Weekly Vancouver Real Estate Update – October 25th 2009 – Market Improves in Strong Week | Vancouver Real Estate Blog

Weekly Vancouver Real Estate Statistics - October 25th 2009

Wow. What a week in Vancouver real estate. At this time of year we typically see buyer’s begin to disappear as well as new listings while the active listings balloon. Not in this market.

New Listings – Vancouver

For just the second time in the last five weeks New Listings rose. It wasn’t a significant rise (+0.60%) to 334 from 332, but it did rise.

Home Sales – Vancouver

For the third time in the last six weeks Sales rose. Sales rose (+5.79%) to 274 from 259.

Sell/List Ratio – Vancouver

The Sell/List ratio rose yet again. It rose (+4.02) to 82.04% from 78.01%. It is now at it’s highest level since mid-August.

Price Change – Vancouver

Price changes rose (+7.21%) to 119 from 111 the week before.

Active Listings – Vancouver

For just the second time in the last eight weeks the number of Active Listings fell. After just a slight increase in the previous week, this last week it fell (-3.69%) to 3262 from 3387.

The Bottom Line

Just as it began to look as though the market was seeing some seasonal cooling, it heats up again. This last week showed signs of significant activity from buyers. It will be interesting to see how long this lasts into the coming holiday season.

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 – October 25th 2009 – Market Improves in Strong Week”