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
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Related posts:
- Weekly Vancouver Real Estate Update – November 30th 2009 – Holiday Resilience
- Weekly Vancouver Real Estate Update – October 19th 2009 – New Listings Drop While Sales Hold
- Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect
- Weekly Vancouver Real Estate Update – November 23rd 2009 – The Holiday Wall Approaches
- Weekly Vancouver Real Estate Update – November 9th 2009 – Short Week Slows Market
