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The British Columbia Real Estate Association (BCREA) reports that 7,272 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, down 16.7 per cent from the same month last year. Total sales dollar volume was $4.4 billion in October, down 24.2 per cent compared to the previous year. The average MLS® residential price in the province was $606,787, a decline of 9.1 per cent compared to the same month last year.

 

"Housing demand remained mixed across the province in October," said Cameron Muir, BCREA Chief Economist. "Home sales across the Lower Mainland were down from the elevated levels of one year ago, but stabilized on a month to month basis. In contrast, home sales on Vancouver Island and in the interior of the province continue to post strong year-over-year gains."

 

"The decline in the average residential price reflects a smaller proportion of transactions in the province originating in Vancouver," added Muir. Home sales through the Real Estate Board of Greater Vancouver fell to 31.4 percent of BC transactions last month, compared to 42.6 per cent a year ago.

 

Year-to-date, BC residential sales dollar volume increased 27.4 per cent to $70.4 billion, when compared with the same period in 2015. Residential unit sales climbed by 15 per cent to 101,069 units, while the average MLS® residential price was up 10.8 per cent to $696,992.

 

If you are thinking about buying or selling a home contact us for reliable and quality service. 

www.theazizgroup.com

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The Aziz Group specializes in Condo Real Estate and Investment Properties through out the Vancouver area.  Our team's experience and marketing strategies ensure the sale of your property in a timely manner and for the best price.  Our team of experts vast knowledge of the Vancouver real estate market will guide you to finding your next dream home or investment property.

 

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The Aziz Group is led by the founder, Eniz Aziz, an award winning realtor in Vancouver.  The Aziz Group combines the expertise of multiple professionals including mortgage brokers, property managers, and publiscists to provide our clients with extensive real estate services.

 

The Aziz Group believes relationships and knowledge are the keys to success. The Aziz Group is a member of the Real Estate Board of Greater Vancouver .  We also have strong relationships with several local real estate developers.  We have built a sound strategy for market research and real estate forecasting for the Vancouver market.  We provide our investors the most up to date stats and insight for making comprehensive decisions when purchasing an investment property.

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