Weekly Update – Vancouver Real Estate Statistics October 27th – November 2nd | Vancouver Real Estate Blog

Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of October 27th, 2008 – November 2nd, 2008 for my market area of Vancouver East and Vancouver West.

There were some very positive signs in the Vancouver real estate statistics for this past week. Of note was the New Listing numbers that stayed relatively flat at 333 (+0.60%). The other big positive was that we saw a big bump up in Removed Listings (as we should see at the end of the month) to 534 (+149.53%) but this resulted in the lowest number of Active Listings (5617) we’ve seen since the beginning of September.

On the negative side, Sales were low once again at only 80 (-23.08%). This is only the third time we’ve had Sales dip below 100 since we began publishing these statistics in mid-July. The Sell/List ratio also fell sharply as a result to 24.02% (-7.40). Unfortunately, the gains that we saw in this number last week were shortlived.

Looking at the Removed Listings more closely, I am heartened to see that both Terminated/Cancelled and Expired listings saw a healthy rise. While the Expired listing jump can be attributed entirely to the fact that it was the end of the month, the Terminated/Cancelled listings continuing to rise is very positive. The excess listings that are just not selling are being removed from the market.

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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