Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of June 22nd, 2008 – June 28th, 2008 for my market area of Vancouver East and Vancouver West.

Comparing the numbers week-to-week, there is a significant decrease in new listings (-10.05%), another small increase in sales (+1.09%) and while not a huge change we do finally see a drop in the active listings (-1.98%):

New Listings: 418 (-10.05%)
Avg List Price: $824,409 (-2.18%)
New Detached: 141 (-4.26%)
New Attached: 277 (-13%)

Sales: 184 (+1.09%)
Avg Sale List Price: $773,098 (-4.33%)
Avg Sale Sell Price: $718,571 (-8.4%)
Avg Difference: 7.59% (-4.04)
Avg DOM for Sale: 38.92 (+1.1 days)

Sell/List Ratio: 44.02% (+3.98)

Price Changes: 327 (+6.86%)
Avg New List Price: $857,627 (+4.49%)
Avg Old List Price: 898,633 (+4.95%)
Avg Difference: -4.78% (-0.45)
Avg DOM for Price Change: 51.08 (+6.13 days)

Active Listings: 5194 (-1.98%)

Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside

This entry was posted on Wednesday, July 2nd, 2008 at 6:55 pm and is filed under Statistics, Weekly Update. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.