Vancouver Real Estate Market Report-Update for the Week


Blog by Arnold Shuchat | June 22nd, 2013


Here is a quick look at what turned out to be a great real estate week.  It looks like sellers weren't taking any chances of letting offers slip by and the absorption rates for the week are a great sign for sellers.  I mentioned last week that the uptick in mortgage rates would cause a short-term buyer appetite to complete deals to confirm rate holds that were now of short life span, and we can already see it in the numbers in the table below: (These numbers are only for the selling areas of Vancouver West and East.

 
This Week's Sales Report
New Listings Sales Absorption Rate %
Townhouses 36 18 50
Single Family homes 152 90 59
Duplexes 19 14 74
Apartments 230 184 80
Total New Listings 437 306 70

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.