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No Sales Stats Posting for Easter Long Weekend, Apr 18 & 21, 2014

happy easter 2013

Due to the Easter long weekend, Vancouver Sales Statistics will not be posted on Good Friday, April 18, as well as Easter Monday, April 21, 2014.

Normal nightly posting will re-commence on Tuesday, April 22, 2014.

We apologize for any inconvenience, and send our best wishes for a happy and safe long weekend!

Happy Easter!

 

 

 

April 17, 2014 Vancouver Real Estate Sales Statistics

April 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
2014-04-17170$747,698$726,311$21,3872.8646

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-1766$502,558$485,051$17,5063.4867

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-17236$679,142$658,840$20,3022.9952

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 426

Price Changes 161

Sold Listings 236

 

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 55.40%

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.

April 16, 2014 Vancouver Real Estate Sales Statistics

SWINGING SOLD SIGN

April 16, 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
2014-04-16348$735,376$718,165$17,2112.3446

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-16159$512,542$496,642$15,9003.1054

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-16507$665,493$648,693$16,7992.5249

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 881

Price Changes 331

Sold Listings 507

 

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 57.55%

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.

April 15, 2014 Vancouver Real Estate Sales Statistics

April 15, 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
2014-04-15188$706,160$687,260$18,9002.6842

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-1576$525,731$505,598$20,1323.8360

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-15264$654,219$634,964$19,2542.9447

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 412

Price Changes 164

Sold Listings 264

 

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 64.08%

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.

April 14, 2014 Vancouver Real Estate Sales Statistics

April 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
2014-04-14134$986,858$947,980$38,8783.9469

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-1445$500,415$490,876$9,5391.9145

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-14179$864,568$833,066$31,5023.6463

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 437

Price Changes 196

Sold Listings 179

 

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 40.96%

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.

April 11, 2014 Vancouver Real Estate Sales Statistics

April 11, 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
2014-04-11159$751,402$738,890$12,5121.6741

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-1164$497,968$479,916$18,0523.6353

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-11223$678,668$664,565$14,1022.0844

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 398

Price Changes 150

Sold Listings 223

 

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 56.03%

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.

April 10, 2014 Vancouver Real Estate Sales Statistics

Mortgage Calculator

 

April 10, 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
2014-04-10113$852,730$827,512$25,2172.9656

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-1094$474,215$459,636$14,5783.0751

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-10207$680,844$660,458$20,3862.9954

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 449

Price Changes 161

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 46.10%

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.

April 9, 2014 Vancouver Real Estate Sales Statistics

April 9, 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
2014-04-09130$951,586$920,209$31,3773.3044

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-0974$482,586$466,752$15,8333.2852

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-09204$781,458$755,720$25,7383.2947

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 409

Price Changes 171

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 49.88%

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.

Inventory

  • Total inventory for both boards is 23,755;
  • REBGV inventory is 15,762;
  • FVREB inventory stands at 7,993.

Last night’s sales were 223.

Think about that: If we stopped listing new product we currently have enough inventory to last 107 days.

Broken down by board its 156 sales and 15,762 inventory for the REBGV, meaning 101 days of inventory, and 67 sales and 7,993 inventory for the FVREB, meaning 119 days of inventory.

There’s more to talk about with inventory. I maintain a graph of comparative inventory by month over the last ten or so years. Looking at it allows you to see the years with big inventory – 2008 leads the way. Market and blog watchers will remember that 2008 was the year of the great financial crisis, and also the year that the web bears thought their predictions had finally come true (they didn’t, but we saw declines approaching 20%). 2012 was another big year, and very similar to 2008, except with less fear. In third and fourth place are 2010 and 2013.

Can we reach any conclusions? It’s important to remember that inventory can’t tell the whole story without knowing sales levels as well, but it is pretty safe to say that lots of inventory tends to dampen price growth. Our market history tends to support classic supply/demand theory.

We can also see a correlation between the the two highest inventory levels (2008 and 2012) with marked downward price pressure. We can also see that the days of really hot price growth (almost ten years ago now) were characterized by much less inventory – roughly two thirds of current inventory.

And we also see that inventory is trending higher each year, and in a marked fashion.

Right now we’re climbing at a slower rate than 2008, 2010, 2012 and 2013. That could indicate that inventory will not climb as high as in past years (assuming the first three months become a trend). Even so, we could be on track for a repeat of 2011, but at a higher level.

One thing is for certain: we have a lot of inventory for sale and our sell/lists are residing in the middle to low ranges. Don’t expect sustained price growth unless that changes.

April 8, 2014 Vancouver Real Estate Sales Statistics

for-sale-sign

 

April 8, 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
2014-04-08156$843,751$819,893$23,8572.8344

Fraser Valley Real Estate Board (FVREB) results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-0867$570,798$551,962$18,8363.3059

Results for Both Boards

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2014-04-08223$761,743$739,393$22,3492.9349

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 470

Price Changes 155

Sold Listings 223

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 47.45%

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.