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 Saturday morning at 7:49 am, there were 177 (149) price changes of which 168 (144) were price declines. The average price decline from among the 168 declines was $48,556 ($32,983) or 3% (3%).
94 (87) of the 168 properties or 56% (67%)were apartments the average price decline for which was $17,704 ($20,160) or 3%(3%).
5 (6) out of the 168(144) or 3% (4%) of the declines were duplexes averaging a decline of $54,000($21,426) or 3%(4%).
48 (34) or 28.6% (24%) of the declines were attributable to houses averaging a price decline of $118,819 ($72,568) or 4% (4%).
20 (16) or 11.9%(11%) of the price declines were attributable to townhouses averaging a price decline of $23,575 ($15,963) or 3% (2%).
After tracking these price changes for months now the relative changes week over week are not what is most interesting from these numbers. The takeaway of relative changes week to week is not really the fruit from this exercise. The data represents more of a possible shopping list of seller motivation than market trends. In other words, if one were to change prices, we can conclude from these numbers on a consistent basis that an average price change will be 3-4%.
With the mortgage rates just upticking as of two weeks ago from around 2.89% to around 3.1%, I opined last week that we could 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 2 weeks ago as of this coming Monday. Well this last week saw 437 new listings and 307 sales for a total absorption rate of 70% on all property. Check the next blogpost for the weekly quick stats on Vancouver's activity.
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 Built|
|118 W 11TH AV||988,000||1,099,900||111,900||10||3||HOUSE||9999|
|2307 W 45TH AV||3,980,000||4,380,000||400,000||9||6||HOUSE||2013|
|256 W 41ST AV||2,088,000||2,288,000||200,000||9||3||HOUSE||1949|
|3977 W 38TH AV||2,998,000||3,280,000||282,000||9||5||HOUSE||1985|
|4434 W 12TH AV||2,450,000||2,680,000||230,000||9||5||HOUSE||2002|
|# 5 788 W 15TH AV||549,000||599,000||50,000||8||3||TWNHS||1995|
|# 9 2652 MORNINGSTAR CR||649,000||708,000||59,000||8||3||TWNHS||1991|
|# 502 1483 HOMER ST||1,099,000||1,188,000||89,000||7||2||APTU||2003|
|246 W 45TH AV||1,788,000||1,928,000||140,000||7||3||HOUSE||1951|
|5612 CHANCELLOR BV||12,888,000||13,888,000||1,000,000||7||4||HOUSE||2011|
|# 114 2200 HIGHBURY ST||324,900||349,900||25,000||7||1||APTU||1990|
|3533 ETON ST||1,300,000||1,398,888||98,888||7||3||HOUSE||2009|
|5025 CYPRESS ST||2,790,000||2,998,000||208,000||7||5||HOUSE||1927|
|2208 W 15TH AV||1,988,000||2,133,000||145,000||7||3||DUPXH||2013|
|1117 KEEFER ST||699,000||748,000||49,000||7||6||HOUSE||9999|
|5655 SENLAC ST||449,000||479,000||30,000||6||3||TWNHS||1999|
|# 105 865 W 15TH AV||309,000||329,000||20,000||6||1||APTU||1989|
|356 W 62ND AV||1,550,000||1,650,000||100,000||6||4||HOUSE||1957|
|8141 LAUREL ST||1,720,000||1,830,000||110,000||6||7||HOUSE||1951|
|1280 W 57TH AV||3,480,900||3,699,000||218,100||6||4||HOUSE||1957|
|4078 W 30TH AV||4,980,000||5,288,000||308,000||6||5||HOUSE||2012|
|# 222 6279 EAGLES DR||470,000||498,800||28,800||6||1||APTU||2005|
|788 W 52ND AV||3,280,000||3,480,000||200,000||6||7||HOUSE||2008|
|3981 W 36TH AV||3,290,000||3,490,000||200,000||6||5||HOUSE||1937|
|# 301 1239 KINGSWAY BB||283,000||299,999||16,999||6||1||APTU||2011|
|332 W 62ND AV||1,699,999||1,799,000||99,001||6||3||HOUSE||9999|
|# 2F 1067 MARINASIDE CR||689,900||729,900||40,000||5||2||TWNHS||2001|
|# 202 5625 SENLAC ST||549,000||579,000||30,000||5||3||TWNHS||1999|
|# 301 2588 ALDER ST||463,000||488,000||25,000||5||2||APTU||1996|
|# 406 5788 BIRNEY AV||749,000||789,000||40,000||5||3||APTU||2008|
|# 1902 1331 ALBERNI ST||398,000||419,000||21,000||5||1||APTU||1999|
|7963 BIRCH ST||948,000||998,000||50,000||5||4||HOUSE||1948|
|# 504 821 CAMBIE ST||749,000||788,000||39,000||5||2||APTU||2008|
|# 3408 833 SEYMOUR ST||998,000||1,049,000||51,000||5||2||APTU||2011|
|5722 KILLARNEY ST||988,888||1,038,888||50,000||5||4||HOUSE||1979|
|3528 W 39TH AV||3,130,000||3,288,000||158,000||5||6||HOUSE||2013|
|4434 W 9TH AV||1,988,000||2,088,000||100,000||5||3||HOUSE||1926|
|# 3 1350 W 14TH AV||1,998,000||2,098,000||100,000||5||2||APTU||1998|
|# 3002 1199 MARINASIDE CR||1,189,000||1,248,000||59,000||5||2||APTU||1999|
|# 214 5788 BIRNEY AV||799,000||838,000||39,000||5||2||APTU||2008|
|# 102 1241 HOMER ST||829,000||869,000||40,000||5||1||APTU||2009|
|2772 ALMA ST||599,900||628,800||28,900||5||2||TWNHS||2004|
|# 2001 1616 BAYSHORE DR||2,080,000||2,180,000||100,000||5||2||APTU||2006|
|6918 DUMFRIES ST||1,048,000||1,098,000||50,000||5||4||HOUSE||1992|
|# 1103 1680 BAYSHORE DR||953,000||998,000||45,000||5||2||APTU||2002
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