May 17, 2013 Vancouver Real Estate Sales Statistics
May 17, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-17 | 120 | $735,177 | $708,354 | $26,823 | 3.65 | 47 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-17 | 43 | $417,438 | $399,756 | $17,681 | 4.24 | 45 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-17 | 163 | $651,357 | $626,945 | $24,411 | 3.75 | 46 |
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 389
Price Changes 180
Sold Listings 163
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 41.90%
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.
May 16, 2013 Vancouver Real Estate Sales Statistics
May 16, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-16 | 131 | $914,018 | $869,822 | $44,195 | 4.84 | 49 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-16 | 76 | $587,196 | $562,259 | $24,937 | 4.25 | 61 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-16 | 207 | $794,026 | $756,901 | $37,125 | 4.68 | 53 |
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 392
Price Changes 197
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 52.81%
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.
May 15, 2013 Vancouver Real Estate Sales Statistics
May 15, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-15 | 120 | $904,460 | $859,043 | $45,417 | 5.02 | 44 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-15 | 57 | $489,434 | $472,678 | $16,756 | 3.42 | 49 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-15 | 177 | $770,808 | $734,620 | $36,187 | 4.69 | 46 |
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 319
Price Changes 191
Sold Listings 177
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 55.49%
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.
May 14, 2013 Vancouver Real Estate Sales Statistics
May 14, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-14 | 207 | $824,034 | $786,504 | $37,529 | 4.55 | 57 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-14 | 44 | $642,731 | $612,243 | $30,488 | 4.74 | 59 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-14 | 251 | $792,251 | $755,956 | $36,295 | 4.58 | 57 |
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 401
Price Changes 184
Sold Listings 251
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 62.59%
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.
May 13, 2013 Vancouver Real Estate Sales Statistics
May 13, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-13 | 146 | $907,959 | $864,459 | $43,500 | 4.79 | 59 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-13 | 35 | $508,426 | $490,181 | $18,244 | 3.59 | 55 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-13 | 181 | $830,702 | $792,085 | $38,616 | 4.65 | 58 |
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 431
Price Changes 218
Sold Listings 181
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 42.10%
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.
May 10, 2013 Vancouver Real Estate Sales Statistics
May 10, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-10 | 32 | $759,196 | $732,175 | $27,021 | 3.56 | 73 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-10 | 65 | $581,654 | $554,906 | $26,747 | 4.60 | 45 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-10 | 97 | $640,224 | $613,387 | $26,837 | 4.19 | 54 |
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 359
Price Changes 175
Sold Listings 97
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 27.02%
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.
May 9, 2013 Vancouver Real Estate Sales Statistics
May 9, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-09 | 144 | $925,954 | $889,445 | $36,509 | 3.94 | 53 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-09 | 69 | $479,381 | $464,779 | $14,602 | 3.05 | 47 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-09 | 213 | $781,289 | $751,877 | $29,412 | 3.76 | 51 |
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 439
Price Changes 173
Sold Listings 213
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 48.52%
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.
May 8, 2013 Vancouver Real Estate Sales Statistics
May 8, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-08 | 172 | $826,409 | $786,337 | $40,071 | 4.85 | 58 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-08 | 59 | $452,407 | $437,737 | $14,670 | 3.24 | 68 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-08 | 231 | $730,885 | $697,301 | $33,583 | 4.59 | 61 |
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 392
Price Changes 175
Sold Listings 231
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 58.93%
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.
May 7, 2013 Vancouver Real Estate Sales Statistics
May 7, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-07 | 154 | $687,800 | $655,529 | $32,271 | 4.69 | 49 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-07 | 54 | $612,178 | $590,685 | $21,492 | 3.51 | 45 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-07 | 208 | $668,168 | $638,694 | $29,473 | 4.41 | 48 |
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 439
Price Changes 171
Sold Listings 208
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 47.38%
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.
May 6, 2013 Vancouver Real Estate Sales Statistics
May 6, 2013 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 |
|---|---|---|---|---|---|---|
| 2013-05-06 | 101 | $816,932 | $788,457 | $28,475 | 3.49 | 49 |
Fraser Valley Real Estate Board (FVREB) results
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-06 | 53 | $468,365 | $453,369 | $14,996 | 3.20 | 79 |
Results for Both Boards
| Date | # Of Sales |
Avg List Price |
Avg Sale Price |
Avg Diff$ |
Avg Diff% |
Avg DOM |
|---|---|---|---|---|---|---|
| 2013-05-06 | 154 | $696,971 | $673,134 | $23,836 | 3.42 | 59 |
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 404
Price Changes 188
Sold Listings 154
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 38.12%
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.
REBGV Average Prices
Average Daily Prices
Coronet Realty Ltd.