Metro Vancouver - The "Q" Report
Metro Vancouver October year-to-date real estate sales continued to trend downward, falling 31.3% from this time last year. The number of overall listings available for sale in October has increased slightly. With a wide range of homes available for sale and moderating prices, thereʼs been a definite shift to a buyersʼ market.
Detached
4.7% from October 2007, to an average benchmark price of $695,962. The number of detached homes sold October year-to-date fell by 34.2% from last year, while listings were up 5.9% over last October.
Prices of Metro Vancouver townhouses fell by 1.4% in the past twelve months, coming in at $448,152 in October 2008. The number of townhouses sold October year-todate fell by 31.0%. Inventory levels increased slightly this October over last.
Metro Vancouver condominium prices were down 3.5% from October of last year. With prices averaging $358,359, October year-to-date sales were down 28.8% from last year. The October inventory of ondominiums available for sale was down 3.8%.
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