Q1 2014 Quarterly Residential Sales Summary

Q1 2014 Quarterly Residential Sales Summary

In a word or two: the BC markets are down over the last quarter, up year over year. Compared to Q4/13, first quarter 2014 was muted with volumes and values spotty, declines in almost all market matrices.

In Q4/13 the province saw 22,706 sales valued at $11.08 billion. In Q1/14 it was 17,285 sales and $9.79 billion in value for declines of 23.87 and almost 17 percent respectively.

Down over the last quarter, up year-over-year; the basic pattern largely holds true for the rest of the province with SFD showing the most resilience (and rebound), condos the least, attached somewhere in the middle. However, the other matrices show mixed numbers, in flux and unlike relentlessly ‘positive’ Metro Vancouver.

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