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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%



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

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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.