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B.C. home sales in April hit highest mark in a decade

April was the hottest month for B.C. home sales in a decade, the British Columbia Real Estate Association says.

In a release this morning the BCREA said that total sales last month added up to $6.3 billion. That’s a 45.5-per-cent increase over April 2014.

The average MLS residential price shot up 13 per cent from last April, to $634,744.

"Last month was the strongest April for home sales in a decade,” Cameron Muir, BCREA chief economist, said in the release. “The elevated level of buying activity this spring is now expected to push 2015 home sales to their highest level since 2007.”

The release added that during the first four months of 2015, B.C. residential sales added up to $19 billion, a 37.1-per-cent increase when compared with the same period in 2014

Read more: http://www.vancouversun.com/business/home+sales+April+highest+mark+decade/11055302/story.html#ixzz3ap8NbJtp

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