVER/HOWE SOUND DETACHED 174 185 125 -32.4 92 39 68 74.4 188 145 -22.9 ATTACHED 13 13 12 -7.7 3 3 10 233.3 10 13 30.0 APARTMENTS 41 39 43 10.3 18 10 17 70.0 38 38 0.0 GRAND TOTALS DETACHED 2438 2485 2209 -11.1 1399 658 1100 67.2 2959 2388 -19.3 ATTACHED 898 871 829 -4.8 489 260 424 63.1 1121 938 -16.3 APARTMENTS 2344 2394 2511 4.9 1206 657 1020 55.3 2730 2451 -10.2
  • 8. Residential Average Sale Prices - January 1977 to February 2012 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,225,893 1200 1000 800 $557,134 600 400 $457,483 200 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.