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

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