Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of July 6th 2008 – 12th, 2008 for my market area of Vancouver East and Vancouver West.

Once again, the weekly number are not great. There was a big spike in new listings (up 70.15% and definitely not good). Amongst the gloom, however, sales were up again. Continuing the trend that was interrupted last week sales were up 23.85%. The sell/list ratio was down to only 29.11%, definitely well into buyer’s market territory:

New Listings: 553 (+70.15%)
Avg List Price: $916,229 (+8.93%)
New Detached: 177 (+80.61%)
New Attached: 376 (+65.64%)

Sales: 161 (+23.85%)
Avg Sale List Price: $743,506 (+8.66%)
Avg Sale Sell Price: $715,402 (+7.63%)
Avg Difference: 3.93% (+0.98)
Avg DOM for Sale: 42.34 (+7.18 days)

Sell/List Ratio: 29.11% (-10.89)

Price Changes: 350 (-49.57%)
Avg New List Price: $894,180 (-5.08%)
Avg Old List Price: $939,327 (-5.15%)
Avg Difference: -5.05% (-0.07)
Avg DOM for Price Change: 52.92 (-1.94 days)

Active Listings: 5374 5184 (+3.67%)

 Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside

This entry was posted on Tuesday, July 15th, 2008 at 6:09 am and is filed under Statistics, Weekly Update. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.