Weekly Vancouver Real Estate Update – November 2nd 2009 – Strong Market Continues | Vancouver Real Estate Blog

Weekly Vancouver Real Estate Statistics - November 2nd 2009

The strength in the Vancouver real estate market doesn’t appear to want to fade away this fall. Even in November we are seeing the Vancouver real estate market continue to defy gravity. Sales continue to be high, new listings are slowing down and the number of active listings in Vancouver is dropping steadily.

New Listings – Vancouver

After a very slight increase in the previous week, the downward trend continued for New Listings (the fourth time in the last six weeks). From 334 in the previous week we fell (+10.48%) to 299.

Home Sales – Vancouver

Now for the fourth time in the last seven weeks Sales rose. Sales increased (+5.11%) to 288 from 274.

Sell/List Ratio – Vancouver

The Sell/List ratio rose once more. It rose (+4.02) to 96.32% from 82.04%. This is the highest level that the Sell/List ratio has reached since early August 2009.

Price Change – Vancouver

Price changes fell (+5.04%) to113 from 119 in the previous week.

Active Listings – Vancouver

This is only the third time in the last nine weeksthat the number of Active Listings dropped. After just a slight increase in the previous week, this last week it fell (-2.42%) to3183 from 3262.

The Bottom Line

Another week has passed and the Vancouver real estate market continues to defy history. There are very few signs of the market slowing down. However, that just can’t continue unabated. We may see a stronger winter than is usual but I suspect the coming weeks will begin to see a seasonal slow down.

More Info on Vancouver Real Estate

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Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – November 2nd 2009 – Strong Market Continues”