Week 51 – Vancouver Real Estate Week in Review (December 12th, 2021 - December 18th, 2021)

The Vancouver real estate market is definitely seeing a holiday effect. Activity levels were subdued across the board.

Sales dipped slightly to 192 from 200.

New listings also fell to 187 (from 213). That's the first ime we've fallen below 200 new listings since the same time LAST year.

Active listings dropped to 2,651...the lowest level the city has seen since Week 2.

Despite this drop in activity we remain in Seller's Market with 3.45 MOI. In fact, we moved even further into a Seller's Market from 3.52 MOI the week before.

The hottest sub-markets remain East Van townhouses and condos. This week it's EV townhouses retaking the lead with 1.74 MOI on the back of an increase in sales from 14 to 18.

The weakest sub-market continues to be Westside houses with 5.91 MOI. However, that's a massive improvement over the 8.26 MOI from the previous week. In fact, it moves Westside houses into a balanced market for the first time in 2 months.

The next two weeks should see the market activity fall even more dramatically. I don't expect that to change until New Year's is behind us...but given how active things have been lately I suspect activity levels will ramp up very quickly.

City of Vancouver – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

Vancouver West (Westside)

Vancouver West – Houses – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

Vancouver West – Toiwnhouses – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

Vancouver West – Apartments – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

East Vancouver (East Van)

East Vancouver – Houses – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

East Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

East Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

Downtown Vancouver

Downtown Vancouver – Townhouses – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)

Downtown Vancouver – Apartments – Weekly Vancouver Real Estate Market Update – Week 51 (December 18th, 2021)


Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.