February 2009 Real Estate Board of Greater Vancouver Stats package

March 6, 2009 - PRLog -- VANCOUVER, B.C. – Residential housing sales in Greater Vancouver rose 94 per cent in February compared to the month before, with 1,480 sales registered in February compared to 762 sales in January, which was the slowest month for housing sales in 25 years. Over the past 10 years, February sales have typically surpassed January by an average increase of 53 per cent.

At the same time, new MLS® listings for residential properties continued to decrease for the fourth month in a row. New listings decreased 25.6 per cent in February compared to the previous year; 20 per cent in January; 8.6 per cent in December; and 10 per cent in November.

“There are terrific opportunities out there right now, but with property listings continuing to decrease, those opportunities may be available only for a brief window of time,” said Dave Watt, president of the Real Estate Board of Greater Vancouver (REBGV).

Direct link to full report:
http://www.sharaturner.com/vancouversalesreports.ubr and select February 2009.

Feel free to contact me if you would like the stats packages emailed to you directly the first week of each month.