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Greater Vancouver residential property sale and listing activity below 10-year averages in November

News Release Provided by The Real Estate Board of Greater Vancouver (REBGV)

Vancouver, B.C. – December 4, 2012

" Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012. November sales were 30.3 per cent below the 10-year November sales average of 2,420.

 “Home sellers appear more inclined to remove their properties from the market today rather than lower prices to sell their properties. On the other hand, buyers appear to be expecting prices to moderate,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 2,758 in November. This represents a 14.4 per cent decline compared to November 2011 when 3,222 properties were listed for sale on the MLS® and a 36.2 per cent decline compared to the 4,323 new listings in October 2012. New listings were 12.9 per cent below the 10-year November average of 3,168. At 15,689, the total number of residential property listings on the MLS® increased 13 per cent from this time last year and declined 9.7 per cent compared to October 2012. Total listings in the
region have declined by nearly 3,000 properties since reaching a peak of 18,493 in June. The region’s sales-to-active-listings ratio was unchanged from October at 11 per cent.

“Home prices in Greater Vancouver have generally declined between three and five and a half per cent, depending on property type, since reaching a peak six months ago,” Klein said.

“Changes in home prices vary per municipality and neighbourhood. It’s good to check local market statistics with your REALTOR®.” Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 4.5 per cent to $596,900. This represents a 1.7 per cent decline when we compared to this time last year. Sales of detached properties in Greater Vancouver reached 629 in November, a decrease of 31.3 per cent from the 916 detached sales recorded in November 2011, and a 40.1 per cent decrease from the 1,050 units sold in November 2010. Since reaching a peak in May, the benchmark price
for a detached property in Greater Vancouver has declined 5.5 per cent to $914,500. Sales of apartment properties reached 750 in November 2012, a 25 per cent decrease compared to the 1,000 sales in November 2011, and a decrease of 28.7 per cent compared to the 1,052 sales in November 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 3.9 per cent to $364,900. Attached property sales in November 2012 totalled 307, a 30.9 per cent decrease compared to the 444 sales in November 2011, and a 24.6 per cent decrease from the 407 attached properties sold in November 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 3.6 per cent to $454,300.

Feature Facts:
• Of the 15,689 homes currently for sale on the MLS® in Greater Vancouver, 49.6 per cent
are listed for $600,000 or less. Of those, 1,321 are detached properties, 5,039 are
condominiums and 1,419 are townhomes.
• Of the 1,686 homes that sold in Greater Vancouver in November, 273 (16%) sold for $1
million or more.
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The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in
the Board's area, generating $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential
sales transacted through the MLS® system in Greater Vancouver totalled $25 billion in 2011. The Real Estate Board
of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The
Board provides a variety of member services, including the Multiple Listing Service®. For more information on real
estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org "

For the Full Stat Package please Click Here

For more information please contact:

Craig Munn, Assistant Manager of Communication
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146
cmunn@rebgv.org
The Real Estate Board of Greater Vancouver (REBGV) Ashley Nielsen - Prudential Realty - Vancouver Real Estate -
大温哥华住宅物业销售和低于10年的平均水平在11月上市活动

新闻发布提供大温哥华地产局(REBGV)

温哥华,不列颠哥伦比亚省 - 2012年12月4日

“在过去六个月中,大温哥华地区的房地产市场已经出现了在上市出售的房屋数量减少,逐渐放缓,住房价格和物业销售减少,与历史平均水平相比,大温哥华地产局( REBGV)报告,住宅物业销售的超脱,附加和公寓物业达到1,686该地区的多重上市服务®(MLS®)十一月,一个28.6%,下降的2,360销售在2011年11月相比,和12.7%下降相比,到1931家销售在2012年10月,11月份的销量分别为30.3%,低于10年的11月销售均价2,420。

“首页卖家似乎更倾向于今天从市场中移除它们的属性,而不是较低的价格出售他们的财产。”另一方面,购房者预期价格,中度,“欧根·克莱因,REBGV总裁说。

新上市的大温哥华地区的独立,附加和公寓物业总额2,758在11月。这代表了14.4%的下降相比,2011年11月上市销售3,222物业在MLS®和4,323新上市公司在2012年10月相比,下降36.2%。新上市的分别为12.9%,低于10年11月平均3,168。在15,689 MLS®住宅房源,总人数增加了13%,从去年的这个时候,下降9.7%相比,2012年10月。共发布
地区以来已经下降了近3000性能达到高峰在6月的18,493。该地区的销售活跃的上市比例为10月持平为11%。

“大温哥华地区的住宅价格普遍下降三至五年,百分之一点五,根据物业类型,因为达到了一个高峰期在6个月前,”克莱因说。

“住房价格的变化而有所不同,市和附近。这是很好的检查REALTOR®的本地市场统计数据。“自从五月625100美元达到高峰后,MLS®房屋价格指数复合基准价格大温哥华地区的所有住宅物业下降4.5%596900美元的。这表示当我们去年这个时候相比,下降1.7%。在大温哥华独立屋的销售达到了11月份的629,从916分离的销售记录2011年11月减少31.3%,40.1%和下降从2010年11月售出1,050个单位。由于5月,基准价格达到了顶峰
在大温哥华一种超然的属性下降了5.5%,914500美元。公寓物业的销售额达到了750在2012年11月,25%的跌幅相比,2011年11月的1000名销售,减少了28.7%,相比2010年11月的1,052销售。在大温哥华的公寓式酒店达到一个高峰,5月以来,基准价格下跌3.9%,至364900美元。附加属性2012年11月的销售总额为307,相比2011年11月的444个销售减少30.9%,和24.6%的下降,从2010年11月出售407附加属性。达到一个高峰,4月以来,在大温哥华附加属性的基准价格下降3.6%454300美元。

特征事实:
目前在售的15,689家MLS®大温哥华地区,49.6%
上市60万美元或更少。其中,1321顷独立屋,5039顷
公寓和1419顷联排别墅。
•出售11月在大温哥华地区的1686家,273(16%)以1美元出售
万美元以上。
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在不列颠哥伦比亚省的房地产行业是一个重要的经济驱动。在2011年,32,390家所有权变更
董事会的地区,$ 13.6十亿在分拆活动和9,069个工作机会。住宅的总价值
在2011年,通过MLS®系统在大温哥华地区的销售交易总额达25亿美元。房产局
大温哥华是一个协会,代表超过11,000名房地产经纪人®和他们的公司。
主板提供了各种各样的会员服务,包括多重上市服务®。欲了解更多真实的信息
房地产,统计和家庭购买或出售,请联系当地的房地产经纪人®,或访问www.rebgv.org“

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