Did the market slow down or are sales still up in November? Here 5 things to know about the Real Estate Market in the Fraser Valley for the month of November 2015:

  1. Supply:  We had 3,713 properties listed thru the month of November which is down -54.5% from this time last year (November 2014) and down -17.0% from last month (October 2015). 
    What this means is.... we have 1.7 months of inventory for detached houses and 3.9 months of inventory for attached homes (condos, townhomes and 1/2 duplex).
  2. Demand: 1,571 properties sold in November which is up +62.1% from this time last year (November 2014) and up +1.6% from last month (October 2015).
  3. Time:  The average time for a detached house to sell was 18.6 days.  For attached homes (condos,…

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At a time when the market usually slows down... sales are still going strong.  Here are 5 things to know about the real estate market in Greater Vancouver from November 2015

  1. Supply:  We had 2,277 properties listed thru the month of November which is down -61.4% from this time last year (November 2014) and down -20.4% from last month (October 2015). 
    What this means is .... we have 1.5 months of inventory for detached houses and 1.8 months of inventory for attached homes (condos, townhomes and 1/2 duplexes).
  2. Demand: 1,260 properties sold in November which is up +42.2% from this time last year (November 2014) and is 2% less (28 sales) than last month (October 2015).
  3. Time:  The average time for a detached house to sell was 12.3 days.  For…

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The Real Estate market is not taking a winter break here in Metro Vancouver... it is still going strong! Here are 5 things that are important to know about the real estate market in Metro Vancouver: 

  1. Supply:  We had 4,041 properties listed thru the month of November which is down -57% from this time last year (November 2014) and down -19.5% from last month (October 2015). 

    Currently we have 2.1 months of inventory for detached houses and 2  months of inventory for attached homes (condos, townhouses and 1/2 duplex).
  2. Demand: 1,941 properties sold in November which is up +38% from this time last year (November 2014) and is only 88 less than October.
  3. Time:  The average time for a detached house to sell was 18.6 days and for attached homes …

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