Sales and prices for all classes of Vancouver real estate were up in December compared with a year ago, according to Real Estate Board of Greater Vancouver statistics released January 3.
Overall sales soared 71% to 1,953 in December, compared with the same month a year ago. Detached property sales led the way, rising 79.3% to 762 sales.
In contrast, apartment properties rose 68.7% to 850 sales and attached property sales climbed 60.1% to 213 sales in those months.
Total December sales were 8.1% above the 10-year average for the month of 1,807.
"Home sales quietly improved last year compared with 2012," said REBGV president Sandra Wyant. "Although, the volume of activity didn't compare to some of the record-breaking years we experienced over the last decade."
Prices were also up year-over-year for each property class. The benchmark price for detached homes rose 2.5% year-over-year to $927,000 whereas apartment properties climbed 1.8% to $367,800 and attached properties increased 1.2% to $456,100.
Attached properties were the only property class to dip in value compared with November, when the benchmark price was $458,000.
Total 2013 property sales reached 28,524, or a 14% increase from the 25,032 sales recorded in 2012 and an 11.9% decrease from the 32,390 residential sales in 2011.
