Major Cities Report
Steady – Real Estate Market in Victoria Continues as 2014 Sales Surpass 2013 Numbers
465 properties sold in the Victoria region this November, an increase of 12.9% when compared to the 412 properties sold in November last year. The Multiple Listing ServiceÂ® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $482,300. This month the benchmark value increased 1.4% to $489,000.
Metro Vancouver Home Sales Remain Strong
Last monthâ€™s sales were 6.9% above the 10-year sales average for November. Sales of detached properties in November 2014 reached 1,012, an increase of 9.3% from the 926 detached sales recorded in November 2013, and a 60.9% increase from the 629 units sold in November 2012. The benchmark price for detached properties increased 7.9% from November 2013 to $997,800.
Price Growth Slows in Calgary
Calgaryâ€™s residential resale housing market posted relatively strong November activity reaching 1,782 units, a 3% increase over the previous year, and nearly 13% above long term averages. November also showed easing growth in single-family unadjusted benchmark prices, totaling $511,300 in Novemberâ€”an 8.7% increase over the previous year.
Strong Year in Real Estate Coming to a Close
Mother Nature has made her mark and announced that winter is upon us. With the freeze comes the natural seasonal cooling of the market. There were no surprises in month-end Multiple Listing ServiceÂ® sales figures for November released by the REALTORSÂ® Association of Edmonton today. The all-residential average sales price of $381,371 was up 4.3% from last month and up 9.9% from last November. Single family detached homes sold on average for $442,884 which is 3.76% higher than October and up substantially from last yearâ€™s $406,587. Condominium average price ($255,167) was down 2% month-over-month (from $260,491) but up 5.3% from a year ago (from $242,371).
Sales & Price Growth Continue in November
The average selling price for November transactions was up by 7.4% year-over-year to $577,936. The year-to-date average price was up by 8.4% to $567,198. The MLS(R) Home Price Index Composite Benchmark price for November was up by 7.7% compared to a year earlier.