The bracketed numbers represent last week's stats from this same report.
Below is this week's chart of the largest price declines (those over 5%) for Vancouver homes for sale. In the last week ending Friday morning at 11:42 am, there were 149 (222) price changes of which 144 were price declines. The average price decline from among the 212 declines was $32,983 ($48,719) or 3% (4%).
87(129) of the (212) properties or 67% (61%) were apartments the average price decline for which was $20,160 ($20,093 )or 3%,
6 out of the 144(212) or 4% (1%) of the declines were duplexes averaging a decline of $21,426 ($32,500) or 4% (3%).
34 (56) or 24% (26.4%) of the declines were attributable to houses averaging a price decline of $72,568 ($99,016) or 4% (4%).
16 (21) or 11% (10%) of the price declines were attributable to townhouses averaging a price decline of $15,963 ($23,910) or 2% (3%).
One might begin to conclude that there could be a slight deceleration on price declines, both in number and in magnitude.
I use price declines both because of their interest to buyers, who are more interested in internet web research than sellers, but also because examining the rate of change of the "changes" gives us a 2nd derivative on market prices and is an early indicator of market changes.
Secondly, with the mortgage rates just upticking as of last Monday from around 2.89% to around 3.1%, we will begin to see buyers with rate holds getting into position to activate their now preferred loan rates which will be held from a maximum of 120 days from last Monday. Look to a more active summer than last year as a result. In my experience, people, rightly or wrongly so are more motivated by monthly payments than by pricing.
A word of caution is necessary. I don't always publish these numbers at the same time such that a tally 7 days back taken in the morning as opposed to late in the day may indicate a reduced count of something that might otherwise be reported later in the day. In addition, while there is a bias in favour of "getting a listing up and running", the compliance with the reporting of sales may be a little more lax such that a report 3 weeks later would likely show more accurate numbers. It follows then that "Sales to Active listing" numbers can be reasonably taken to be understated in these type of real time up to the minute reports as the sales are likely lagging as opposed to the listing numbers.
|Address||LP||Prev LP||Change||%Change||Tot BR||Dwell||Yr Blt|
|546 W 60TH AV||2,388,000||2,888,000||500,000||17||6||HOUSE||2012|
|2575 W 34TH AV||2,699,000||2,998,000||299,000||10||11||HOUSE||1925|
|# 212 5723 BALSAM ST||360,000||399,000||39,000||10||1||APTU||1996|
|# 112 555 W 14TH AV||389,000||428,000||39,000||9||1||APTU||1985|
|# 2205 4815 ELDORADO ME||345,000||379,000||34,000||9||1||APTU||2013|
|# 306 5818 LINCOLN ST||209,000||228,000||19,000||8||1||APTU||1997|
|# PH8 4818 ELDORADO ME||349,000||379,000||30,000||8||1||APTU||2013|
|2997 W 35TH AV||2,388,000||2,588,000||200,000||8||5||HOUSE||2008|
|# PH5 4818 ELDORADO ME||369,000||399,000||30,000||8||1||APTU||2013|
|# 404 1075 COMOX ST||184,900||199,900||15,000||8||1||APTU||1969|
|536 E 28TH AV||1,199,000||1,295,000||96,000||7||6||HOUSE||1986|
|# 401 3520 CROWLEY DR||276,000||298,000||22,000||7||1||APTU||2001|
|# 201 6279 EAGLES DR||480,000||517,000||37,000||7||1||APTU||2005|
|# 603 1200 ALBERNI ST||497,000||530,000||33,000||6||2||APTU||1996|
|# 201 1010 BEACH AV||1,690,000||1,799,000||109,000||6||2||APTU||1991|
|3531 ETON ST||1,098,000||1,168,800||70,800||6||3||HOUSE||2010|
|# 21 120 POWELL ST||1,599,000||1,699,000||100,000||6||3||APTU||1993|
|# 1803 4815 ELDORADO ME||329,000||349,000||20,000||6||1||APTU||2013|
|3476 W KING EDWARD AV||1,690,000||1,790,000||100,000||6||6||HOUSE||1920|
|4818 QUEBEC ST||1,698,000||1,798,000||100,000||6||7||HOUSE||1997|
|# 1001 1280 RICHARDS ST||695,000||735,000||40,000||5||1||APTU||2008|
|3039 W 28TH AV||1,750,000||1,850,000||100,000||5||6||HOUSE||1969|
|1 - 452 E 16TH AV||898,000||948,000||50,000||5||4||DUPXH||2013|
|2 - 452 E 16TH AV||898,000||948,000||50,000||5||4||DUPXH||2013|
|# 306 1518 W 70TH AV||369,000||388,800||19,800||5||2||APTU||1991|
|935 NICOLA ST||579,000||609,900||30,900||5||2||APTU||1988|
|# 1405 1420 W GEORGIA ST||379,000||399,000||20,000||5||1||APTU||2002|
|# 1212 4655 VALLEY DR||569,000||599,000||30,000||5||1||APTU||2001|
|# 1101 5425 YEW ST||759,000||799,000||40,000||5||2||APTU||1986|
|2288 W 13TH AV||949,000||998,000||49,000||5||2||TWNHS||2004|
|# 3 1350 W 14TH AV||1,998,000||2,098,000||100,000||5||2||APTU||1998|
|# 201 1234 PENDRELL ST||419,000||439,900||20,900||5||2||APTU||1975|
|555 W 64TH AV||2,080,000||2,180,000||100,000||5||5||HOUSE||1995|
|3115 W 12TH AV||2,128,000||2,230,000||102,000||5||7||HOUSE||1988|
|# 102 528 BEATTY ST||399,900||419,000||19,100||5||1||APTU||2008|
|# 302 1860 ROBSON ST||839,000||879,000||40,000||5||2||APTU||1987|
|# 802 4815 ELDORADO ME||439,000||459,900||20,900||5||2||APTU||2013|
|# 1103 1680 BAYSHORE DR||953,000||998,000||45,000||5||2||APTU||2002|
|1922 MCNICOLL AV||1,695,000||1,775,000||80,000||5||3||DUPXH||2013|
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