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January 2011 Stats

January saw a decline in the number of sales compared to December 2010.  Compared to the ten year January average, sales were up slightly.  The most notable numbers were the difference in region price increases in the past 12 months.  For example Richmond had a 22% increase as Vancouver west had a 12% increase.  We’re seing more of a balanced market with the number of buyers and sellers, but in certain regions, it is a sellers market.  This creates a great importance to have a realtor who specializes in your area.  As far as  detached vs attached sales,  detached were up 12% while apartment sales were down 20.8% compared to January 2010.  Still these numbers will differ region to region.

 
Notable Jan 2011 numbers for Greater Vancouver
 
-Home sales totalled 1819, 4.2 percent decrease compared to Dec 2010
-Detached sale numbers totalled 793, increase of 12.5% compared to Jan 2010, average price $810,045.
-Apartment sale numbers totalled 713, decrease of 20.8% compared to Jan 2010, average price $390,935.
-Attached sale numbers totalled 327, decrease of 4.3% compared to Jan 2010, average price $495,140.
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