BC Housing Sales Almost Unchanged

property for sale vancouver - 3The fall of 2011 showed basically an unchanged rate in single family homes for sale compared to the previous year.  According to the British Columbia Real Estate Association, November of 2011 looked a good deal the same as November of 2010.

Across the province a total of 5640 units were sold during the month.  The year prior, a total of 5647 units went.

The price likewise stayed pretty stable with a slight rise of 1.1 percent.  During November 2011 the average price was $529,140.

During the course of the year 2011 BC Housing sales gained ground.  Though the year started somewhat slower, during and after the summer months sales began to rise.  By the fall, numbers were near equal those of the previous year encouraging many for the real estates firms to sell your house fast if they have it listed.

The continued low interest rates to be had on mortgages have kept the housing market alive.  Vancouver realtors agree that the affordability of mortgage rates has remained an important aspect of the demand for homes and condos for sale Vancouver.

Residential sales volume increased 15.5 percent from the previous year.  2011 saw a 41 billion dollar sales volume compared to number from 2010.

The number of actual homes sales increased by just over three percent bringing it to a total of 72,632 units for those interested in buying homes.

Realtors Vancouver and other experts agree that homes for sale Vancouver and condos for sale Vancouver will continue to sell apace.  Property for sale Vancouver continues to be in high demand and Vancouver realtors predict further interest by both domestic and foreign investors.

This entry was posted in BC Real Estate, Buying Real Estate, Vancouver Homes, Vancouver Homes for Sale, Vancouver Housing Market and tagged , , . Bookmark the permalink.

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