Weekly Update – Vancouver Real Estate Statistics September 8th – 14th | Vancouver Real Estate Blog

Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of September 8th 2008 – September 14th, 2008 for my market area of Vancouver East and Vancouver West.

This was an interesting week. We saw an enormous increase in the new listings (+60.94%). The sales numbers picked back up a bit (+45.57%) after our shortened week last week, but not enough to make up the difference. The result, is that we saw the Sell/List ratio dip once again down to 19.79% (-2.09).

Is there a bright spot that I can find in these Vancouver real estate statistics? Not really, I’m afraid. Even squinting closely at the numbers does me no good. Even Active Listings took a bump up this past week (+4.48%) to 5663.

I had forecast that we should see the Active Listings number begin to drop. Naturally, I was proved wrong this week…but I still have faith in my forecast.

I’ve added a new statistic this week that a few people had requested. It’s Removed Listings. These are all the listings that expired, cancelled or terminated in the previous week.
New Listings: 581 (+60.94%)
Avg List Price: $858,448 (+5.59%)
New Detached: 188 (+89.90%)
New Attached: 393 (+50.00%)

Sales: 115 (+45.57%)
Avg Sale List Price: $663,729 (-7.38%)
Avg Sale Sell Price: $629,199 (-8.18%)
Avg Difference: -5.49% (-0.91)
Avg DOM for Sale: 48.25 (+3.18)

Sell/List Ratio: 19.79% (-2.09)

Price Changes: 312 (+35.65%)
Avg New List Price: $814,939 (-0.96%)
Avg Old List Price: $855,120 (-1.16%)
Avg Difference: 4.93% (-0.22)
Avg DOM for Price Change: 61.23 (-3.62)

Removed Listings: 273 (-36.81%)

Active Listings: 5663 (+4.48%)