{"id":13175,"date":"2019-07-15T08:33:04","date_gmt":"2019-07-15T15:33:04","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13175"},"modified":"2019-07-15T08:38:24","modified_gmt":"2019-07-15T15:38:24","slug":"bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/","title":{"rendered":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in June, a decline of 11.8% from the same month last year. The average MLS\u00ae residential price in the province was $687,584, a decline of 4% from June 2018. Total sales dollar volume was $4.8 billion, a 15.3% decline from the same month last year.<\/p>\n<p style=\"text-align: justify;\">\u201cBC home sales moderated lower in June after a stronger showing in May,\u201d said BCREA Deputy Chief Economist Brendon Ogmundson. \u201cWhile mortgage rates offered by lenders have moved below 3%, a static qualifying rate has limited the impact of the lower cost of borrowing.\u201d<\/p>\n<p style=\"text-align: justify;\">Total MLS\u00ae residential active listings were up 18.6% to 42,625 units compared to the same month last year and were essentially flat on a seasonally adjusted basis compared to May.<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was down 23.4% to $24.5 billion, compared with the same period in 2018. Residential unit sales decreased 18.7% to 35,679 units, while the average MLS\u00ae residential price was down 5.8% to $688,080.<\/p>\n<p>&nbsp;&nbsp;&nbsp; <a href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/bcrea-55\/\" rel=\"attachment wp-att-13176\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-13176\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA-288x216.gif\" alt=\"\" width=\"555\" height=\"416\"><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2019\/2019-06.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.bcrea.bc.ca\/news-and-publications\/news-room\/news-releases\/2019-06-statistical-release\" target=\"_blank\" rel=\"noopener noreferrer\">BC Home Sales Trend Lower in June<\/a> by BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13175","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA.gif\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\\\/Y\",\"datePublished\":\"2019-07-15T15:33:04+00:00\",\"dateModified\":\"2019-07-15T15:38:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/\"},\"wordCount\":198,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/BCREA-288x216.gif\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/\",\"name\":\"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\\\/Y &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/BCREA-288x216.gif\",\"datePublished\":\"2019-07-15T15:33:04+00:00\",\"dateModified\":\"2019-07-15T15:38:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/BCREA.gif\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/BCREA.gif\",\"width\":600,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\\\/Y\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/","twitter_card":"summary_large_image","twitter_title":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Vancouver, BC \u2013 July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [read more]","twitter_image":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA.gif","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y","datePublished":"2019-07-15T15:33:04+00:00","dateModified":"2019-07-15T15:38:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/"},"wordCount":198,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA-288x216.gif","articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/","url":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/","name":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#primaryimage"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA-288x216.gif","datePublished":"2019-07-15T15:33:04+00:00","dateModified":"2019-07-15T15:38:24+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#primaryimage","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA.gif","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/07\/BCREA.gif","width":600,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2019\/07\/bcrea-residential-sales-decline-11-8-average-price-drop-4-y-y\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"BCREA Residential Sales Decline 11.8%, Average Price Drop 4% Y\/Y"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/13175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=13175"}],"version-history":[{"count":7,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/13175\/revisions"}],"predecessor-version":[{"id":13190,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/13175\/revisions\/13190"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=13175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=13175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=13175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}