In the 11th Month of 2013 Vancouver Real Estate Stats Don’t Lie

1%

“This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”

Balance

“Consistent home sale and listing activity has allowed balanced market conditions to prevail.”

  • Novembers’s sales were 1.2% below the 10 year average
  • new listings are 1.5% above the 10 year November average

11th Month Totals

  • New Listings in Greater Vancouver totaled 3,245 – up 17.7% YOY but was down 24.8% compared to last month.
  • There are 13,986 properties for sale – down 10.9% YOY and 8.3% from October 2013.

11th Month Numbers

  • sales-to-active-listings ratio was 16.6per cent
1 percent

Detached

  • Detached Sales in November 2013 reached 926 – up 47.2% compared to November 2012’s 629.
  • Detached Benchmark price was up 1.1 per cent from November 2012 to settle at $924,800.

Apartment

  • Apartment sales reached 969 in November 2013 – up 29.2% compared to November 2012
  • Apartment Benchmark price increased by 0.8 per cent to $367,800

Attached

  • Attached sales in November 2013 totalled 426 – up 38.8% compared to November 2012
  • benchmark price was up 0.8% to $458,000

What’s the Trend?

According to the REBGV it is ‘steady’.

Full Report Here

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

SeeSaw Says:
December 3rd, 2013 at 9:03 pm

Buy now or be priced out forever, just because renting is way cheaper, your always better being a homeower, to the banklords.

Comment On This Post

will not be published
http://www.yourwebsite.com