Faye Erbe | 778-883-2984

Market News for November Greater Vancouver Real Estate

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!  

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.