We appear to be holding firm in the same pattern. The last five to six weeks have been fairly consistent in the Vancouver real estate market. If anything, the last couple weeks have been drifting to the weaker side…but not significantly.
Once again New Listings came down a smidgen (-3.64%) to 344 from 357 the week before. At the same time, there was a drop (-6.88%) in Sales to 149 from 160. This resulted in a slight drop (-1.50) in the Sell/List Ratio to 43.31% from 44.82%.
We saw a significant rise in the value of the homes being sold. The Average Sale Sell Price was up 11.65% to $779,405. This is the highest value we’ve seen since I began recording this number.
To date, the majority of the increased sales have been in the lower priced segment of the market. The most active buyers have been first time home buyers. However, these numbers could indicate that the increased activity is moving to higher priced segments of the Vancouver real estate market.
Active Listings rose for the second week in a row. The slight increase (+2.07%) saw listings rise to 4293 from 4206.
Weekly Vancouver MLS Stats - March 9th - 15th, 2009
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Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Update – Vancouver Real Estate MLS Statistics March 9th - March 15th 2009”
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Related posts:
- Weekly Vancouver Real Estate Update – August 24th 2009 – Supply Drops (again)
- March 2010 Real Estate Board of Greater Vancouver MLS Statistics
- Weekly Vancouver Real Estate Update – September 14th 2009 – Sales Rebound, Inventory Still Rising
- Weekly Vancouver Real Estate Update – August 17th 2009 – Supply Limited
- Weekly Vancouver Real Estate Update – October 12th 2009 – Thanksgiving Week Still Strong
