Wednesday, November 2, 2011 Greater Vancouver at Lower End of Balanced Housing MarketCategories:Buranby Real Estate,Burnaby House Prices,Burnaby Real Estate,House Price Index,HPI,Sales Statistics,Vancouver Real Estate
November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.
“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”
To View House Price Index HPI Charts, Click Here. Wednesday, March 2, 2011 Overall Stability with Strong Growth in Richmond and Vancouver WestsideCategories:Buranby Real Estate,House Price Index,HPI,Market Conditions,Sales Statistics,Vancouver Real Estate March 02, 2011 Through February we have seen the number of listings increasing significantly, making for better selection for buyers. Richmond and Vancouver's Westside continue to show the strongest buyer demand, and also the strongest increases in pricing, while Port Moody continues to show some decline. Other areas are quite flat in their values, but we are now about to come into the busier spring market.
To view basic House Price Index graphs for regions of Greater Vancouver, CLICK HERE. Categories: apartments | Buranby Real Estate | Burnaby House Prices | Burnaby Real Estate | House Price Index | HPI | Market Conditions | Sales Statistics | strata | townhomes | Vancouver Real Estate |
Jordy Brisbin - REALTOR® | ||||||||
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