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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, November 19, 2017

BC home sales up 19% in a year

Home sales in British Columbia reached 8,677 in October, more than 19% higher than the same month of 2016.

British Columbia Real Estate Association says that total sales dollar volume was up 41.6% year-over-year to $6.25 billion while the average MLS price gained 18.7% to $720,129.

"BC home sales trended higher in October, up 23% from January on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "A lack of supply in the resale market continues to put upward pressure on home prices in most BC regions."

Inventory was down more than 5% year-over-year to 27,987 units. That’s a decline of 49% over the last 5 years.

The ratio of home sales to active listings was up from 24.7% in October 2016 to 31% last month, well outside of the 12-20% range that is considered balanced in the province.

MBN

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