Local home sales rise 37 per cent in November
Posted December 4, 2013 8:42 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Home sales in the greater Vancouver area rose 37.7 per cent in November from a year earlier, according to the city’s real estate board.
Home sales totaled 2,321 units last month, compared with 1,686 in November 2012, the Real Estate Board of Greater Vancouver said in a statement.
Sales were 1.2 per cent below the 10-year average for the month.
Single-detached houses had the biggest sales increase, soaring 47.2 per cent to 926.
Apartment-style condos rose 29.2 per cent to 969.
Prices were little changed. The board’s adjusted “benchmark” price for all categories was $603,000, up one per cent.
“We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year,” Sandra Wyant, REBGV president said. “This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,245 in November. This represents a 17.7 per cent increase compared to the 2,758 new listings reported in November 2012 and a 24.8 per cent decline compared to the 4,315 new listings in October of this year.
