Nov 2006 4

October sales increase by 8 percent

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Here is the news from the Real Estate Board of Vancouver, B.C. Nov 2, 2006.

"Although sales have decreased by roughly 500 units over this time last year, the average days a residential property stayed on the market in Greater Vancouver remained virtually unchanged at 39 days."

"This past summer, properties were selling 10 days faster on average than they were in 2005, which was our best year on record. For 2006, demand continues to be the primary characteristic of our marketplace."

"We're seeing higher listing activity compared to last year, which may finally relieve some of the pressure on home prices"

You can download the whole Vancouver real estate news release here in PDF format.

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