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.

Just Posted

VIDEO: Langley twins get RAD with Santa photos

Canuck Place children’s hospice in Abbotsford benefits from a Nov. 28 charity picture-taking event

Surrey filmmaker creates ‘Monster’ movie about gang life in the city

Fleetwood resident Inderveer Sodhi wrote, directed and stars in his coming-of-age fictional drama

Surrey drunk driver gets 32 months in prison for killing grandma, injuring girl

Shavin Reynold Singh, 31, is also prohibited from driving for four years

Cloverdale hamper program brings Christmas cheer to 500 households in Surrey, Langley, and White Rock

Cloverdale Community Kitchen has been running hamper program for 26 years

Cloverdale ‘Ladies’ Night Out’ shopping event expected to draw thousands

Annual event kicks off the holiday shopping season in downtown Cloverdale

John Mann, singer and songwriter of group Spirit of the West dead at 57

Mann died peacefully in Vancouver on Wednesday from early onset Alzheimer’s

VIDEO: B.C. high school’s turf closed indefinitely as plastic blades pollute waterway

Greater Victoria resident stumbles on plastic contamination from Oak Bay High

B.C. mayor urges premier to tweak road speeds in an ‘epidemic of road crash fatalities’

Haynes cites ICBC and provincial documents in letter to John Horgan

South Cariboo Driver hits four cows due to fog

The RCMP’s investigation is ongoing

B.C. won’t appeal decision protecting ICBC court experts

Change to evidence rules next to save money, David Eby says

1898 Yukon gold rush photo featuring Greta Thunberg look-alike sends internet into tailspin

Jokes erupted this week after a 120-year-old photo taken by Eric A. Hegg surfaced from archives

BC Ferries’ two new hybrid vessels set sail for B.C. from Romania

Two Island Class ferries to be in use by 2020

Distracted driving tickets not for ICBC revenue, B.C. minister says

Minister Mike Farnworth calls SenseBC analysis ‘nonsense’

Most Read