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November 25, 2014 Vancouver Real Estate Sales Statistics

November 25, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-25112$687,568$661,399$26,1683.8157

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-2595$505,288$488,523$16,7643.3258

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-25207$603,913$582,060$21,8523.6257

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 239

Price Changes 96

Sold Listings 207

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 86.61%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

Whose Property Is It Anyway?

Vancouver is changing, and certainly not always for the better. Everyday someone new moves into the Lower Mainland, and they bring something unique to contribute, whether they come from Alberta or Albania. You can’t limit the contributions to the obvious things like food or music. You also have to factor in the energy that comes from someone getting involved in the economy just to make a living.

The negatives? Traffic, obviously. Nobody likes more traffic.

House prices and density? That’s a horse of an entirely different color. If I’m a buyer I probably don’t like home prices rising, but if I’m a seller I probably do. I’ve been involved in real estate in Greater Vancouver most of my life. My parents were realtors and I became licensed in 1987. I’ve watched peaks and crashes, ebbs and flows, and I’ve seen my business change dramatically. I remember when a $10,000 loan from the bank of mom and dad allowed young couples to buy their first house. I remember single family homes selling below $100,000. I remember selling investment properties on the basis of solid cash flow numbers. Those days are gone and I fear that they are not ever coming back.

On November 4 Barbara Yaffe wrote an article about an elderly couple, Ian and Joan Todd, discovering that their home was worth $500,000 less than it would have been had the City of Vancouver not passed a particular zoning law. Yaffe referenced a blog post by realtor David Setton that also addresses the change and it’s impact.

The bylaw is simple. In essence it says that if your building was constructed before 1940, and if it has character merit, you must either maintain the house or build something smaller in it’s place.

There’s really no question that making someone use their private property in a way that the market doesn’t place the highest value on or restricting them from maximizing the potential of added value hits individual homeowners in the pocket book. A quick survey of the comments on Yaffe’s story indicates that there is no shortage of people who are absolutely fine with doing exactly that.

Again, the Lower Mainland is changing. Sometimes the change is for the good, and sometimes the change is for the worse. What intrigues me about this story is how quickly the means are justified by the ends. It’s almost as if we don’t pay any attention to history.

Prior to the bylaw passing city councillor Heather Deal was quoted as saying ““This new bylaw, should it be passed, means that you are going to be given a great incentive to keep that home and live in it…”. That’s a humorous way of saying “We will punish you for doing legal things we don’t like.” What can you expect? She’s a politician and politicians do that sort of thing.

Neighbourhoods for A Sustainable Vancouver (NSV) seem to think the bylaw does not go far enough. They’re the kind of funny group of people that worry me. They seem good hearted, but soft headed. They want the laudable ends and are more than happy to either ignore the means or simply put up with them. They’re like the nice people on Slate’s Political Gabfest.

That may not seem like a kind thing to say, so let me explain. They want sustainable, affordable housing. They want the government to give them that. They are disappointed that Gregor Robertson promised to act they way they thought he should and then continued NPA practices. To quote them in regard to the 2008 election “NSV created a candidate survey that lead to member endorsement of the Vision / COPE slate.” In 2014 they passed judgement on Vision: ” The message finally appeared to get through, as Mayor Gregor Robertson offered an apology in the final days of the election and related acknowledgement in his victory speech that he “heard loud and clear that there are things that we could do better and we will.” Humans are supposed to be good at detecting patterns, but I’m not sure NSV has honed that skill. Gregor Robertson will not be remembered as the mayor who made Vancouver the world’s most green, sustainable affordable city. He’ll be remembered as a skilled politician who pissed off a lot of people and worked well with developers (hear me now, believe me later).

Here’s the real problem. Neither NSV, Vision Vancouver nor City Hall truly represent community desires or interests. Voter turnout for 2014 was the highest in years at 44% according to Vancity Buzz. 181,707 ballots were cast. Robertson got 83,529 of those, or roughly 20% of the vote.

The interests that NSV, Robertson, Vision and city government represent are their own. They try to achieve their own desires, and that comes at a cost to other people.

You can argue (and the argument is made repeatedly in the comments section of Yaffe’s article) that the cost borne by the other people is not important, but in doing so you are admitting that the cost exists. And you’re admitting that the cost translates into money that the other people had access to prior to the law change, but now no longer have. You’re admitting that a law that you like (regardless of why you like it) gives other people, what was the phrase? Oh yes, a “great incentive” to do without a substantial amount of money so that you can get what you want.

Put more bluntly, you’re admitting that reducing someone else’s wealth through government fiat is ok as long as you get something approaching what you want, even if its not as much as you want and even if you’re not sure you can trust the government to deliver what you want (NSV admits that they aren’t certain that Robertson’s pre-election mea culpa was genuine).

House prices have risen in Vancouver as a result of many factors. The result is disheartening to many who have lived here a long time, and to younger people who do not have access to inter-generational wealth transfer. That said, prices have rising in the Lower Mainland because people just like you and I want to live here in increasing numbers. They compete to buy property. Its not a conspiracy of developers and foreigners.

You may not like the result, but is it moral to use government force to levy substantial financial penalties on a specific subset of individuals? You’re not punishing developers or foreigners. You’re punishing your neighbours.

November 24, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB

bluehouse

 

 

 

 

 

 

November 24, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-24133$808,357$765,676$42,6805.2857

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-2453$587,084$562,560$24,5234.1884

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-24186$745,306$707,799$37,5075.0365

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 218

Price Changes 111

Sold Listings 186

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 85.32%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 21, 2014 Vancouver Real Estate Sales Statistics

SWINGING SOLD SIGN

 

 

 

 

 

November 21, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-21129$900,958$865,402$35,5553.9562

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-2147$475,484$463,816$11,6682.4550

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-21176$787,337$758,160$29,1763.7159

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 165

Price Changes 98

Sold Listings 176

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 106.67%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 20, 2014 Vancouver Real Estate Sales Statistics

November 20, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-2094$702,048$684,883$17,1652.4573

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-2053$607,223$583,467$23,7553.9167

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-20147$667,860$648,318$19,5412.9371

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 196

Price Changes 91

Sold Listings 147

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 75.00%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 19, 2014 Vancouver Real Estate Sales Statistics

imstillselling

 

 

 

 

 

 

 

 

 

November 19, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-19140$946,413$920,472$25,9412.7462

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-1980$531,998$510,455$21,5434.0565

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-19220$795,717$771,375$24,3413.0663

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 206

Price Changes 121

Sold Listings 220

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 106.80%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 18, 2014 Vancouver Real Estate Sales Statistics

November 18, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-18132$983,733$932,191$51,5425.2449

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-1868$480,229$465,715$14,5133.0289

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-18200$812,542$773,589$38,9524.7963

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 290

Price Changes 123

Sold Listings 200

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 68.97%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 17, 2014 Vancouver Real Estate Sales Statistics

November 17, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-17157$729,810$695,209$34,6014.7462

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-1757$480,141$468,483$11,6572.4357

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-17214$663,310$634,819$28,4904.3060

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 276

Price Changes 140

Sold Listings 214

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 77.54%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 14, 2014 Vancouver Real Estate Sales Statistics

phone4

 

 

 

 

November 14, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-14138$1,001,424$959,024$42,3994.2357

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-1440$537,930$522,191$15,7392.9361

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-14178$897,268$860,860$36,4084.0658

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 222

Price Changes 79

Sold Listings 178

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 80.18%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.

November 13, 2014 Vancouver Real Estate Sales Statistics

November 13, 2014 Vancouver Real Estate Sales Statistics for the REBGV and FVREB.

 

Real Estate Board of Greater Vancouver (REBGV) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-13140$1,002,736$947,847$54,8885.4758

 

 

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-1364$723,285$678,724$44,5606.1655

 

 

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-11-13204$915,065$863,416$51,6485.6457

 

 

How to read these tables

The first column is date, which is self-explanatory. The second is the number of sales in the specific area. Sales include detached, attached, apartment, land only and multi-family. Multi-family tends to include smaller multi-unit buildings rather than apartment buildings, which usually turn up on the commercial MLS system. There are also few multi-family sales each week. The third column is average list price for the day – in other words, the total of all list prices divided by the number of new listings. The fourth column is the average sales price of all sales reported that day. the sales are reported after subjects are removed, and can be from 0 to perhaps 14 days old. Listings, by comparison, are generally brand new, and lag by at most 3-5 days (in times of high listing volume the lag can be a little more, but not as much as with sales).

The fifth and sixth columns show the difference between average list price and sell price in dollar figures and percentages. Hot markets see properties sell within 1%-1.5% of list price.

The last column is days on market (DOMs). In most real estate markets 60 DOMs is by no means bad, and would often be regarded as great. In the Lower Mainland, especially compared to the last decade, it is high. Hot markets see DOMs like 30.

 

Snapshot

New Listings 278

Price Changes 126

Sold Listings 204

 

 

Sell/List

The sell/list is a simple measure of demand that divides a given number of sales by the number of new listings taken during the same period. It is expressed as a percentage. In a hot market, we sell more properties than we list, so the number exceeds 100%. Markets like that commonly see multiple offers over list price. Slow markets, on the other hand are characterized by low sell/lists, below 35%.

 

Today’s sell/list was 73.38%

 

Vancouver real estate sales statistics are courtesy of the Real Estate Board of Greater Vancouver, and while all efforts are made to ensure their accuracy, neither the REBGV nor Rob Chipman are liable for any errors.