{"id":1008,"date":"2011-03-02T14:16:31","date_gmt":"2011-03-02T22:16:31","guid":{"rendered":"http:\/\/www.jamesgarbutt.com\/?p=1008"},"modified":"2011-03-02T14:16:31","modified_gmt":"2011-03-02T22:16:31","slug":"rebgv-reports-increased-housing-demand-in-february","status":"publish","type":"post","link":"https:\/\/www.garbuttdumas.ca\/2011\/03\/02\/rebgv-reports-increased-housing-demand-in-february\/","title":{"rendered":"REBGV reports increased housing demand in February"},"content":{"rendered":"<p>VANCOUVER, B.C. \u2013 March 2, 2011 \u2013 Demand for detached homes continues to be strong across Greater Vancouver, with\u00a0particularly high sales volumes occurring in Richmond and Vancouver Westside.<br \/>\nFor the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service\u00ae (MLS\u00ae)\u00a0in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February\u2019s 3,097 homes\u00a0sales outpace the 2,742 home-sale average recorded in the region over the last ten years.<br \/>\n\u201cWe saw an increase in demand across our region last month as more buyers entered the market in advance of the spring\u00a0season,\u201d said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). \u201cThe intensity of this activity\u00a0varied between communities. Our statistics tell us that single detached homes in Richmond and the west side of Vancouver\u00a0remain the most sought after properties in our marketplace.\u201d<br \/>\nBetween November 2010 and February 2011, the MLSLink\u00ae Housing Price Index (HPI) benchmark price of a detached\u00a0home in Richmond increased $190,739 to $1,099,679; in Vancouver West, detached home prices increased $222,185 to\u00a0$1,850,072. In comparison, detached home prices across the region increased $51,762 between November 2010 and February\u00a02011 to $848,645.<br \/>\n\u201cTo effectively analyse real estate statistics for the purpose of buying or selling a home, it\u2019s critical to focus on your\u00a0neighbourhood of choice because, like we see today, conditions and prices can fluctuate significantly within the same city or\u00a0municipality,\u201d Moldowan said.<br \/>\nFOR FULL STATS PACKAGE CLICK ON THE LINK BELOW:<br \/>\n<strong><strong><a href=\"https:\/\/www.garbuttdumas.ca\/content\/uploads\/2011\/03\/rebgv-stats-package-february-2011.pdf\">rebgv-stats-package-february-2011<\/a><\/strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, B.C. \u2013 March 2, 2011 \u2013 Demand for detached homes continues to be strong across Greater Vancouver, with\u00a0particularly high sales volumes occurring in Richmond 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