Over the past two weeks I’ve noticed a definite shift in the Vancouver real estate market. It was not yet evident in the market statistics for the previous week, but it’s showing itself this week for sure.
Buyers have come out in full force in the past couple of weeks. Whether it’s an early start to the seasonally strong Spring market, or the result of people feeling that lowered prices and historically low interest rates make Vancouver real estate affordable once more, the result is the same.
New Listings moderated this past week. We fell from the high of 376 (which was the peak since October of last year) down to 292 (-22.34%). Meanwhile, Sales took a big jump up to 147 from 118 (+24.58%). This is the highest number of sales that we’ve seen in a single week since I began recording these stats in July, 2008.
With Listings down and Sales up the Sell/List ratio rocketed up to 50.34% (+18.96). That’s the highest number we’ve seen this year. Meanwhile, Active Listings remained relatively flat (+0.54%) to 4250 from 4227.
Vancouver MLS Real Estate Stats - Feb 9th - 15th, 2009
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Copyright © 2009 Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Weekly Update – Vancouver Real Estate MLS Statistics February 9th - February 15th 2009”
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Related posts:
- Weekly Update – Vancouver Real Estate MLS Statistics March 9th – March 15th 2009
- Weekly Update – Vancouver Real Estate MLS Statistics March 2nd – March 8th 2009
- Weekly Update – Vancouver Real Estate MLS Statistics April 13th – April 19th 2009
- Weekly Vancouver Real Estate Update – June 21st 2009 – Inventory Dropping
- Weekly Update – Vancouver Real Estate MLS Statistics April 6th – April 12th 2009
