A healthy spring market has certainly returned to Vancouver real estate. The first signs began to appear in early February, and by the middle of the month it was clear that we were seeing a much stronger market than in the past few months.
This past week could be seen as the strongest week of the year for Vancouver. New Listings were up to 368 (+16.46%). However, Sales were up even stronger to 183 (+30.71%). The result is that the Sell/List Ratio rose to an impressive 49.73% (+5.42).
At the same time there was a big spike in the number of removed listings this past week. Of course, this is attributable to the fact that the end of the month fell within that time period. What we saw was All Removed Listings rising to 355 (+190.98%). The largest portion of this was the Expired Listings which were up to 268 (+605.26%).
Together, these numbers drove the number of Active Listings down significantly. At 4097 (-4.81%), the Active Listings are now on par with where they were at the very beginning of the year.
Weekly Vancouver MLS Real Estate Stats - February 16th - 22nd, 2009
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Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Weekly Update – Vancouver Real Estate MLS Statistics February 23rd - March 1st 2009”
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Related posts:
- Weekly Vancouver Real Estate Update – November 23rd 2009 – The Holiday Wall Approaches
- Weekly Vancouver Real Estate Update – September 7th 2009 – Inventory finally increasing
- Weekly Vancouver Real Estate Update – September 28th 2009 – Holding Steady
- Weekly Vancouver Real Estate Update – September 14th 2009 – Sales Rebound, Inventory Still Rising
- Weekly Vancouver Real Estate Update – November 2nd 2009 – Strong Market Continues
