The home buyers remain below historical averages in today's Vancouver real estate market. This has led some owners to take their houses off the market.
According to the REBGV statistics the property sales in Greater Vancouver reached 1,351 on the MLS® in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012. This means that we had the second lowest month of January since 2001.
Sale activity has been below historical averages in Greater Vancouver for the last seven months. This has caused a gradual decline in home prices of about 6 per cent.
Since May of $625,100, the MLS® Home Price Index composite benchmark price for