Real Estate Stats for Nov - FVREB

Great Choice and stable conditions month to month

Our November stats summary: 
All Fraser Valley• Steady demand for homes, sales typically slow by 9% Oct to Nov but this year only slowed by 2%
• November sales up 3% from November 2010
• Listings have decreased leaving 5% less homes to choose from

• Condo prices are down only slightly year over year
• Townhomes and Detached homes number of sales show positive gains and prices remain stable compared to October
• Benchmark price for detached homes in all Fraser Valley is $532,086 UP +5.4% from November 2010

North Delta• Number of Sales comparable to November 2010
• Active Listings down -4.6% from October
• Benchmark price is $538,747, down -2.3% from October but up 7,8% from $499,693 November 2010.

Having purchased a house at the benchmark price a year ago, you would have an equity gain of over $38,000!

Benchmark definition example:

DETACHED HOUSE, NORTH DELTA: 6,970 sq.ft. lot, 65 ft. frontage, 2,208 sq.ft.floor area, 9 rooms, 2 bathroom(s), 133 sq. ft. kitchen, 1 covered parking stall(s), 2 fireplace(s), 24 years old, 2% new. FVREB

* All FVREB Benchmark price = $532,086  3 year change +13.8% , 5 year change +15.1%

Full FVREB report