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“An investment in knowledge always pays the best interest." - Benjamin Franklin

 

Attached are the Sales and Listings Stats updated to the end of July 2013. The summer sizzle was on, not only was it a record breaking month for fantastic weather, but the real estate in Vancouver was also quite hot. July proved to be the highest month for sales in Greater Vancouver in 2013 with 2,986 units sold, compared 2,668 in June 2013 and up 41% compared to July 2012 at 2,135. In fact, it was the highest amount of sales in the month of July since 2009. Richmond saw the biggest gain year over year, up 88% in July 2013 compared to July 2012. Pent up demand seems to have brought buyers to the market with activity strong through the month. What a difference a year can make!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in July 2013 was 2,986 – up from 2,668 in June 2013, up from 2,135 in July 2012; New Listings in July 2013 were even with June 2013; Month’s Supply of Total Residential Listings is down to 6 Months (Balanced Market).

Vancouver Westside Residential: Total Units Sold in July 2013 was 572 – down from 595 in June 2013, up from 406 in July 2012; New Listings in July 2013 were slightly up from June 2013; Month’s Supply of Total Residential Listings is even at 5 Months (Balanced to Seller’s Market).

Vancouver Eastside Residential: Total Units Sold in July 2013 was 326 – up from 279 in June 2013, up from 240 in July 2012; New Listings in July 2013 were even with June 2013; Month’s Supply of Total Residential Listings is down to 4 Months (Seller’s Market).

North Vancouver Residential:  Total Units Sold in July 2013 was 223 – up from 207 in June 2013, up from 144 in July 2012; New Listings in July 2013 were down from June 2013; Month’s Supply of Total Residential Listings is down to 5 Months (Balanced to Seller’s Market).

West Vancouver Houses: Total Units Sold in July 2013 was 110 – up from 94 in June 2013, up from 65 in July 2012; New Listings in July 2013 were down from June 2013; Month’s Supply of Total Residential Listings is down to 7 Months (Balanced Market).

Richmond Residential : Total Units Sold in July 2013 was 407 – up from 308 in June 2013, up from 217 in July 2012; New Listings in July 2013 were up from June 2013; Month’s Supply of Total Residential Listings is down to 6 Months (Balanced Market).

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