{"id":8819,"date":"2014-12-02T15:05:55","date_gmt":"2014-12-02T23:05:55","guid":{"rendered":"https:\/\/www.garbuttdumas.ca\/?p=8819"},"modified":"2014-12-02T15:05:55","modified_gmt":"2014-12-02T23:05:55","slug":"november-2014-market-update","status":"publish","type":"post","link":"https:\/\/www.garbuttdumas.ca\/2014\/12\/02\/november-2014-market-update\/","title":{"rendered":"November 2014 Market Update"},"content":{"rendered":"<h3 style=\"text-align: center;\">Metro Vancouver home sales remain strong.<\/h3>\n<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the <dfn title=\"A system for relaying information to REALTORS\u00ae about properties for sale. \">Multiple Listing Service\u00ae (MLS\u00ae)<\/dfn> in November 2014. This represents an 8.4 per cent increase compared to the 2,321 sales in November 2013, and a 17.7 per cent decline compared to the 3,057 sales in October 2014.<br \/>\nLast month\u2019s sales were 6.9 per cent above the 10-year sales average for November.<br \/>\n\u201cIt\u2019s been a more active fall than we typically see in the Metro Vancouver housing market,\u201d Ray Harris, REBGV president said. \u201cHome prices across the region have experienced steady gains in 2014 of between three and seven per cent depending on property type.\u201d<br \/>\nNew listings for detached, attached and apartment properties in Metro Vancouver* totalled 3,016 in November. This represents a 7.1 per cent decrease compared to the 3,245 new listings in November 2013 and a 32.8 per cent decline from the 4,487 new listings in October.<br \/>\nThe total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 12,553, a 10.2 per cent decline compared to November 2013 and a 9.4 per cent decrease compared to October 2014.<br \/>\n\u201cThis is traditionally a low inventory time of year, so it\u2019s a good time to list your home for sale if you want to face less competition in the marketplace,\u201d Harris said.<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" frameborder=\"0\" src=\"\/\/www.youtube.com\/embed\/W_mCxdUq7qA\"><\/iframe><br \/>\nThe MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,300. This represents a 5.7 cent increase compared to November 2013.<br \/>\nSales of detached properties in November 2014 reached 1,012, an increase of 9.3 per cent from the 926 detached sales recorded in November 2013, and a 60.9 per cent increase from the 629 units sold in November 2012. The benchmark price for detached properties increased 7.9 per cent from November 2013 to $997,800.<br \/>\nSales of apartment properties reached 1,052 in November 2014, an increase of 8.6 per cent compared to the 969 sales in November 2013, and a 40.3 per cent increase compared to the 750 sales in November 2012. The benchmark price of an apartment property increased 3.2 per cent from November 2013 to $379,500.<br \/>\nAttached property sales in November 2014 totalled 452, a 6.1 per cent increase compared to the 426 sales in November 2013, and a 47.2 per cent increase over the 307 attached properties sold in November 2012. The benchmark price of an attached unit increased 4.8 per cent between November 2013 and 2014 to $480,200.<br \/>\n<a title=\"Full News Article\" href=\"http:\/\/www.rebgv.org\/news-statistics\/metro-vancouver-home-sales-remain-strong\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Full Article<\/a><br \/>\n<a title=\"Full Stats Package\" href=\"http:\/\/www.rebgv.org\/sites\/default\/files\/REBGV%20Stats%20Package%2C%20November%202014.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Full Stats Package<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Vancouver home sales remain strong. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 2,516 on the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[91,141,211,273,296,313,315,318,428,536,626,629,643,655,798],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"General Announcements"}],"post_tag":[{"value":91,"label":"BC Real Estate"},{"value":141,"label":"burnaby realtor"},{"value":211,"label":"coquitlam real estate"},{"value":273,"label":"Featured"},{"value":296,"label":"Garbutt+Dumas Real Estate"},{"value":313,"label":"Greater Vancouver Homes for Sale"},{"value":315,"label":"Greater Vancouver Realtor"},{"value":318,"label":"Greater Vancouver Top1% Realtors"},{"value":428,"label":"Market Update"},{"value":536,"label":"new westminster realtor"},{"value":626,"label":"real estate"},{"value":629,"label":"Real Estate Board of Greater Vancouver"},{"value":643,"label":"realtor"},{"value":655,"label":"REBGV Stats"},{"value":798,"label":"vancouver real estate"}]},"featured_image_src_large":false,"author_info":{"display_name":"James Garbutt","author_link":"https:\/\/www.garbuttdumas.ca\/author\/james\/"},"comment_info":0,"category_info":[{"term_id":1,"name":"General Announcements","slug":"general","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":146,"filter":"raw","cat_ID":1,"category_count":146,"category_description":"","cat_name":"General Announcements","category_nicename":"general","category_parent":0}],"tag_info":[{"term_id":91,"name":"BC Real Estate","slug":"bc-real-estate","term_group":0,"term_taxonomy_id":91,"taxonomy":"post_tag","description":"","parent":0,"count":24,"filter":"raw"},{"term_id":141,"name":"burnaby realtor","slug":"burnaby-realtor","term_group":0,"term_taxonomy_id":141,"taxonomy":"post_tag","description":"","parent":0,"count":217,"filter":"raw"},{"term_id":211,"name":"coquitlam real estate","slug":"coquitlam-real-estate","term_group":0,"term_taxonomy_id":211,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"},{"term_id":273,"name":"Featured","slug":"featured","term_group":0,"term_taxonomy_id":273,"taxonomy":"post_tag","description":"","parent":0,"count":99,"filter":"raw"},{"term_id":296,"name":"Garbutt+Dumas Real Estate","slug":"garbuttdumas-real-estate","term_group":0,"term_taxonomy_id":296,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":313,"name":"Greater Vancouver Homes for Sale","slug":"greater-vancouver-homes-for-sale","term_group":0,"term_taxonomy_id":313,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":315,"name":"Greater Vancouver Realtor","slug":"greater-vancouver-realtor","term_group":0,"term_taxonomy_id":315,"taxonomy":"post_tag","description":"","parent":0,"count":24,"filter":"raw"},{"term_id":318,"name":"Greater Vancouver Top1% Realtors","slug":"greater-vancouver-top1-realtors","term_group":0,"term_taxonomy_id":318,"taxonomy":"post_tag","description":"","parent":0,"count":57,"filter":"raw"},{"term_id":428,"name":"Market Update","slug":"market-update","term_group":0,"term_taxonomy_id":428,"taxonomy":"post_tag","description":"","parent":0,"count":61,"filter":"raw"},{"term_id":536,"name":"new westminster realtor","slug":"new-westminster-realtor","term_group":0,"term_taxonomy_id":536,"taxonomy":"post_tag","description":"","parent":0,"count":268,"filter":"raw"},{"term_id":626,"name":"real estate","slug":"real-estate","term_group":0,"term_taxonomy_id":626,"taxonomy":"post_tag","description":"","parent":0,"count":343,"filter":"raw"},{"term_id":629,"name":"Real Estate Board of Greater Vancouver","slug":"real-estate-board-of-greater-vancouver","term_group":0,"term_taxonomy_id":629,"taxonomy":"post_tag","description":"","parent":0,"count":32,"filter":"raw"},{"term_id":643,"name":"realtor","slug":"realtor","term_group":0,"term_taxonomy_id":643,"taxonomy":"post_tag","description":"","parent":0,"count":334,"filter":"raw"},{"term_id":655,"name":"REBGV Stats","slug":"rebgv-stats","term_group":0,"term_taxonomy_id":655,"taxonomy":"post_tag","description":"","parent":0,"count":24,"filter":"raw"},{"term_id":798,"name":"vancouver real estate","slug":"vancouver-real-estate","term_group":0,"term_taxonomy_id":798,"taxonomy":"post_tag","description":"","parent":0,"count":297,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/8819"}],"collection":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/comments?post=8819"}],"version-history":[{"count":0,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/8819\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/media?parent=8819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/categories?post=8819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/tags?post=8819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}