Blog by Mike Sjokvist | Real Estate Advisor

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November Stats for Greater Vancouver

Steady trends continue in the Greater Vancouver housing market  

Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver reports that residential property sales in Greater Vancouver reached 2,321 on the MLS® in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012. Last month’s sales were 1.2 per cent below the 10-year sales average for the month.

Nov2013.jpgThe sales-to-active-listings ratio currently sits at 16.6 per cent in Greater Vancouver, which indicates a balanced market.  (15-20% indicates balanced conditions, while a ratio below 14% a buyer's market, and above 21% a seller's market).  The sales-to-active-listings ratio has remained in balanced territory for the past ten months.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $603,000. This represents a 1 per cent increase compared to November 2012 ...

 
For the complete November Sales Stats click here : REBGVStats_2013_11.pdf.

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