| | Sunday, November 15, 2009 Real Estate Market Extends Through 2010by Karrie Brennan on Sun, Nov, 15, 2009 09:52 PM British Columbia Real Estate Association (BCREA) Releases Fall 2009 Housing Forecast
BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per cent to 89,600 units. The ten-year average is 82,800 units.
"A sharp rebound in consumer demand turned a potentially dismal year into a very strong year for home sales,” said Cameron Muir, BCREA Chief Economist. “Vancouver and Victoria, in particular, are posting near record unit sales this fall."
The average annual MLS® residential price in the province is expected to post a new record this year, rising 2 per cent to $463,200 and is forecast to climb an additional 4 per cent to $482,800 in 2010.
“Recovery in the BC economy will unfold gradually next year,” added Muir. “With sales prices in some markets flirting with record highs, affordability constraints will limit home price inflation over the next year.” Posted by the BCREA New Room
Tuesday, November 10, 2009 Cowichan Valley Home Sales for the Month of Octoberby Karrie Brennan on Tue, Nov, 10, 2009 10:30 PM
Cowichan Valley (Single Family)
Home Sales for the month of October, 2009
LD - Ladysmith: Sales 12 Avg Sale Price $285,098
SA - Saltair: Sales 3 Avg Sale Price $436,833
CH - Chemainus: Sales 3 Avg Sale Price $314,667
CF - Crofton: Sales 2 Avg Sale Price $270,000
LC - Lake Cow: Sales 2 Avg Sale Price $297,500
CI - Cowichan,
Cobble Hill: Sales 4 Avg Sale Price $356,000
DU - Duncan: Sales 39 Avg Sale Price $367,033
MI - Mill Bay: Sales 3 Avg Sale Price $551,667
SH - Shawnigan: Sales 3 Avg Sale Price $394,167
TOTALS:
Cowichan Valley - October, 2009
Property Type
Single Family: 71 $357,556
Condo (Apt): 8 $151,612
Condo (Patio): 4 $255,250
Condo (Townhouse): 12 $237,588
Single Family (Water): 4 $465,000
Lots: 10 $155, 590
Average sale price does not include Waterfront.
Copyright © 2009 Vancouver Island Real Estate Board. All rights reserved. Information presented here is for general interest only. No guarantees apply.
See your REALTOR® for specific information. Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real
estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®). |
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