This time last year we started seeing home prices begin to rebound from the deep price drops that took place in the recession period.

Since then prices and sales have been on a steady increase, demonstrating the resiliency of the Vancouver housing market. April was no exception, showing increased activity across the board, it marked the beginning of a busy spring market to come.

Here are the stats for April 2010 according to the Real Estate Board of Greater Vancouver (REBGV)

RESIDENTIAL PROPERTY SALES - UP 18.5% from last year
3,512 homes were sold in April 2010

• The fifth highest-selling April on record
• 12% increase compared with March 2010
 

NEW LISTINGS - UP 64.5% from last year
7,648 properties were newly listed in April 2010

• 9.2% increase compared to March 2010

HOUSING PRICE INDEX - UP 18.9% from last year

The MLSLink Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 18.9% to $593,419 from $499,021 in April 2009.
 

• The benchmark price for detached properties increased 21.2 % from April 2009 to $818,403.
• The benchmark price of an apartment property increased 16.9 % from April 2009 to $397,779.
• The benchmark price of an attached unit increased 16.4 % between April 2009 and 2010 to $502,399.

SALES OF DETACHED PROPERTIES - UP 15.1% from last year
1,370 detached homes sold in April 2010

SALES OF APARTMENT PROPERTIES - UP 29.4% from last year
1,526 apartment properties sold in April 2010

SALES OF ATTACHED PROPERTIES - UP 3.7% from last year
There were a total of 616 attached property sales in April 2010

Download the complete REBGV April 2010 Stats Package >>