Cool October for Local Home Sales
Posted November 2, 2011 12:24 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Vancouver home sales had their second-slowest October of the past 10 years last month, but prices kept rising.
The Real Estate Board of Greater Vancouver says sales on the MLS system were 2,317 last month; that’s one per cent lower than a year earlier. Listings were more than nine per cent higher.
The industry group’s adjusted average selling price for a home rose 7.5 per cent to $622,955, although it’s 1.3 per cent below the peak reached in June.
Detached houses out-sold apartment-style condos in October, with an 11 per cent price gain to $884,788. The unadjusted average price was $1,162,349.