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Vancouver home sales up 30.3% in January from last year; prices 3.2% higher

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VANCOUVER - Home sales in the Vancouver region for January were up 30.3 per cent compared with the same month a year ago, according to the Real Estate Board of Greater Vancouver.

The board says sales through its multiple listing service totalled 1,760 for the month, up from 1,351 in January 2013.

However, sales were down 9.9 per cent from 1,953 in December 2013.

The board noted that January sales were 7.2 per cent above the 10-year average for the month.

The MLS home price index composite benchmark price for Vancouver was $606,800, up 3.2 per cent from a year ago.

New listings totalled 5,345 for January, up 4.2 per cent compared with 5,128 new listings in January 2013.

The number of properties listed for sale totalled 12,602, down 4.9 per cent compared with January 2013, but up nine per cent compared with December 2013.

"The Greater Vancouver housing market has been in a balanced market for nearly a year," board president Sandra Wyant said in a statement.

"This has meant steady home sale and listing activity, accompanied by stable home prices."

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