VANCOUVER - Real estate sales rose in communities across the Lower Mainland in November, with Metro Vancouver approaching a level not seen since 2005.
The Real Estate Board of Greater Vancouver, which covers Metro Vancouver, and the Sea-to-Sky region, saw 2,883 Multiple-Listing-Service-registered sales, a 22-per-cent increase from November, 2006, and just slightly below 200.
Most of those sales, 1,816 were condominiums or townhouses.
"Affordability is a key question," Brian Naphtali, the Vancouver real-estate board's president said in a news release.
The so-called benchmark price for a typical Metro Vancouver detached home hit $729,011, an increase of 12.6 per cent from the same month last year.
In the Fraser Valley, November MLS sales rose 11 per cent to 1,327 units, with an average house price of $511,176.
Fraser Valley Real Estate Board president Jim McCaughan, in a news release, said he believes that the rise in sales has something to do with rising levels of inventory that realtors are also seeing.
"We've had strong demand in the Fraser Valley for essentially the last five years," McCaughan said, "however we haven't always had as broad a selection of product."
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source: canada.com
No comments:
Post a Comment