The Latest BC Real Estate Association Report is now out for December 2018.
BC Real Estate Key Stats
-Total Residential Real Estate Sales fell by 24.5% in 2018.- BC Home sales fell below the 10-year average of 84,800 to 78,345 in 2018.
- Average Prices in BC fell by 5.2% Year on Year.
- Total Active Listings are up 33.3%, which is the highest since 2014.
Okanagan Key Stats
- Average Price Year to Date is up 5.7% 2018 526,200 2017 $497,604.- Unit sales were down 18.3% to 7,400 from 9,053
- Active Listings December 2018 2,826 2017 2087 - up 35.4%
- Sales to active listings 2018 11.5% 2017 22% - gone from a Sellers to Buyers Market.
To read the full report http://www.bcrea.bc.ca/docs/news-2018/2018-12.pdf
Kind Regards
Trish Cenci
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