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:
November 2014 Complete REBGV Stats Package
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.
Dodi
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.