Weekly Vancouver Real Estate Update – November 30th 2009 – Holiday Resilience | Vancouver Real Estate Blog

Weekly Vancouver MLS Real Estate Statistics - November 30th 2009

The market is definitely winding down as we head into the holiday season. However, there is still surprising strength in the numbers. Listings fell but Sales were up strongly resulting in a very healthy Sell/List ratio.

New Listings – Vancouver

Once again New Listings saw a decline this past week (-9.09%). We saw 240 New Listings this past week compared to 264 previously. That is now 8 of 9 weeks that the number of New Listings has fallen.

Home Sales – Vancouver

For the 5th time in the last 7 weeks Sales rose (+16.59%). We saw Sales of Vancouver homes go from just 217 in the previous week to 253 this week.

Sell/List Ratio – Vancouver

With New Listings declining and Sales rising significantly, the Sell/List Ratio rose for the 3rd week in a row. The Sell/List Ratio rose (+23.22) to 105.42% from 82.2%.

Price Change – Vancouver

Price changes fell (-14.56%) to 88 from 103 in the previous week.

Active Listings – Vancouver

For the sixth week in a row the number of Active Listings fell. Active Listings dropped (-5.74%) to 2922 from 3100.

The Bottom Line

While we are seeing the market slowdown towards the holidays, it is still surprising how many buyers are active in this market. There are few options (with declining New Listings and Active Listings) so buyers are struggling to find homes that suit them.

More Info on Vancouver Real Estate

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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 – November 30th 2009 – Holiday Resilience”