Yes. Once again, another excellent week in the Vancouver real estate market. The trends in Vancouver home sales that we have seen establishing themselves over the last couple of months show no signs of abating.
New Listings – Vancouver
New Listings fell for the first time in a month (-14.11%). The previous week they hit 404 but this past week New Listings fell to 347.
Home Sales – Vancouver
Sales fell. Slightly. Very slightly (-0.32%). They went from 311 to 310. This is hardly a change worth mentioning.
Sell/List Ratio – Vancouver
The Sell/List ratio rose strongly (+12.36) to 89.34% from 76.98%. This change was the result of sales remaining at a high level while new listings dropped this past week.
Price Change – Vancouver
I find it interesting to take a look at the Price Changes right now. I think that fewer price changes show that a market has strength. At the moment, we are seeing some of the lowest numbers of price changes in well over a year.
Active Listings – Vancouver
This number continues to surprise me. Active Listings continue to drop in Vancouver (-1.19%) down to 3582 from 3625. This is another new annual low. Incredible.
The Bottom Line
This past week we finally saw Sales taper off after about a month of steady increases. It would make life easier on buyers in the market right now if we saw a larger influx of new listings. However, sellers are benefitting from this low inventory.
This market really is the best time there has been to sell in over a year. At the same time, the low interest rates combined with lower prices makes this a very attractive time to buy.
Weekly Vancouver MLS Real Estate Stats - June 15th - 21st 2009
Please Donate
On June 22nd, 2009 I broke the record for the most ascents of the Grouse Grind for charity. The Royal LePage Shelter Foundation is an incredible organization which is there to help women and children suffering from domestic abuse. Of every dollar donated, 100% goes directly to those in need (Royal LePage covers all administrative costs of the charity).
Donate to the Royal LePage Shelter Foundation
More Info on Vancouver Real Estate
If you’d like to learn more about the Vancouver real estate market generally you can check out this page.
Are you thinking of buying or selling, or just have questions then you can contact me here or send me a quick email.
Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Vancouver Real Estate Update - June 21st 2009 – Volumes Increasing”
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Related posts:
- Weekly Vancouver Real Estate Update – September 7th 2009 – Inventory finally increasing
- Weekly Vancouver Real Estate Update – August 31st 2009 – Sales Slide but Inventory at Record Low
- Weekly Vancouver Real Estate Update – September 21st 2009 – Fall is Here
- Weekly Vancouver Real Estate Update – September 14th 2009 – Sales Rebound, Inventory Still Rising
- Weekly Vancouver Real Estate Update – October 12th 2009 – Thanksgiving Week Still Strong
