Weekly Vancouver Real Estate Update – September 28th 2009 – Holding Steady | Vancouver Real Estate Blog

Weekly Vancouver MLS Statistics – September 28th, 2009

We are now one more week into the fall market. It appears as though much of the strength of the summer market has held. Yes, listings are creeping up (thank goodness) but sales are staying very consistent (although dropping slightly).

New Listings – Vancouver

There were four weeks of steady increases in New Listings. This past week was the first to see a drop. We went from 468 the previous week down to 424 this past week. That’s a decline of -9.4%. That’s still good news for buyers as there is a significant amount of new listings still coming onto the market.

Home Sales – Vancouver

For the second week in a row we saw Sales drop this past week. It was a more significant drop than the previous week (when it fell just by one) from 302 to 268 (-11.26%).

Sell/List Ratio – Vancouver

New Listings and Sales both fell in tandem so the Sell/List ratio was once again fairly flat. The Sell/List ratio this past week stood at 63.21% (-1.32).

Price Change – Vancouver

Price changes rose (+36.71%) to 108 from 79 the week before.

Active Listings – Vancouver

After three weeks of rising Active Listings we saw them decline this past week. The decline was slight (-1.13%) moving Active Listings from 3280 to 3243. I expect that this was simply due to the end of the month (where we see many more cancellations and expiries). We should continue to see listings rise in coming weeks.

The Bottom Line

As with the previous week, it appears clear that we’ve entered the typical fall market (for Vancouver). New Listings are still quite high, Sales are falling and Active Listings are flat or on the rise. I expect that in coming weeks we will continue to see Active Listings rise. I am curious to see how the Sales activity holds up.

More Info on Vancouver Real Estate

If you’d like to learn more about the Vancouver real estate market generally you can check out this page.

Considering buying or selling, or maybe you just have questions? Feel free to contact me here or send me a quick email.

Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blogby Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver”Weekly Vancouver Real Estate Update – September 28th 2009 – Holding Steady”