{"id":4351,"date":"2016-12-15T08:06:38","date_gmt":"2016-12-15T16:06:38","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=4351"},"modified":"2016-12-15T08:06:47","modified_gmt":"2016-12-15T16:06:47","slug":"bc-home-sales-trend-toward-ten-year-average","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/12\/bc-home-sales-trend-toward-ten-year-average\/","title":{"rendered":"BC Home Sales Trend Toward Ten-Year Average"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 December 15, 2016. The British Columbia Real Estate Association (BCREA) reports that 6,419 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in November, down 20.1% from the same month last year. Total sales dollar volume was $4.02 billion in November, a decline of 25.2% compared to the previous year. The average MLS\u00ae residential price in the province was $625,871, a decline of 6.4% compared to the same month last year.<\/p>\n<p style=\"text-align: justify;\">\u201cModerating consumer demand in the province&#8217;s largest population centres continues to trend home sales toward the ten-year average,&#8221; said Cameron Muir, BCREA Chief Economist. The seasonally adjusted annual rate of MLS\u00ae residential sales was approximately 89,000 units last month. The ten-year average is 83,000 unit sales, while the 15-year average is 85,300 unit sales.<\/p>\n<p style=\"text-align: justify;\">\u201cA relatively higher number of transactions outside of the Lower Mainland is largely responsible for pulling the provincial average MLS\u00ae price lower,&#8221; added Muir.<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume increased 22.8% to $74.5 billion, when compared with the same period in 2015. Residential unit sales climbed by 12.1% to 107,488 units, while the average MLS\u00ae residential price was up 9.6% to $692,745.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4352\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-300x169.jpg\" alt=\"bcrea\" width=\"520\" height=\"293\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-300x169.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-768x432.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-420x236.jpg 420w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-310x174.jpg 310w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea-630x354.jpg 630w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/12\/bcrea.jpg 800w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2016\/2016-11.pdf\" target=\"_blank\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 December 15, 2016. The British Columbia Real Estate Association (BCREA) reports that 6,419 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in November, down &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/12\/bc-home-sales-trend-toward-ten-year-average\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4351","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BC Home Sales Trend Toward Ten-Year Average &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/12\/bc-home-sales-trend-toward-ten-year-average\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BC Home Sales Trend Toward Ten-Year Average &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 December 15, 2016. 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