Happy Holidays!
November saw another strange month of market activity. At the end of November, prices at the low end spiked with multiple offers again being submitted. The higher range of the market continues to normalize. Only time will tell which trend is the market direction. Likely we will also see some market effects over the next 6-8 months as President-Elect Trump takes office.
Attached below is the November market update numbers.
|
|
2 Bedroom |
1 Bedroom |
||||||
|
|
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
|
Woodwards |
3 |
$1,169 |
1 |
$945 |
5 |
$913 |
3 |
$845 |
|
Downtown |
313 |
$1,196 |
56 |
$1,028 |
299 |
$996 |
66 |
$907 |
|
Coal Harbour |
28 |
$1,385 |
2 |
$1,320 |
27 |
$1,164 |
3 |
$954 |
We have also included the Real Estate Board statistics which show that prices are roughly the same although as expected with the recent government changes, the activity is lower both month-over-month and compared to last year.
I would be happy to discuss your long and short term real estate strategies with you. Call or email me today!
.
Regards,
Kim
E&OE
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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