Weekly Update – Vancouver Real Estate Statistics November 10th – November 16th | Vancouver Real Estate Blog

Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of November 10th, 2008 – November 16th, 2008 for my market area of Vancouver East and Vancouver West.

Maybe there is hope after all. While there was week after week of simply worse results, it looks like some positive signs are beginning to emerge more regularly from my weekly roundup of Vancouver real estate statistics. New listings fell significantly this week to 257 (-27.61%). In fact, that’s the lowest number of new listings we’ve seen since I began recording the numbers in July 2008.

The sales number this past week wasn’t astounding, but it didn’t get any worse. In fact, there was one more sale at 66 (+1.54%) than the previous week. If sales aren’t rising significantly, at least they are holding firm. The result of a drop in new listings and firm sales is that the Sell/List ratio came up to a more respectable 25.68% (+7.37).

Removed listings fell this past week to 192 (-15.79%). I’m a little surprised that this number has dropped so significantly. With so few sales, I was expecting to see this number remain consistently high until active listings dropped off to a more sustainable level. The result for this week is that the active listings in Vancouver rose slightly to 5726 (+0.4%).

More Info on Vancouver Real Estate

Should you want to learn more about the Vancouver real estate market generally you can check out this page. You can also review all of the statistics for Vancouver East and Vancouver West broken down for you here: