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British Columbia March 2008 MLS Statistics:
The number of residential units sold in B.C. on the Multiple Listing Service® (MLS®) declined 22.4% in March, with 7,319 units sold. Residential sales dollar volume reached .54 billion this month, a 12.6% drop compared to the same month last year, while the average residential home price reached 3,286, and increase of 12.6% compared to March 2007.
Greater Vancouver: The number of residential units sold in March reached 3,053, a drop of 17.1% compared to the same month last year, while dollar volumes also declined 7.9% to .9 billion. The average residential home price reached 6,496 this month, an increase of 11.1% compared to March of last year.
Fraser Valley: The number of units sold in March declined 25.4% compared to the same month last year with 1,238 units sold. Dollar volumes also dropped 21.4% to 9.2 million, while the average residential home price increased 5.4% compared to March of last year reaching 3,590.
Chilliwack: March sales declined 29.9% to 206 units, while dollar volumes reached .5 million, a 18.3% drop compared to the same month last year. The average residential home price continued to climb in March reaching 7,201, a 16.6% increase compared to March of last year.
Victoria: Sales in March reached 662 units, a 16.4% decline compared to the same month last year. Dollar volumes also dropped 5.3% to 4 million, while the average residential home price reached 4,194, a 13.3% increase compared to March of last year.
Vancouver Island: The number of residential units sold in March reached 659, a decline of 20.4% compared to the same month last year. Dollar volumes declined 13.6% reaching 2.6 million, while the average residential home price rose 8.6% to 2,702.
Okanagan (including South Okanagan): The Okanagan and South Okanagan markets recorded 753 units sold in March, a decrease of 30.3% compared to March of last year, while dollar volumes declined 18.9% to 4 million.
Kamloops: Dollar volumes dropped 31% compared to the same month last year reaching .6 million in March. The number of sales dropped 44.1% with 190 units sold, while the average residential home price jumped 23.5% compared to March of last year reaching 3,278.
BC Northern: Residential sales continued to decline in March with 319 units sold, a drop of 17.4% compared to March of last year. Dollar volumes also declined 15.4% to .5 million, while the average residential home price recorded a 2.4% increase reaching 5,265.
Kootenay: The number of residential units sold in March reached 191, a 34.1% drop compared to the same month last year. Dollar volumes also declined 24% reaching million, while the average residential home price increased 15.4% compared to March of last year hitting 7,648.
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