Mike & Erik Rasmussen

"Professional Real Estate Service"

Mike 604.805.2086

Erik 604.782.3255

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the Multiple Listing Service® (MLS®) in November 2014. This represents an 8.4 per cent increase compared to the 2,321 sales in November 2013.

Last month’s sales were 6.9 per cent above the 10-year sales average for November.

Home prices across the region have experienced steady gains in 2014 of between three and seven per cent depending on property type.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,553, a 10.2 per cent decline compared to November 2013 and a 9.4 per cent decrease compared to October 2014.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,300. This represents a 5.7 cent increase compared to November 2013.

Sales of detached properties in November 2014 reached 1,012, an increase of 9.3 per cent from the 926 detached sales recorded in November 2013, and a 60.9 per cent increase from the 629 units sold in November 2012. The benchmark price for detached properties increased 7.9 per cent from November 2013 to $997,800.

Sales of apartment properties reached 1,052 in November 2014, an increase of 8.6 per cent compared to the 969 sales in November 2013, and a 40.3 per cent increase compared to the 750 sales in November 2012. The benchmark price of an apartment property increased 3.2 per cent from November 2013 to $379,500.

Attached property sales in November 2014 totalled 452, a 6.1 per cent increase compared to the 426 sales in November 2013, and a 47.2 per cent increase over the 307 attached properties sold in November 2012. The benchmark price of an attached unit increased 4.8 per cent between November 2013 and 2014 to $480,200.

Post CommentComments: 0Read Full Story
I have listed a new property at 409 3075 PRIMROSE LANE in Coquitlam.
TOP FLOOR - with AMAZING VAULTED CEILINGS - Awesome Location - That is if you like living by parks, shopping, Douglas College, Town Centre and nature! This is a premium one bedroom home that has been freshly painted, has a gas fireplace,real maple hardwood floors and 21 ft vaulted ceilings. Walk-in pantry with stacking laundry, open kitchen, cheater ensuite with stand alone shower. Overlooks quiet courtyard & fountain. Private fitness centre, indoor glass enclosed pool, swirlpool and sauna and beautiful lagoon setting compliment this home. SHOWS GREAT - Move in ready!! Secured parking and storage included. STRATA FEES include gas, hot water & full gym/recreation facility.
Read Full Story