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Weekly Vancouver Real Estate Stats April 25-May 1

Huge news tonight. Some may downplay the importance of Bin Laden, but there is no doubt that his death at the hands of the United States is indisputable. Almost ten years ago the President said that they would kill Bin Laden, and tonight the President announced that they’d done it. I don’t think the lesson is lost on anyone that despite being very far apart in political terms there is little difference between George Bush and Barack Obama when it comes to defending the US against it’s enemies.

I was impressed by President Obama’s announcement, and I think that this development will pay him huge dividends. On our front I’m curious what it might mean for the election. It gave Prime Minister Harper a chance to appear on the 11 o’clock news as the leader of a country that has been at war with Bin Laden and al Qaeda, rather than just another politician making a last minute electioneering bid. He kept it short, sweet and sober. It will be interesting to see if the news has any effect on tomorrow’s results. I wonder how al Zawahiri is feeling now that he’s become al Qaeda’s Number 1. They want to take the world back to a medieval theocratic state. Meanwhile, Wikipedia has already updated the bin Laden entry, and crowds are gathering at Ground Zero.

Anyway, back to real estate.

Total inventory for the REBGV/FVREB was 21,181, of which 4,649, or 21.95%, were over 90s.

For the REBGV the numbers were 13,646, 2,869, and 21.02%

For the FVREB the numbers were 7,535, 1,780 and 23.62%.

There were 1,421 new listings, 510 price changes and 894 sales in the REBGV, for a sell list of 62.91%. (1 – that’s up).

In the FVREB the numbers were 552, 311 and 414, for a sell/list of 75.00%. (1 – that’s way up).

The combined numbers were 1,973, 821 and 1,308 and a sell/list of 66.29%. (There’s your trend, 1).

Sell/list up from last week. Prices up across the board (see the graph). Inventory down, but not by much in the REBGV, and it is month end. Normally inventory drops more at this time. Two weeks ago I said that we’d if over 90s kept dropping that would go hand in hand with dropping prices. Prices are up and over 90s have stabilized.

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: SalesMay12010REBGV.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
894 $850,353.25 $831,954.85 -$18,398.39 -1.67% 42
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
494 $525,975.59 $514,062.05 -$11,913.54 -2.01% 45
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
391 $1,253,465.88 $1,229,809.68 -$23,656.20 -1.06% 36

Data for File: SalesMay12010FVREB.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
414 $514,609.30 $501,262.92 -$13,346.39 -2.72% 55
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
151 $321,843.26 $313,767.86 -$8,075.40 -2.68% 57
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
240 $655,280.91 $638,263.89 -$17,017.02 -2.68% 52

Data for File: SalesMay12010REBGVFVREB.csv

All Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
1308 $744,085.67 $727,286.30 -$16,799.36 -2.01% 46
Attached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
645 $478,186.47 $467,171.47 -$11,015.00 -2.16% 48
Detached Properties
Sales Average List Price of Sales Average Sales Price Difference ($) Difference (%) DOM
631 $1,025,947.04 $1,004,816.04 -$21,131.00 -1.68% 42

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.


One Response to “Weekly Vancouver Real Estate Stats April 25-May 1”

  1. vomitingdog says:

    Rob,

    I bought, but now I regret it. It looks like the NDP might win where I bought – now what?

    Did I make the biggest mistake of my life?

    vomitingdog