BCREA reports that a record number of home sales were recorded in the province for the month of December. A total of 6,590 residential unit sales were recorded by MLS® last month, up 29.8 per cent from the same month the previous year. Total sales dollar volume hit a record $4.62 billion for the month of December, up 55.4 per cent compared to the previous year.
The average MLS® residential price in the province climbed above the $700,000 threshold for the first time in BC last month, rising 19.7 from December 2014 to $700,943.
BC home sales breached the 100,000 unit threshold in 2015, and it was only the third time on record that this was achieved.
The dollar volume of MLS® residential sales was a record $65.3 billion in 2015, up nearly 37 per cent from the previous year.
The average annual residential price reached a record $636,627 last year, up 12 per cent from 2014. A total of 102,517 residential unit sales were recorded, an increase of 22 per cent compared to 2014.
A record 106,310 residential unit sales were recorded in 2005, while the only other year eclipsing 2015 were 2007 when 102,805 unit sales were recorded.