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Vancouver Real Estate Statistics Feb. 14-20

Total inventory for the REBGV/FVREB was 18,204, of which 6,076, or 33.38%, were over 90s.

For the REBGV the numbers were 11,445, 3,719, and 32.49%

For the FVREB the numbers were 6,759, 2,357 and 34.87%.

There were 1,537 new listings, 402 price changes and 855 sales in the REBGV, for a sell list of 55.63%.

In the FVREB the numbers were 795, 226 and 324, for a sell/list of 40.75%.

The combined numbers were 2,332, 628 and 1,179 and a sell/list of 50.56%.

Same as last week. Sell/list edging up, over 90s edging down. Prices are continuing to edge up (see the graph).
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

Data for File: REBGVsales.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
858 $807,688.34 $793,440.15 -$14,248.19 -1.29% 50
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
480 $475,561.76 $464,977.03 -$10,584.73 -1.86% 49
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
365 $1,255,323.70 $1,236,530.61 -$18,793.09 -0.39% 49

Data for File: FVREBsales.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
324 $507,914.17 $492,100.22 -$15,813.95 -3.38% 60
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
114 $294,821.37 $282,461.17 -$12,360.20 -4.15% 66
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
203 $629,226.38 $612,254.67 -$16,971.71 -2.72% 56

Data for File: REBGVFVREBsales.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
1182 $725,516.74 $710,839.35 -$14,677.39 -1.86% 53
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
594 $440,874.21 $429,948.73 -$10,925.48 -2.30% 52
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
568 $1,031,560.05 $1,013,417.91 -$18,142.14 -1.22% 51

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.


3 Responses to “Vancouver Real Estate Statistics Feb. 14-20”

  1. 1 says:

    Rob,

    FV continues to be much much softer than Van – any comments/thoughts on this?

    A friend who builds tells me contractors/labour is very concerned about the lack of work – any thoughts?

    Also, what do you think of the interior/cottage country with MOI so high, any trends forming there?

    Interesting times!

  2. vanpro says:

    Still waiting for your comparative inventory graphs (I think you will find that inventory is higher and growing faster in 2011 than same period in previous years, including 2008, 2009, 2010). According to your numbers for the REBGV, unsold active inventory is upanother 3.52% this past week and as of Feb.20 is up nearly 30% in the past 6 weeks alone!!! 11,445 on Feb.20th vs. 8,846 on Jan.9th.

  3. Rob says:

    1: The FV is linked more closely to people who don’t have deep pockets. I’m not concerned about lack of work – there seems to be plenty, and I’m not evicting erstwhile good tenants who’ve become unemployed. “Cottage country” is a place in Ontario, not here. The Interior is a huge market. MOI across the whole thing is meaningless, like national housing prices. Markets are local. Always have been, always will be. Interior markets are never like the Vancouver market. Never. (I defy anyone to draw a parallel and defend it. Can’t be done. Its like comparing Victoria to Vancouver.)

    Vanpro:

    Patience, my man. The web is a demanding place. Lots to do!