PROVIDING WORLD CLASS REAL ESTATE SERVICES TO  NATIONAL AND INTERNATIONAL CLIENTELE FOR OVER A DECADE. 

 

LATEST STATISTICS FROM THE R.E.B.G.V.

The housing market slowed dramatically in Greater Vancouver last month, with the number of existing homes sold falling by 70 per cent from the year before.

Last month, 874 resale homes were sold through the Multiple Listing Service (MLS), compared with 2,883 sales in November, 2007, according to information released yesterday by the Real Estate Board of Greater Vancouver (REBGV).

The benchmark price declined by 13 per cent from May to November, from $568,411 to $495,704.

For the 11 months ended in November, prices have fallen by 8.3 per cent. In the past three years, prices are up by 20 per cent, and they are up by 60 per cent over the past five years.

Welcome to the Vancouver Market Watch Daily Video Show where we strive to provide a little entertainment and lots of valuable information.  Each show is approx. 2-4 mins in length.

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Please email tom at 'tom@thinktom.com' for any comments, questions or ideas for the show.  We'd LOVE to hear what you have to say.

PLEASE NOTE STATISTICS FOR OUR SHOW ARE FOR ALL AREAS OF VANCOUVER WEST, EAST AND DOWNTOWN.  THEY DO NOT INCLUDE WEST VANCOUVER.