Metro Vancouver home sales above average in October 2014
The Real Estate Board of Greater Vancouver
According to the Real Estate Board of Greater Vancouver (REBGV) last month’s sales were 16.6 per cent above the 10-year sales average for October.
“Detached homes continue to increase in price more than condominium and townhome properties. This is largely a function of supply and demand as the supply of condominium and townhome properties are more abundant than detached homes in our region,” said REBGV president Ray Harris
- The benchmark price for detached properties increased 7.9% from October 2013 to $995,100.
- The benchmark price of an apartment property increased 4% from October 2013 to $380,200.
- The benchmark price of an attached unit increased 4.7% between October 2013 and 2014 to $479,500.