Back to Blog

"Little by little, one travels far." - J. R. R. Tolkien

 

 

Attached are the Sales and Listings Stats updated to the end of November 2013. November of this year saw a 38% increase in units sold compared to November 2012, albeit down 11% compared to October of this year in Greater Vancouver. November typically sees the real estate market wind down as we get closer to the holiday season. Total Active Listings are down 8% compared to this time last year.  Year to date, 2013 should finish 12 to 15% above 2012 for total units sold in Greater Vancouver. In their Fall Housing Market Outlook, the Canada Mortgage and Housing Corporation (CMHC) outlined that existing home sales are expected to increase in 2014 by 8% with the market to remain in balanced conditions. This is to be supported with an increase in economic and job growth projected in 2014. Further strengthening in global economies will benefit Vancouver and help sustain economic growth. And of course, pent up demand in our housing market will continue to be a positive factor moving forward.

 

New for this month’s sales and listings stats is the addition of statistics for Burnaby, New Westminster, Port Moody, Port Coquitlam, Coquitlam, Tsawwassen and Ladner.

 sales and listings stats vancouver and surrounding by dwelling type nov 2013

sales and listings stats vancouver and surrounding all residential nov 2013

sales and listings stats suburbs all residential nov 2013

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in November 2013 was 2,390 – down from 2,698 (11%) in October 2013, up from 1,733 (38%) in November 2012; New Listings in November 2013 were down 25% from October 2013; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market).

Vancouver Westside Residential: Total Units Sold in November 2013 was 488 – down from 579 (16%) in October 2013, up from 358 (36%) in November 2012; New Listings in November 2013 were down 26% from October 2013; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market).

Vancouver Eastside Residential: Total Units Sold in November 2013 was 282 – down from 288 (2%) in October 2013, up from 197 (43%) in November 2012; New Listings in November 2013 were down 26% from October 2013; Month’s Supply of Total Residential Listings is steady at 4 Months (Bordering on Seller’s Market).

North Vancouver Residential:  Total Units Sold in November 2013 was 197 – down from 221 (11%) in October 2013, up from 145 (36%) in November 2012; New Listings in November 2013 were down 34% from October 2013; Month’s Supply of Total Residential Listings is steady at 4 Months (Bordering on Seller’s Market).

West Vancouver Residential: Total Units Sold in November 2013 was 89 – down from 110 (19%) in October 2013, up from 45 (98%) in November 2012; New Listings in November 2013 were down 34% from October 2013; Month’s Supply of Total Residential Listings is steady at 7 Months (Balanced Market).

Richmond Residential: Total Units Sold in November 2013 was 290 – down from 327 (11%) in October 2013, up from 210 (56%) in November 2012; New Listings in November 2013 were down 10% from October 2013; Month’s Supply of Total Residential Listings is steady at 7 Months (Balanced Market).

 

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above: