Weekly Update – Vancouver Real Estate Statistics November 17th – November 23rd | Vancouver Real Estate Blog

Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of November 17th, 2008 – November 23rd 2008 for my market area of Vancouver East and Vancouver West.

As I mentioned last week, there are some consistent signals that give hope to the market perhaps finding a bit more balance. Of course, many of these signals could also be attributed to a busier fall cycle slowing down as we come into winter. Nevertheless, I think that they are worth noting.

New listings fell dramatically two weeks ago, and fell again strongly this past week where they were down to 210 (-18.29%). That’s by far the lowest number of new listings we’ve seen since I began recording these stats weekly in July 2008 (the previous week was previously the record).

Again, sales numbers were very low at 69 (+4.55%). We are still very close to the lowest numbers we’ve seen since I began reporting these numbers, but the trend is upwards. With the drop in new listings and the slight rise in sales, the Sell/List ratio came up to a relatively solid 32.86% (+7.18).

Removed listings dropped once again this past week to 153 (-20.31%). This is also the lowest number we’ve seen since I began reporting this data. Again, this is continuing to surprise me as I expected these to continue to be high. Nevertheless, total Active Listings fell slightly to 5709 (-0.3%).

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:

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