In The Real Estate Board of Greater Vancouver's latest report, President Ray Harris, said, "This is traditionally a time of year with low inventory, so it's a good time to list your home for sale if you want to face less competition in the market place."
We agree! Buyer demand is strong, and with inventory levels pacing well below last year, quality product will sell extremely fast.
Here are some of the November 2014 Real Estate Sales highlights:
- We saw an 8.4% increase in overall residential property sales compared to November 2013, with detached single family homes performing 9.3% higher than November 2013 and 60..9% higher than November 2012
- Sales were 6.9% above the 10-year-sales-average for November
- 5.7% increase in the MLS ® Home Price Index composite benchmark price for all residential properties in Metro Vancouver, while detached single family homes grew by 7.9%
- Home prices across the region have experienced steady gains in 2014, 3%-7% depending on property type
Read your full report here:
If you have any questions on how to capitalize on the Winter real estate trends, don't hesitate to call! 604.644.3634
Warmest wishes for the holiday season.