Vancouver Real Estate: November Home Sales Up Dramatically, Says Board

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VANCOUVER — Home sales in the Vancouver area posted their second-highest ever November sales as they climbed 40.1 per cent compared with a year ago.

The Real Estate Board of Greater Vancouver says home sales on the Multiple Listing Service in Metro Vancouver totalled 3,524 last month.

That was up from 2,516 a year ago and down slightly from 3,646 in October.

The sales came as the MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver reached $752,500, up 17.8 per cent from a year ago.

The benchmark price for a detached home increased 22.6 per cent from a year ago to $1,226,300, while the benchmark apartment price increased 14 per cent to $435,000.

The benchmark price of an attached unit increased 11.3 per cent to $536,60.

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Source: HP

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