Tuesday Stats

Tuesday, May 8th, 2018 Real Estate Sales Statistics for the REBGV and the FVREB (REBGV/FVREB)

Real Estate Board of Greater Vancouver (REBGV) Results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-08117$1,242,519$1,250,751$-8,231-0.6628

Fraser Valley Real Estate Board (FVREB) Results
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-08100$715,792$713,218$2,5740.3618

Results for Both Boards
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-08217$999,788$1,003,040$-3,252-0.3323

New Listings – 543
Price Changes – 160
Sales – 217
Sell/List – 39.96%

What about the attached market?

Real Estate Board of Greater Vancouver (REBGV) Attached Results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-0869$762,040$843,671$-81,630-10.7115

Fraser Valley Real Estate Board (FVREB) Attached Results
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-0856$469,144$471,792$-2,648-0.5614

Attached Results for Both Boards
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-08125$630,822$677,069$-46,246-7.3314

New Listings – 285
Price Changes – 62
Sales – 125
Sell/List – 43.86%

These are detached:

Real Estate Board of Greater Vancouver (REBGV) Detached Results

Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-0845$2,019,688$1,919,213$100,4754.9730

Fraser Valley Real Estate Board (FVREB) Detached Results
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-0843$1,031,562$1,022,476$9,0860.8824

Detached Results for Both Boards
Date# Of
Sales
Avg
List
Price
Avg
Sale
Price
Avg
Diff$
Avg
Diff%
Avg
DOM
2018-05-0888$1,536,854$1,481,034$55,8193.6327

New Listings – 247
Price Changes – 96
Sales – 88
Sell/List – 35.63%

REBGV all properties:

New Listings – 333
Price Changes – 103
Sales – 117
Sell/List – 35.14%

REBGV Attached:

New Listings – 192
Price Changes – 43
Sales – 69
Sell/List – 35.94%

REBGV Detached:

New Listings – 137
Price Changes – 58
Sales – 45
Sell/List – 32.85%

FVREB all properties:

New Listings – 210
Price Changes – 57
Sales – 101
Sell/List – 48.10%

FVREB Attached:

New Listings – 93
Price Changes – 19
Sales – 57
Sell/List – 61.29%

FVREB Detached:

New Listings – 110
Price Changes – 38
Sales – 43
Sell/List – 39.039%

REBGV Inventory
Total- 10,849

FVREB – 5,193

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.

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.

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