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Vancouver Real Estate Stats – January 10-16

Total inventory for the REBGV/FVREB was 14,941, of which 6,147, or 41.14%, were over 90s.

For the REBGV the numbers were 9,274, 3,876, and 41.79%

For the FVREB the numbers were 5,667, 2,271 and 40.07%.

There were 1,102 new listings, 219 price changes and 342 sales in the REBGV, for a sell list of 31.03%.

In the FVREB the numbers were 632, 133 and 176, for a sell/list of 27.85%.

The combined numbers were 1,734, 352 and 518 and a sell/list of 29.87%.

Not much of a change from last week. Huge change from December. Inventory is still low and not exploding. Are we on course for a flatline?

First chart is REBGV, second is FVREB, third is combined. Numbers are courtesy of the REBGV, and while every effort is made to ensure their veracity the REBGV assumes no responsibility for the numbers or their use. Any errors are solely mine.

Rob’s Report Generator

Rob’s Report Generator

Data for File: SalesJanuary16REBGV.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
342 $802,948.93 $780,019.57 -$22,929.36 -2.90% 67
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
189 $489,249.03 $473,594.43 -$15,654.60 -3.11% 67
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
151 $1,202,400.45 $1,170,234.08 -$32,166.37 -2.62% 61

Data for File: SalesJanuary16FVREB.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
176 $459,360.98 $443,570.10 -$15,790.88 -3.44% 81
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
74 $275,683.77 $266,740.47 -$8,943.30 -3.22% 85
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
94 $557,131.20 $539,181.30 -$17,949.90 -3.55% 67

Data for File: SalesJanuary16REBGVFVREB.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
518 $686,208.62 $665,704.69 -$20,503.93 -3.09% 71
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
263 $429,158.42 $415,392.17 -$13,766.25 -3.14% 72
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
245 $954,827.76 $928,115.87 -$26,711.89 -2.98% 63

My name is Rob Chipman and I’m a realtor, pilot and all around super hero based in Vancouver, BC. I really enjoy flying, playing guitar and hockey, real estate and the Chilcotin.  My company is Coronet Realty Ltd., located at 3582 East Hastings Street, Vancouver, BC, V5K 2A7. I have a C-150L that I own with two other pilots, based out of Pitt Meadows. Do not hesitate to contact me by email if I can help you do anything, especially if its likely to be interesting.


5 Responses to “Vancouver Real Estate Stats – January 10-16”

  1. 1 says:

    Rob, in your view this is a flatlining trend – why?

  2. Rob says:

    I think we’ll flatline because the prices are very high, but interest rates are very low. I can’t see prices going much higher, from an affordability POV, but I can’t see the ENE looming that will cause prices to drop.

    For example, if we were in a hot economy with lots of inflation I could see interest rates jumping up, and I could see some negativity from that.

    Or…if we were in economic trouble here but the US was in roses and interest rates there were rising much faster than ours I could see us getting a double whammy – bad economy and rising interest rates and less liquidity.

    But, for as far as I can see (guess) we’re going to have low rates.

  3. Doubter says:

    I haven’t been here in ages; it looks pretty quiet, I guess because the crash has not come. I wonder what happened to the guy (whybuywhenyoucanrent or something) who promised free drinks or whatever if prices were still high in 2011.

  4. WoW says:

    Rob,

    You will be shocked by the increase in interest rates I guess.

    Not huge, but the overnight will double this year.

    And VRM will climb abour 25%. Costs going higher, and that is just the start.

    Gimme a break dude, its right in front of you and you don’t see it?

    RJ, where are you you famagaboose? You should be rolling over in your satin sheets.

  5. WoW says:

    http://www.vancouversun.com/business/Tighter+mortgage+rules+will+hardest/4117984/story.html

    Looks like the Vancouver Sun disagrees with you Rob.

    They are a shill for the RE industry to boot.

    I guess they see the writing on the wall.

    Do not ask for whom the bell tolls….

    That said, glad to see the blog being brought back to live (thanks WoW, much appreciated).

    WoW