Derrick Penner
Sun
Another hot month of sales in B.C.’s coastal real estate markets pushed
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provincial real estate sales to their busiest November since 2005, the B.C. Real Estate Association reported Wednesday.
The province saw 7,182 sales cleared through the realtor-controlled Multiple Listing Service, a 165-per-cent increase from the same month a year ago, a period in which sales went into free-fall during the world financial crisis.
The biggest sales gains remained in Metro Vancouver, where sales were up 252 per cent in November from the same month a year ago, and the Fraser Valley, where sales were up 192 per cent. The average home price in November topped $482,300, a 22-percent increase over November 2008.
Other markets saw greater than 100-per-cent gains in November sales, including Chilliwack, Victoria, Vancouver Island, Kamloops and the Okanagan region that includes Kelowna.
B.C.’s overall 2009 real estate sales are outpacing 2008.
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