The Real Estate Board of Greater Vancouver calls November's residential sales and listing activity "relatively typical" and "firmly in balanced territory." By all accounts it looks like the market's settling down a bit after an "Energizer Bunny" year.
What's Up, What's Down - At a Glance Nov/Oct 2011 Nov: 2011/2010 Overall Sales +1.9% - 5.9% - Detached -5.6% -12.8% - Attached +16.2% +9.1 - Apartment +4.4% -4.9% New Listings -26.3% +6.3% Current Listings -9% +13%
Benchmark prices are higher across the board than last November except for a 0.6% slump in Pitt Meadows and a 6.7% drop on the Sunshine Coast. The overall benchmark price is $622,087, down 1.4% from its June peak of $630,921 but up 7.2% over November 2010:
Detached $890,204, +11.4%
Attached $510,960, +4.5%
Apartment $399,686, +2.7%
You can read the full stats package here.
You can watch the video update here.
