Photo: Sharif Sharifi/Flickr
Vancouver area home sales rose 37.7 per cent in November compared to the same month last year. (Tweet this stat)
According to the Real Estate Board of Greater Vancouver (REBGV), a total of 2,321 homes were sold last month compared to 1,686 in November 2012. But with the region recovering from a sales slump, last month’s total was still 1.2 per cent below the 10-year average and 12.8 per cent lower than October’s number.
“We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year,” REBGV president Sandra Wyant 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.”
Indeed, the benchmark sale price for all residential properties in Greater Vancouver now sits at $603,000, a one per cent increase compared to November 2012. (Tweet this stat)
That being said, Greater Vancouver is comprised of many unique housing markets and the data varies considerably between each. Here are a few notable numbers from the latest REBGV data:
- The benchmark price of a detached home on Vancouver’s West Side is $2,095,500, a 0.4% gain from last month and up 3.3% over the last 12 months
- On the East Side of Vancouver proper, the benchmark price of a detached home is $855,900, up 0.6% from October 2013
- Maple Ridge remains one of the region’s most affordable housing markets, with a benchmark price of $384,900 for all housing types
- The average price of a Whistler condo is only $190,500, a 48.9% drop from 2008
All the statistics can be seen here.