November Market Update

(November 30, 2012 )

"Economic growth is forecast to be slightly stronger in 2013 than in 2012, reflecting increased non-residential investment and consumer spending partly offset by a weaker global outlook. Domestic factors in British Columbia, including population growth and continued low mortgage interest rates, remain supportive of the housing market."
source: CMHC.ca

Market Update - solds in the last 90 days

Downtown - 337 attached homes at an average price of $555,000 or $696/sq ft and 56 days on the market (DOM).

Fairview - 58 attached homes sold at an average price of $535,000 or $571/sq ft and an average 48 DOM.

Vancouver East - 174 attached homes sold at an average price of $435,000 or $470/sq ft and an average of 41 DOM.

Vancouver West - 210 detached homes sold at an average price of $2.23mill and an average of 50 DOM.

North Vancouver - 118 detached homes sold at an average price of $1.12mill and an average of 43 DOM.

West Vancouver - 54 detached homes sold at an average price of $2.2mill and an average of 54 DOM.

Kitsilano - 16 detached homes sold at an average price of $2.71mill and an average of 42 DOM.

Market stats based on MLS system. 

blog comments powered by Disqus