Market Statistics - November 2016

(December 02, 2016 , posted in Market)

  


November sales for single family homes were again below the 10-year average as sellers took the time to adjust to the new reality of patient buyers. The average time on the market for single-family homes has risen by 12 days in the last month. Condos and townhouses continue to sell at a brisk pace and there is a slight increase in the days on the market since last month.

The holiday season should bring a slight slowdown to the number of properties being transacted as sellers either hold off on listing their properties or take their property off the market until the end of the season. Be prepared for a higher drop in the benchmark values for December as the sellers that have to sell consider lower offers than an average seller would.

Included below are the latest statistics for real estate in the REBGV (Real Estate Board of Greater Vancouver) and FVREB (Fraser Valley Real Estate Board) areas. You will find a clickable link to each area below which will open up as a separate PDF file.

Click on the links in red below for the statistics package for your area:
(The links each take a few seconds to open as they are files stored on my Google Drive.) 

BURNABY/NEW WEST  Burnaby East   Burnaby North   Burnaby South   New Westminster    

TRI-CITIES  Coquitlam   Port Coquitlam   Port Moody     

VANCOUVER  Metro Vancouver   Vancouver East   Vancouver West

NORTH SHORE  North Vancouver   West Vancouver    
  
SOUTH FRASER/RICHMOND  Ladner   Tsawwassen   Richmond     

RIDGE MEADOWS   Pitt Meadows   Maple Ridge      

UP THE COAST/ISLAND  Bowen Island   Squamish   Sunshine Coast   Whistler

Here are the full statistic packages:
Fraser Valley (which includes Surrey, North Surrey, South Surrey/White Rock, Cloverdale, Delta, Langley, Abbotsford, Chilliwack, and Mission.)

Below is a link to a graph showing the rise in prices in the Lower Mainland just for resale properties (no new homes) over the last year. This link is live so it will update when the new statistics come in each month. LINK to the live graph

Please feel free to contact us if you would like specific information for your sub-area or if you would like a market evaluation of the value of your home.