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 10 days ending Monday evening, there were 122 (177) price changes of which 118(168) were price declines. The average price decline from among the 118 (168) declines was $43,946 or 3% (3%).
70(94) of the 118 properties or 59% (56%)were apartments the average price decline for which was $19,366 ($17,704) or 3%(3%).
2 (5) out of the 118(144) or 1.6% (3%) of the declines were duplexes averaging a decline of $11,500($54,000) or 2 %(3%).
37 (48) (34) or 31.3% (28.6%) of the declines were attributable to houses averaging a price decline of $95,030 ($118,819) or 4% (4%).
8 (20) or 6.7% (11.9%) of the price declines were attributable to townhouses averaging a price decline of $30,875 ($23,575) or 3% (3%). This is the third straight week where the average price declines of twonhouses has risen.
Well this 10 day period saw 340 (437) new listings and 189 (307) sales for a total absorption rate of 55.5% (70%) on all property. Check the next blogpost for the weekly quick stats on Vancouver's activity. The drop in numbers from the period last week is likely due more to school being out than any significant macro economic factor.
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.
Happy Hunting!
| Address | LP | Prev LP | Change | % Change | Tot BR | Dwell | Yr Blt |
| # 302 1869 SPYGLASS PL | 735,000 | 818,000 | 83,000 | 10 | 2 | APTU | 1990 |
| 8168 SELKIRK ST | 1,680,000 | 1,860,000 | 180,000 | 10 | 5 | HOUSE | 1993 |
| 2117 W 47TH AV | 2,250,000 | 2,488,000 | 238,000 | 10 | 4 | HOUSE | 2013 |
| 3811 QUESNEL DR | 2,188,000 | 2,388,000 | 200,000 | 8 | 0 | HOUSE | 1928 |
| # 1404 5775 HAMPTON PL | 1,100,000 | 1,200,000 | 100,000 | 8 | 2 | APTU | 1995 |
| # 708 518 MOBERLY RD | 1,599,000 | 1,725,000 | 126,000 | 7 | 3 | APTU | 1989 |
| 2645 WATERLOO ST | 2,680,000 | 2,880,000 | 200,000 | 7 | 4 | HOUSE | 2012 |
| # 3206 610 GRANVILLE ST | 999,000 | 1,070,000 | 71,000 | 7 | 1 | APTU | 2006 |
| 4965 COLLEGE HIGHROAD BB | 2,798,000 | 2,993,000 | 195,000 | 7 | 5 | HOUSE | 1986 |
| 2370 PINE ST | 1,028,000 | 1,098,000 | 70,000 | 6 | 2 | TWNHS | 2008 |
| 1838 W 58TH AV | 2,988,000 | 3,180,000 | 192,000 | 6 | 4 | HOUSE | 2012 |
| 731 E 22ND AV | 1,035,000 | 1,100,000 | 65,000 | 6 | 2 | HOUSE | 1924 |
| 4752 CULLODEN ST | 989,000 | 1,049,000 | 60,000 | 6 | 6 | HOUSE | 2007 |
| 2050 W 62ND AV | 3,298,000 | 3,498,000 | 200,000 | 6 | 5 | HOUSE | 2013 |
| 2920 CELTIC AV | 3,300,000 | 3,500,000 | 200,000 | 6 | House | ||
| # 107 2255 W 5TH AV | 279,000 | 295,900 | 16,900 | 6 | 1 | APTU | 1974 |
| 2812 W 19TH AV | 1,738,000 | 1,838,000 | 100,000 | 5 | 5 | HOUSE | 1995 |
| 3273 W 38TH AV | 2,260,000 | 2,390,000 | 130,000 | 5 | 6 | HOUSE | 1995 |
| # 603 2288 PINE ST | 699,000 | 739,000 | 40,000 | 5 | 2 | APTU | 1993 |
| # 220 3250 W BROADWAY AV | 425,000 | 449,000 | 24,000 | 5 | 2 | APTU | 1990 |
| 3330 W KING EDWARD AV | 3,598,000 | 3,800,000 | 202,000 | 5 | 6 | HOUSE | 1922 |
| 5626 ELIZABETH ST | 1,788,000 | 1,888,000 | 100,000 | 5 | 4 | HOUSE | 1946 |
| # 111 2288 PINE ST | 899,000 | 948,000 | 49,000 | 5 | 3 | TWNHS | 1992 |
| # 101 5989 IONA DR | 816,000 | 860,000 | 44,000 | 5 | 2 | APTU | 2007 |
| 3007 W 38TH AV | 3,280,000 | 3,448,000 | 168,000 | 5 | 4 | HOUSE | 2013 |
| 1911 W 37TH AV | 2,226,000 | 2,338,000 | 112,000 | 5 | 6 | HOUSE | 1915 |
| 5530 COLUMBIA ST | 2,288,000 | 2,399,000 | 111,000 | 5 | 4 | HOUSE | 2012 |
| 2789 W 14TH AV | 1,898,000 | 1,988,000 | 90,000 | 5 | 5 | HOUSE | 2013 |
If you or any of your friends are thinking of buying or selling a property, please
email me at: ashuchat@shuchatgroup.com or call me at: 778-227-7325 to discuss
a detailed purchasing or marketing plan which could help save thousands of dollars.