Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect | Vancouver Real Estate Blog

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Weekly Vancouver MLS Real Estate Statistics - December 7th 2009

The strength of the Vancouver real estate market abated slightly this past week. However, given the time of year it is still surprisingly strong.

New Listings – Vancouver

New Listings rose (+1.67%) ever so slightly this week. For just the 2nd time in 10 weeks we had New Listings up. They went from 240 the week before to 244 this past week.

Home Sales – Vancouver

For the 3rd time in the last 8 weeks Sales fell (-11.86%). Sales of Vancouver real estate went from 253 down to 223.

Sell/List Ratio – Vancouver

With New Listings rising and Sales dropping, the Sell/List Ratio dropped for the 1st time in 4 weeks. The Sell/List Ratio fell (+14.02) to 91.39% from 105.42%.

Price Change – Vancouver

Price changes fell (-4.55%) to 84 from 88 in the previous week.

Active Listings – Vancouver

For the seventh week in a row the number of Active Listings dropped. Active Listings fell (-2.09%) to 2861 from 2922. This is the lowest number of listings that have been active since I began recording these numbers weekly in July 2008.

The Bottom Line

The Vancouver real estate market is seeing a seasonal slowdown. However, for this time of year the market remains very strong. Buyers are still making a significant number of purchases…and the number of Active Listings is at a record low.

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. You can view daily real estate updates by following Sebastian on Twitter, or keeping an eye on Sebastian’s Vancouver real estate statistics page.

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Copyright © 2009 Vancouver Real Estate Statistics in the Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Real Estate with Royal LePage Westside ”Weekly Vancouver Real Estate Update – December 7th 2009 – Snow Effect”