Vancouver Real Estate Statistics: November 2008
Well, as you may have heard, the numbers were not good last month with sales activity (units sold) down about 70% over last November. Prices were also down, with almost all areas (except detached homes in Squamish, the Sunshine Coast and a 0.6% increase in Pitt Meadows) of the Real Estate Board of Greater Vancouver showing year over year declines.
Inventory did decrease 4.7% over October 2008, while 10.8% less homes were listed this November than were listed last November.
You can read the whole report from the Real Estate Board here.
For information on the effect of the change in the real estate market in you area contact me anytime.