{"id":25664,"date":"2025-04-14T10:10:10","date_gmt":"2025-04-14T17:10:10","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25664"},"modified":"2025-04-14T10:08:58","modified_gmt":"2025-04-14T17:08:58","slug":"bcrea-the-average-residential-price-in-bc-was-down-4-8-unit-sales-decline-5-2-y-y","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/04\/bcrea-the-average-residential-price-in-bc-was-down-4-8-unit-sales-decline-5-2-y-y\/","title":{"rendered":"BCREA The Average Residential Price in BC was Down 4.8%, Unit Sales Decline 5.2% Y\/Y"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 April 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,917 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in March 2025, down 9.6% from March 2024. The average MLS\u00ae residential price in BC in March 2025 was down 4.8% at $963,323 compared to $1,011,965 in March 2024.<\/p>\n<p style=\"text-align: justify;\">The total sales dollar volume was $5.7 billion, a 13.9% decrease from the same time the previous year. BC MLS\u00ae unit sales were 35% lower than the ten-year March average.<\/p>\n<p style=\"text-align: justify;\">\u201cBuyers continued to shift back to the sidelines in March,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cThe economic uncertainty surrounding potential tariffs on Canadian goods has some potential buyers hesitant, particularly in the province\u2019s larger markets.\u201d<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume is down 8.1% to $14.5 billion, compared with the same period in 2024. Residential unit sales are down 5.2% year-over-year at 15,160 units, while the average MLS\u00ae residential price is also down 3.1% to $959,400.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2025-03.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/tariff-fears-sideline-buyers-in-march\/\" target=\"_blank\" rel=\"noopener\">Tariff Fears Sideline Buyers in March<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 April 14, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,917 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in March 2025, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/04\/bcrea-the-average-residential-price-in-bc-was-down-4-8-unit-sales-decline-5-2-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":[8,13],"tags":[],"class_list":["post-25664","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA The Average Residential Price in BC was Down 4.8%, Unit Sales Decline 5.2% 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\/2025\/04\/bcrea-the-average-residential-price-in-bc-was-down-4-8-unit-sales-decline-5-2-y-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA The Average Residential Price in BC was Down 4.8%, Unit Sales Decline 5.2% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 April 14, 2025. 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