Scott Clarke - Personal Real Estate Corporation
Sutton Group - 1st West Realty
118-3030 Lincoln Ave., Coquitlam, British Columbia
P: 604-942-7211
F: 604-461-8873
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Thursday, November 12, 2009 - High sales levels spur rise in home values

Wednesday, November 4, 2009

VANCOUVER – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.

"While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008," Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. "We’re coming off several months of unseasonably high sales levels, which has allowed for a gradual increase in home values this year,"

The REBGV reports that residential...

More at:
http://www.rebgv.org/news-statistics/high-sales-levels-spur-rise-home-values
posted in WINNER at Thu, 12 Nov 2009 15:37:01 -0800



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