November 2011 SALES were down by 5.9% form November 2010, but up 1.9% from October 2011
NEW LISTINGS were fewer by 26.4% from last month, but up 6.3% from November 2010
The total number of properties currently listed is 9% less than is was in October 2011, but 13% more than a year ago.
The peak of the price index was in June of 2011, and this November our prices are 1.4% below that mark but we are still showing an increase in prices of 7.2% from November 2010 in all residential housing in Greater Vancouver.
In more detail, houses decreased in sales by 12.8% from one year ago in November, but the price went up by 11.4% during that same time.
Apartment sales decreased by 4.9% from one year ago in November, but prices also went up by 2.7% during that same time.
Townhouse sales were a bit different, they did increase by 9.1% from November 2010 and also their prices went up by 4.5% during the same time.
In a nutshell, fewer properties were sold during November 2011 than in November of 2010, but the prices overall have gone up.
Call me if you want more specific details on YOUR neighbourhood!