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"A stumbling block to the pessimist is a stepping-stone to the optimist." - Eleanor Roosevelt

 

Attached are the Sales and Listings Stats updated to the end of February 2014. February continued on with a stronger market compared to this time last year. With the distractions of the Winter Olympics and changes in Federal Immigration policy during the month, February provided proof that there is strength in Greater Vancouver’s Real Estate Market. Greater Vancouver sales were up 41% from February 2013 with active listings down 8% and new listings in February down 12% from January 2014. Vancouver’s Eastside Market was up 87% compared to February 2013, proving to be the best performing market in Greater Vancouver.

 

Here’s a summary of the numbers:

 sales and listings stats all residential feb 2014

sales and listings stats houses townhouses condos feb 2014

Greater Vancouver: Total Units Sold in February 2014 was 2,570 – up from 1,804 in January 2014, up from 1,822 in February 2013; Active Listings are at 14,439 compared to 15,758 at this time last year; Month’s Supply of Total Residential Listings is at 6 Months (Balanced Market), down from 8 Months in January.

Vancouver Westside Residential: Total Units Sold in February 2014 was 545 – up from 393 in January 2014, up from 395 in February 2013; Active Listings are at 2,611 compared to 2,906 at this time last year; Month’s Supply of Total Residential Listings is at 5 Months (Balanced Market), down from 6 Months in January.

Vancouver Eastside Residential: Total Units Sold in February 2014 was 313 – up from 173 in January 2014, up from 167 in February 2013; Active Listings are at 1,039 compared to 1,194 at this time last year; Month’s Supply of Total Residential Listings is at 3 Months (Seller’s Market), down from 6 Months in January.

North Vancouver Residential:  Total Units Sold in February 2014 was 206 – up from 121 in January 2014, up from 156 in February 2013; Active Listings are at 868 compared to 890 at this time last year; Month’s Supply of Total Residential Listings is at 4 Months (Seller’s Market), down from 6 Months in January.

West Vancouver Houses: Total Units Sold in February 2014 was 87 – up from 62 in January 2014, up from 46 in February 2013; Active Listings are at 615 compared to 700 at this time last year; Month’s Supply of Total Residential Listings is at 7 Months (Balanced Market), down from 9 Months in January.

Richmond Residential: Total Units Sold in February 2014 was 341 – up from 265 in January 2014, up from 221 in February 2013; Active Listings are at 2,000 compared to 2,179 at this time last year; Month’s Supply of Total Residential Listings is at 6 Months (Balanced Market), down from 7 Months in January.

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