If you been following our blog, or the news, its no surprise that homes sales reached near record levels last month. Metro Vancouver's November 2015 residential real estate sales rank as the second hghest November on record. While the sales-to-listing ratio is the highest it's been in this market for nine years.
Here are some of the hightlights:
=We saw a 40% increase in residential property sales in November 2015 compared to November 2014
=November 2015's sales were 46.2% above the 10-year sales average for the month
=The November sales-to-active-listings ratio was 43.5% for all Metro Vancouver
=The November sales-to-active listings ratio for North Vancouver detached properties was 80%
=The November sales-to-active listings ratio for North Vancouver condos & townhouses was 70.5%
=The November sales-to-active listings ratio for West Vancouver detached properties was 23.8%
=The November sales-to-active listings ratio for Coal Harbour condos was 39.5%
=Sales of detached properties in November 2015 were 31.9% higher than November 2014 and 44.2% higher than November 2013
=Sales of apartment properties in November 2015 were 47.6% higher than November 2014 and 60.3% higher than November 2013
=Sales of attached properties in November 2015 were 40.7% higher than November 2014 and 49.3% higher than November 2013
In our markets comparing November 2015 to November 2014:
=We saw 36.9% more sales of detached properties in North Vancouver with 45% less inventory
=We saw 50.5% more sales of attached properties in North Vancouver with 48% less inventory
=We saw 32% more sales of detached properties in West Vancouver with 12.5% less inventory
Click here for your full report: REBGV Metro Vancouver November 2015 Residential Sales
If you would like to more about specific micro markets, neighbourhoods, or have any question on how to captialize on the current trends, we'd love to talk to you! 604.644.3634
Dodi and Rachael
*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta
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.