author Call/Text Patrick: (250) 486-2529

20% Price Rise does not bode well for dreams of affordable housing

October Average sale price up almost 20%

October Sales almost 20% higher than same time last year

October Dollar volume up almost 50%

LACK OF SUPPLY:

“A lack of supply in the resale market continues to put upward pressure on home prices in most BC regions.” BCREA Economist Cameron Muir

Vancouver, BC – November 14, 2017The British Columbia Real Estate Association (BCREA) reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same period last year. Total sales dollar volume was $6.25 billion, up 41.6 per cent from October 2016. The average MLS® residential price in the province was $720,129, up 18.7 per cent from October 2016

For further information on how to sell: 250 486 2529

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Patrick Murphy

My knowledge of Real Estate combined with my local upbringing here has enabled me to do what I love, where I love to live! This has rounded out my vision for a positive lifestyle combination of family, faith and small town living in Summerland.

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