Vancouver Real Estate Blog - Vancouver Realtor » Weekly Update

Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect

Sebastian — Thu, 17 Dec 2009 18:48:56 +0000

Weekly Vancouver MLS Real Estate Statistics - December 7th 2009

The strength of the Vancouver real estate market abated slightly this past week. However, given the time of year it is still surprisingly strong.

New Listings – Vancouver

New Listings rose (+1.67%) ever so slightly this week. For just the 2nd time in 10 weeks we had New Listings up. They went from 240 the week before to 244 this past week.

Home Sales – Vancouver

For the 3rd time in the last 8 weeks Sales fell (-11.86%). Sales of Vancouver real estate went from 253 down to 223.

Sell/List Ratio – Vancouver

With New Listings rising and Sales dropping, the Sell/List Ratio dropped for the 1st time in 4 weeks. The Sell/List Ratio fell (+14.02) to 91.39% from 105.42%.

Price Change – Vancouver

Price changes fell (-4.55%) to 84 from 88 in the previous week.

Active Listings – Vancouver

For the seventh week in a row the number of Active Listings dropped. Active Listings fell (-2.09%) to 2861 from 2922. This is the lowest number of listings that have been active since I began recording these numbers weekly in July 2008.

The Bottom Line

The Vancouver real estate market is seeing a seasonal slowdown. However, for this time of year the market remains very strong. Buyers are still making a significant number of purchases…and the number of Active Listings is at a record low.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver Real Estate Statistics in the Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Real Estate with Royal LePage Westside ”Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect”

Weekly Vancouver Real Estate Update – November 30th 2009 – Holiday Resilience

Sebastian — Wed, 09 Dec 2009 21:04:18 +0000

Weekly Vancouver MLS Real Estate Statistics - November 30th 2009

The market is definitely winding down as we head into the holiday season. However, there is still surprising strength in the numbers. Listings fell but Sales were up strongly resulting in a very healthy Sell/List ratio.

New Listings – Vancouver

Once again New Listings saw a decline this past week (-9.09%). We saw 240 New Listings this past week compared to 264 previously. That is now 8 of 9 weeks that the number of New Listings has fallen.

Home Sales – Vancouver

For the 5th time in the last 7 weeks Sales rose (+16.59%). We saw Sales of Vancouver homes go from just 217 in the previous week to 253 this week.

Sell/List Ratio – Vancouver

With New Listings declining and Sales rising significantly, the Sell/List Ratio rose for the 3rd week in a row. The Sell/List Ratio rose (+23.22) to 105.42% from 82.2%.

Price Change – Vancouver

Price changes fell (-14.56%) to 88 from 103 in the previous week.

Active Listings – Vancouver

For the sixth week in a row the number of Active Listings fell. Active Listings dropped (-5.74%) to 2922 from 3100.

The Bottom Line

While we are seeing the market slowdown towards the holidays, it is still surprising how many buyers are active in this market. There are few options (with declining New Listings and Active Listings) so buyers are struggling to find homes that suit them.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Weekly Vancouver Real Estate Update – November 23rd 2009 – The Holiday Wall Approaches

Sebastian — Mon, 30 Nov 2009 19:50:09 +0000

Weekly Vancouver Real Estate Statistics - Nov 23rd, 2009

I think that we can safely say we’re approaching the Holiday Wall. The volume of activity in the market is way down. Both Listings and Sales took a big hit this past week. However, the Sell/List ratio was up strongly and the number of Active Listings fell for the fifth straight week.

New Listings – Vancouver

Last week appears to have been an anomaly. After six week of falling numbers of New Listings, the previous week saw a big jump. However, last week saw a return to a decline in this number. We were down (-30.16%) to 264 from 378.

Home Sales – Vancouver

For just the second time in the last six weeks we saw the number of Sales decline. This past week saw the number fall (-19.93%) from 271 down to 217.

Sell/List Ratio – Vancouver

Since we saw a bigger drop in the number of New Listings than Sales, the Sell/List Ratio had a decent bump. The Sell/List Ratio rose (+10.5) to 82.2% from 71.69%.

Price Change – Vancouver

Price changes rose (+15.73%) to 103 from 89 in the previous week.

Active Listings – Vancouver

For the fifth week in a row the number of Active Listings declined. Active Listings fell (-1.24%) to 3100 from 3139.

The Bottom Line

I’ve been surprised (as has everyone else) at the strength of the Vancouver real estate market this year. However, I do think that we are finally approaching the Holiday Wall as this weeks numbers showed considerable declines in volumes.

While volumes are down, the pressure is still upward on prices as the Sell/List Ratio remains high.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Weekly Vancouver Real Estate Update – November 16th 2009 – Market Strength Continues

Sebastian — Fri, 27 Nov 2009 21:01:01 +0000

Weekly Vancouver MLS Real Estate Statistics - November 16th 2009

After a week that was slowed due to a statutory holiday (Rememberance Day) the Vancouver real estate market picked up again substantially. Both New Listings and Sales jumped significantly but this did not translate into swelling numbers of Listings.

New Listings – Vancouver

The trend of fewer listings shifted this week. After two straight weeks, New Listings rose for the first time…and they did so substantially (+37.45%). From 275 in the previous week they reached 378 this past week.

Home Sales – Vancouver

For the fourth time in the last five weeks the number of Sales rose. Sales went from just 223 to 271 this week (+21.52%).

Sell/List Ratio – Vancouver

The Sell/List ratio dropped once again (-9.4). It fell from 81.09% to 71.69%.

Price Change – Vancouver

Price changes fell (-19.82%) to 89 from 111 in the previous week.

Active Listings – Vancouver

For the fourth week in a row the number of Active Listings dropped. Active Listings fell (-0.63%) to 3139 from 3159.

The Bottom Line

This was yet another strong week in the Vancouver real estate market. We had a big spike in New Listings as well as in the number of Sales. At the same time Active Listings continued to drop. This combination is likely to continue to put upward pressure on prices.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Vancouver Real Estate Update – November 16th 2009 – Market Strength Continues”

Weekly Vancouver Real Estate Update – November 9th 2009 – Short Week Slows Market

Sebastian — Thu, 19 Nov 2009 22:51:41 +0000

Weekly Vancouver MLS Real Estate Statistics - November 9th 2009

This past week saw the Vancouver real market slow substantially. New Listings and Sales both fell significantly while there was also a slight decrease in the Active Listings. Much of the decrease, I believe can be attributed to the fact that Rememberance Day fell in the middle of the week.

New Listings – Vancouver

For the second straight week the number of New Listings dropped (and the fifth time in the last seven weeks). There were 299 New Listings in the previous week and that dropped to 275 this past week (-8.03%).

Home Sales – Vancouver

For just the second time in the last five weeks Sales fell. Sales dropped(-22.57%) to 223 from 288.

Sell/List Ratio – Vancouver

The Sell/List ratio fell from the high of the previous week. It fell (-15.23) to81.09% from 96.32%.

Price Change – Vancouver

Price changes fell (-1.77%) to 111 from 113 in the previous week.

Active Listings – Vancouver

For the third week in a row the number of Active Listings dropped. Active Listings fell (-0.75%) to 3159 from 3183.

The Bottom Line

Despite a drop in Sales and New Listings, the week was still relatively strong. The Sell/List ratio remained high and above 80%. Meanwhile the Active Listings continued their drop. I suspect that they next few weeks will likely still be strong.

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate market generally you can check out this page. You can view daily real estate updates by following Sebastian on Twitter, or keeping an eye on Sebastian’s Vancouver real estate statistics page (daily vancouver real estate statistics, weekly vancouver real estate statistics, monthly vancouver real estate statistics).

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Weekly Vancouver Real Estate Update – November 2nd 2009 – Strong Market Continues

Sebastian — Thu, 12 Nov 2009 19:58:12 +0000

Weekly Vancouver Real Estate Statistics - November 2nd 2009

The strength in the Vancouver real estate market doesn’t appear to want to fade away this fall. Even in November we are seeing the Vancouver real estate market continue to defy gravity. Sales continue to be high, new listings are slowing down and the number of active listings in Vancouver is dropping steadily.

New Listings – Vancouver

After a very slight increase in the previous week, the downward trend continued for New Listings (the fourth time in the last six weeks). From 334 in the previous week we fell (+10.48%) to 299.

Home Sales – Vancouver

Now for the fourth time in the last seven weeks Sales rose. Sales increased (+5.11%) to 288 from 274.

Sell/List Ratio – Vancouver

The Sell/List ratio rose once more. It rose (+4.02) to 96.32% from 82.04%. This is the highest level that the Sell/List ratio has reached since early August 2009.

Price Change – Vancouver

Price changes fell (+5.04%) to113 from 119 in the previous week.

Active Listings – Vancouver

This is only the third time in the last nine weeksthat the number of Active Listings dropped. After just a slight increase in the previous week, this last week it fell (-2.42%) to3183 from 3262.

The Bottom Line

Another week has passed and the Vancouver real estate market continues to defy history. There are very few signs of the market slowing down. However, that just can’t continue unabated. We may see a stronger winter than is usual but I suspect the coming weeks will begin to see a seasonal slow down.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – November 2nd 2009 – Strong Market Continues”

Weekly Vancouver Real Estate Update – October 25th 2009 – Market Improves in Strong Week

Sebastian — Wed, 04 Nov 2009 19:58:50 +0000

Weekly Vancouver Real Estate Statistics - October 25th 2009

Wow. What a week in Vancouver real estate. At this time of year we typically see buyer’s begin to disappear as well as new listings while the active listings balloon. Not in this market.

New Listings – Vancouver

For just the second time in the last five weeks New Listings rose. It wasn’t a significant rise (+0.60%) to 334 from 332, but it did rise.

Home Sales – Vancouver

For the third time in the last six weeks Sales rose. Sales rose (+5.79%) to 274 from 259.

Sell/List Ratio – Vancouver

The Sell/List ratio rose yet again. It rose (+4.02) to 82.04% from 78.01%. It is now at it’s highest level since mid-August.

Price Change – Vancouver

Price changes rose (+7.21%) to 119 from 111 the week before.

Active Listings – Vancouver

For just the second time in the last eight weeks the number of Active Listings fell. After just a slight increase in the previous week, this last week it fell (-3.69%) to 3262 from 3387.

The Bottom Line

Just as it began to look as though the market was seeing some seasonal cooling, it heats up again. This last week showed signs of significant activity from buyers. It will be interesting to see how long this lasts into the coming holiday season.

More Info on Vancouver Real Estate

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – October 25th 2009 – Market Improves in Strong Week”

Weekly Vancouver Real Estate Update – October 19th 2009 – New Listings Drop While Sales Hold

Sebastian — Mon, 02 Nov 2009 04:23:31 +0000

Weekly Vancouver Real Estate Statistics - October 19th 2009

While New Listings fell Sales rose this past week in the Vancouver real estate market.

New Listings – Vancouver

For three weeks out of the last four, New Listings fell (after they had risen for four consecutive weeks). New Listings fell (-12.86%) to 332 from 381.

Home Sales – Vancouver

For the second time in the five weeks Sales rose. Sales rose (+1.17%) to 259 from 256.

Sell/List Ratio – Vancouver

The Sell/List ratio rose once more. Having risen (+10.82) to 78.01% from 67.19% it is now at its highest point in the last eight weeks.

Price Change – Vancouver

Price changes fell (-5.13%) to 111 from 117 the week before.

Active Listings – Vancouver

For the sixth time in the last seven weeks the number of Active Listings increased. However, this past week that increase was very slight (+0.18%) to 3387 from 3381.

The Bottom Line

This past week saw New Listings fall while Sales rose slightly. This resulted in the Sell/List ratio rising to its highest level in two months.

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate market generally you can check out this page.

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blogby Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – October 19th 2009 – New Listings Drop While Sales Hold”

Weekly Vancouver Real Estate Update – October 12th 2009 – Thanksgiving Week Still Strong

Sebastian — Thu, 22 Oct 2009 17:32:47 +0000

Weekly Vancouver MLS Statistics – October 12th – 18th 2009

Both new listings and sales tapered off this past week. Could be the start of the traditionally slower fall real estate market?

New Listings – Vancouver

This past week was the second in the last three that New Listings fell (after four straight weeks of increases). New Listings dropped (-23.8%) to 381 from 500.

Home Sales – Vancouver

For the third time in the last four weeks Sales dropped. Sales fell (-18.73%) to 256 from 315.

Sell/List Ratio – Vancouver

The Sell/List ratio actually improved to it’s highest level in the last six weeks. This was a result of New Listings dropping further than the Sales numbers. The Sell/List rose (+4.19) to 67.19% from 63% the week before.

Price Change – Vancouver

Price changes fell slightly (-2.5%) to 117 from 120 the week before.

Active Listings – Vancouver

For the fifth time in the last six weeks the number of Active Listings increased. However, this past week that increase was relatively slight (+0.81%) to 3381 from 3354.

The Bottom Line

This week saw both New Listings and Sales fall off and the number of Active Listings rise. This is typical fall activity for the Vancouver real estate market…although the number of Sales is still relatively high compared to recent years. Considering that this week was a holiday week (Canadian Thanksgiving) these were very strong numbers.

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate market generally you can check out this page.

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blogby Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – October 12th 2009 – Thanksgiving Week Still Strong”

Weekly Vancouver Real Estate Update – October 5th 2009 – No Fall Weakness

Sebastian — Thu, 15 Oct 2009 01:47:01 +0000

: Weekly Vancouver MLS Statistics – October 5th – 11th 2009

There was a spike in both Listings and Sales this past week. The strong months that have come before don’t appear to be going anywhere as the market continue to hold it’s own.

New Listings – Vancouver

After four straight weeks of steady increases in New Listings, the previous week saw a drop. However, this past week did not continue that trend. Instead, we had New Listings spike up +17.92% to 500 from 424 the previous week.

Home Sales – Vancouver

After two weeks of declining Sales, this past week saw a significant increase. There were +17.54% more sales this past week than the one before. We had 315 vs 268.

Sell/List Ratio – Vancouver

There was a large swing in both New Listings as well as Sales. Interestingly, they both increased at the same pace (for the second week in a row) and that meant that the Sell/List Ratio remained relatively flat. It declined (-0.21) to 63% from 63.21%.

Price Change – Vancouver

Price changes rose (+11.11%) to 120 from 108 the week before.

Active Listings – Vancouver

It would appear that the previous week’s slight decline in Active Listings was a head fake and not the beginning of a new trend. This week the number of Active Listings resumed it’s upward trajectory to 3354 from 3243 (+3.42%).

The Bottom Line

The typical fall trend continues. New Listings are rising as is inventory. What is more surprising is how well the number of Sales are holding up. I expect that next week will be particularly weak (having the Thanksgiving Day long weekend in it) but that the strong trend will continue thereafter.

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate market generally you can check out this page.

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blogby Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – October 5th 2009 – No Fall Weakness”