Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of June 29th 2008 – July 5th, 2008 for my market area of Vancouver East and Vancouver West.

This past week the numbers were not pretty. New listings dropped hard once again (a good sign, but likely due to the seasonally slower summer market) down by 28.62%. Sales reversed the trend of the previous few weeks and fell sharply by 41.54%. Active listings fell once again, but only very slightly down by 0.19%:

New Listings: 325 (-28.62%)
Avg List Price: $841,089 (-2.02%)
New Detached: 98 (-43.88%)
New Attached: 227 (-22.03%)

Sales: 130 (-41.54%)
Avg Sale List Price: $684,251 (-12.98%)
Avg Sale Sell Price: $664,658 (-8.11%)
Avg Difference: 2.95% (-4.64)
Avg DOM for Sale: 35.16 (-3.76 days)

Sell/List Ratio: 40.00% 44.02% (-4.02)

Price Changes: 234 (-39.74%)
Avg New List Price: $850,971 (-0.78%)
Avg Old List Price: $893,306 (-0.60%)
Avg Difference: -4.98% (-0.20)
Avg DOM for Price Change: 54.86 (-3.78 days)

Active Listings: 5184 (-0.19%)

Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside

This entry was posted on Tuesday, July 8th, 2008 at 7:40 am 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.