Summerland,Penticton, Okanagan Success Stories and Happenings: BC REAL ESTATE HOME SALES in Greater Vancouver way DOWN but up in the Sunny Okanagan! April 2012

Vancouver, BC – May 15, 2012. From information gathered from The British Columbia Real Estate Association (BCREA) Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC weakened 12.5 per cent to $3.8 billion in April matched to the same month last year. A total of 7,058 MLS® residential unit sales were documented over the same period, down 1.8 per cent from April 2011. The average MLS® residential price was $532,855, 10.9 per cent lower than a year ago.

"A ten per cent dip in Lower Mainland home sales offset a 14 per cent increase across the rest of the province,” said Cameron Muir, BCREA Chief Economist. “Kamloops, the Okanagan and the North all posted double-digit increases in home sales in April compared to levels one year ago."

"The share of provincial sales garnered by Vancouver and the Fraser Valley declined from 65 per cent in April 2011 to 60 per cent last month,” added Muir. “A larger proportion of homes sold in less expensive regions contributed to the average BC sales price dipping nearly 11 per cent."

Year-to-date, BC residential sales dollar volume declined 15.8 per cent to $15 billion, compared to the same period last year. Residential unit sales dipped 9.7 per cent to 23,782 units, while the average MLS® residential price was 6.8 per cent lower at $546,870. (SOURCE: BCREA http://www.bcrea.bc.ca/ )

South Okanagan: After 5 Years of declining Real Estate prices, we may be seeing the first signs of stabilization in the Okanagan BUT not Great Vancouver. Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , reported today that of the Single Family Sales in Penticton and Summerland “early signs of price stabilization are beginning to show”.

Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , has noticed a larger increase in Bank Sales and produces an Okanagan Foreclosure list focusing on Bank Sales in Penticton & Summerland BC.

Please contact Summerland Penticton Okanagan Real Estate Agent Raymond MAASKE for more details:

Raymond MAASKE, BBA, CCC, ACRE, ATM-B
Summerland & Penticton, Okanagan, BC

Website: http://www.HomeStarRealty.ca
E-mail: raymond@HomeStarRealty.ca
Phone: 250.488.8764

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