Market News for November Greater Vancouver Real Estate

November 2011  SALES  were down by 5.9% form November 2010, but up 1.9% from October 2011

NEW LISTINGS were fewer by 26.4% from last month, but up  6.3% from November 2010

The total number of properties currently listed is 9% less than is was in October 2011, but 13% more than a year ago.

 The peak of the price index was in June of 2011, and this November our prices are 1.4% below  that mark  but we are still showing an increase in prices of 7.2% from November 2010 in all residential housing in Greater Vancouver.


In more detail, houses decreased in sales by 12.8% from one year ago in November, but the price went up by 11.4% during that same time.


Apartment sales decreased by 4.9% from one year ago in November, but prices also went up by 2.7% during that same time.


Townhouse sales were a bit different, they did increase by 9.1% from November 2010 and also their prices went up by 4.5% during the same time.


In a nutshell,  fewer properties were sold during November 2011 than in November of 2010, but the prices overall have gone up.     


Call me if you want more specific details on YOUR neighbourhood!  

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