Real Estate in Victoria is often compared with Vancouver Real Estate. Many people do not realize how far apart the two cities are; about 160 km, and even how different the climate is. A fellow Real Estate Agent in Vancouver, Matthew Collinge have posted the stats for Vancouver on his Blog. Let’s have a look at what he has to say:
Vancouver Real Estate Statistics for November 2007
The Real Estate Board of Greater Vancouver has just released the statistics from November. November this year was significantly busier than last year with 2,883 units sold in 2007, an increase of 22.2 per cent compared to 2,358 sales in November 2006 . Of course last year was horrendous for the weather and I really think that had significant impact on the activity.
“The housing market continues to be strong,??? says REBGV president Brian Naphtali. “November figures show strong growth compared to last year, are basically on par with figures from 2005, and are 16 per cent higher than the same period in 2004.
“Affordability is a key question,??? Naphtali says. “Our data indicates that about 60 per cent of residential homes purchased in November were multi-family, which includes condos and townhomes. The benchmark price for a condo in Greater Vancouver is about $375,000. However, there are units available for considerably less than this price. For example, the benchmark for condos in Port Coquitlam in November was $243,624; in Maple Ridge, $254,703; and in Coquitlam, $283,830.???
You can contact Matthew Collinge through his office Royal LePage Westside or through his website
If you have any comments or thoughts on the above, just drop us a note below. If you have questions about Victoria Real Estate in general, you can contact us anytime.
Anders Treiberg, Associate Broker, REALTOR®
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