Video Blog- November 2016 Metro Vancouver Real Estate Stats

The latest batch of government statistics adds more evidence to suggest the 15% tax on foreign buyers is having a significant effect on the level of non-Canadian purchasers in the market.

The market speed for Metro Vancouver is 22% which officially makes it a seller’s market.

 

Reasons why:

SALES- Total sales last month were 1,134, which is 44% less year over year & 2% less month over month.

SALES PRICE- The median sale price was $1.21 million which is a 14% increase over this time last year and a 1% increase over the previous month.

FIND OUT YOUR MARKET SPEED– Learn the official market speed in your neighbourhood and price point by requesting a free Metro Vancouver snap stats report from us!

ACTIVE LISTINGS– There were 5,110 active listings last month which is a 6% increase over this time last year and a 1% increase month over month.

DAYS ON THE MARKET– A property was on the market for 19 days before selling which is 27% more than one year ago and 12% more than the previous month.

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About Tina Heidari

Tina Heidari has written 56 post in this blog.