Here are the (LATE) weekly statistics for the Real Estate Board of Greater Vancouver in the week of July 13th 2008 – 19th, 2008 for my market area of Vancouver East and Vancouver West.
This past week saw a significant drop in new listings (-20.48%), which is a nice change from last weeks 70.15% rise. Sales dropped ever so slightly down by 4.55%. Our sell/list ratio increased up to 33.55% back into balanced territory…while active listings kept their upward trend rising 2.68% up to 5518.
New Listings: 459 (-20.48%)
Avg List Price: $893,155 (-2.58%)
New Detached: 159 (-11.32%)
New Attached: 300 (-25.33%)
Sales: 154 (-4.55%)
Avg Sale List Price: 639,522 (-16.26%)
Avg Sale Sell Price: 624,656 (-14.53%)
Avg Difference: 2.38% (-1.55)
Avg DOM for Sale: 33.51 (-8.83 days)
Sell/List Ratio: 33.55% (+4.44)
Price Changes: 278 (25.90%)
Avg New List Price: $791,218 (-13.01%)
Avg Old List Price: $825,791 (-13.75%)
Avg Difference: -4.37% (-0.68)
Avg DOM for Price Change: 57.50 (+4.58 days)
Active Listings: 5518 (+2.68%)
Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside
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