Balwinder Parhar - Realtor Greater Vancouver
Real Estate Professional - Provides Services in Vancouver Surrey Delta Richmond Burnaby Area. CLICK to view Properties For Sale and to Get Free Home Evaluation.
In the month of November, the supply of homes for sale continues to decline across Metro Vancouver.
The Real Estate Board of Greater Vancouver recorded that residential home sales in the area totaled 3,428 in November 2021, which shows 11.9 per cent increase from the 3,064 sales reported in November 2020, and a 1.9 % decrease from the 3,494 homes sold in October 2021.
November sales were 33.6 above the 10-year same month sales average.
The MLS® Home Price Index combined benchmark price for all residential properties in Metro Vancouver is currently $1,211,200. This represents a 16 per cent increase compare to last year for the month of November and a one per cent increase compared to last month.
Detached homes Sales in the month of November 2021 recorded at 987, a 7 % decrease from the 1,061 detached sales recorded in November 2020.
The benchmark price for a detached home is $1,870,000. This represents a 20.8 per cent increase from November 2020 and a 1.1 per cent increase compared to October 2021.
Increased Housing demand for Fraser Valley real estate continued in November, with the Board recording the region’s second-highest volume of sales of all property types for the month of November.
Real Estate Board reported 1,972 sales of all property types on its Multiple Listing Service®, which shows a decrease of 9.2% compared to the 2,173 sales in same month last year.
Fraser Valley real estate Board Listed 2,096 new listings in November 2021, which indicates a 4.2 % decrease compared to October 2021 and a decrease of 5.5 % compared to the 2,217 new listings recorded in November 2020.
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