Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale.
The Real Estate Board of Greater Vancouver reports that residential property sales in Metro Vancouver last month were 36.2 per cent above the 10-year sales average for the month. The above graph clearly shows that not only is this a seller's market, but a strong one at that! The market is extremely favourable for anyone looking to sell their home in the near future.
The Real Estate Board of Greater Vancouver reports that residential property sales in Metro Vancouver last month were 36.2 per cent above the 10-year sales average for the month. The above graph clearly shows that not only is this a seller's market, but a strong one at that! The market is extremely favourable for anyone looking to sell their home in the near future.
The North Vancouver market specifically has demonstrated a 42% increase in the number of detached homes sold over October 2014. The dollar amount that these properties sold for has also seen a substantial increase of approximately 34%.
The city of West Vancouver has seen an astounding 62% increase in the number of detached homes sold over October of last year!
If you are interested in a certain city, or type of dwelling, and how it is trending in the current market, I would love to provide you with the specifics.
Warmly,
Kate