Vancouver area home sales jump 46.3 per cent in September to near average level

The benchmark price for detached homes dropped 8.6 per cent in September compared with last year

The Real Estate Board of Greater Vancouver says home sales jumped 46.3 per cent in September compared with last year to hit near average levels after a decline in prices.

The board says 2,333 homes sold in the month, up from 1,595 sales last year, to come in at a level just 1.7 per cent below the 10-year average for September.

Higher home sales came as the composite benchmark price for all homes in Metro Vancouver was down 7.3 per cent to $990,600 in September compared with last year. The benchmark price was down 0.3 per cent from August.

The benchmark price for detached homes dropped 8.6 per cent in September compared with last year. The benchmark condo price was down 6.5 per cent from last year, and the attached home price was down 7.2 per cent.

ALSO READ: Canadian Real Estate Association raises 2019 forecast as August home sales up

A total of 4,866 homes were listed in the month, a 7.8 per cent decrease compared with a year earlier, and a 29.9 per cent increase compared with August.

The board says the statistics indicate a more balanced housing market.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Ride-hailing arrives in North Delta

Uber’s picking up passengers in North Delta, Ladner, but Tsawwassen is still waiting for the service

South Surrey couple donates $250K to students in honour of late son

Joseph Chung Scholarship Fund helps out 100 post-secondary students

Plans for apartments on Strawberry Hill shopping site coming to Surrey council

It would be near the library, and include 123 rental units

Surrey RCMP investigate report of explosion at home

‘Emotionally elevated’ person taken ‘safely’ into custody: police

Surrey tells Uber to cease operations in city, but company ‘respectfully’ declines

Ridesharing company told to stop operating within the city by 9 p.m. Jan. 24

‘Presumptive case’ of coronavirus in Canada confirmed by Ontario doctors

Man in his 50s felt ill on his return to Canada from Wuhan, China

People knowingly take fentanyl so make policy changes to reduce harm: B.C. study

Dr. Jane Buxton, an epidemiologist at the centre, says drug users need more resources,

‘My heart is going to bleed’: Bodies brought back to Canada following Iran plane crash

Remains of Sahar Haghjoo, 37, and her eight-year-old daughter, Elsa Jadidi, were identified last weekend

UBC grad and sister killed in Iran plane crash had bright futures ahead, close friend says

Asadi-Lari siblings Mohammad Hussein and Zeynab were two of 57 Canadians aboard downed Flight PS752

Coronavirus concerns cause cancellation of Langley Lunar New Year celebration

Close to 1,000 were expected to attend the annual Live In Langley event on Saturday

Second earthquake in two days strikes near Agassiz

A 2.6-magnitude recorded Saturday morning

BCLC opens novelty bet on Harry and Meghan moving to the west coast

Meanwhile, real estate agency points to four possible homes for the family

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

The country obtained a score of 77, which places it at the top in the Americas

Most Read