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VANCOUVER, B.C. \u2013 March 3, 2008 \u2013 Residential housing sales in Greater Vancouver rose 94 per cent in February compared to the month before, with 1,480 sales registered in February compared to 762 sales in January, which was the slowest month for housing sales in 25 years. Over the past 10 years, February sales have typically surpassed January by an average increase of 53 per cent. \n \n *Source: REBGV News Release<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" VANCOUVER, B.C. \u2013 March 3, 2008 \u2013 Residential housing sales in Greater Vancouver rose 94 per cent in February compared to the month before, with 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\nAt the same time, new MLS\u00ae listings for residential properties continued to decrease for the fourth month in a row. New listings decreased 25.6 per cent in February compared to the previous year; 20 per cent in January; 8.6 per cent in December; and 10 per cent in November.
\n\u201cThere are terrific opportunities out there right now, but with property listings continuing to decrease, those opportunities may be available only for a brief window of time,\u201d said Dave Watt, president of the Real Estate Board of Greater Vancouver (REBGV).
\nREBGV reports that year-over-year property sales in Greater Vancouver declined 44.7 per cent in February 2009 from the 2,676 sales recorded in February 2008. Year-over-year, those are the lowest sales figures for February since the mid-1980s.
\n\u201cREALTORS\u00ae are reporting more activity compared to recent months as people begin to see whether their position in the housing market has strengthened as a result of falling interest rates and improved affordability,\u201d Watt says. \u201cIt took, on average, 67 days to sell a home in Greater Vancouver in February, seven days less than last month, but behind the seller\u2019s market of last February when the average stood at 33 days.
\n<\/span><\/span><\/span><\/p>\n