winter dish: greater vancouver trends

‘Tis the season when even luckycat girls turn their thoughts away from real estate (gasp!) towards all things glitter and everything glam. But admit it. You’ve been as curious about the winter real estate market as you’ve been about that tiny blue box you found in that hidden spot.

You’d never peek… in the box. But a quick look at the latest market numbers for Greater Vancouver never hurt anyone. In November 2007, total Greater Vancouver residential sales reached 2,883 units, an increase of 22.2% compared to 2,358 sales the same month last year. Property listings also jumped up from November 2006, hitting 3,377 active listings at the end of last month, compared to just 3,168 for the same period last year. According to Multiple Listings Services (MLS) data for Greater Vancouver, November 2007 sales of:

• apartments: were up 21.5% to 1,276 sales, compared to 1,050 in November 2006
• attached units: were up 33.7% to 540 sales, compared to 404 in November 2006
• detached units: were up 18% to 1,067 sales, compared to 904 in November 2006

plus, benchmark prices for Greater Vancouver in November (calculated by the MLSLink® Housing Price Index) were up for:

• apartments: at $374,393, up 13.6% from one year ago
• attached units: at $455,332, up 11% from a year ago
• detached units: at $729,011, up 12.6 % from last year

Visit luckycatrealestate.com for more on real estate in Greater Vancouver, or realtylink.org for the Real Estate Board of Greater Vancouver's full report.

*This representation is based in part by data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.