Search Properties... Search properties by area Advanced property search Search by MLS number Search properties by map Search properties by address Search last seven days listings Search last forty eight hours listings

Call Tanya
(604) 807-6039

*indicates required fields.
Please list address(es) or MLS Number(s) of homes you would like to view:*
What day and time are the most convenient to you: :*
Your name:*
Your email:*
Your tel. number:*
Please type the text as it appears above:

Greater Vancouver Real Estate Market - November 2012

 

Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages. 


Home sellers appear more inclined to remove their properties from the market today rather than lower prices to sell their properties. On the other hand, buyers appear to be expecting prices to moderate.


November sales were 30.3% below the 10-year November sales average.


New listings were 12.9% below the 10-year November average. 


The region's sales-to-active-listings ratio was unchanged from October at 11%. 


Home prices in Greater Vancouver have generally declined between three and five and a half per cent, depending on property type, since reaching a peak six months ago. 


Since reaching a peak in May of $625,100, the MLS Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 4.5% to $569,900. This represents a 1.7% decline when we compared to this time last year. 

 

October Sales: 

 

Detached Properties (Houses) 

Average Days on Market: 63

Average Sale Price / Asking Price 94%

 

Townhouses

Average Days on Market: 66

Average Sale Price / Asking Price 96%

 

Condos / Apartments

Average Days on Market: 59

Average Sale Price / Asking Price 96%

 

 

Benchmark Price for properties in Greater Vancouver (Estimated sale price for a typical property)  - November  2012

 House -  $914,500    Townhouses - $454,300    Condo - $364,900



Greater Vancouver Real Estate Market 

 

Click here to download Greater Vancouver Price Trends by Areas And Sub-Areas

 

Click here to download statistics for real estate market of Fraser Valley

 

 

 

 

 

 

Real Estate Prices Greater Vancouver

Click here to enlarge Residential Average Sale Price Graph

 

Greater Vancouver Market Update

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:

 

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.