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"Things do not happen. Things are made to happen." - John F Kennedy

 

Attached are the Sales and Listings Stats updated to the end of January 2015. In Greater Vancouver, January saw an increase in the number of homes sold compared to January 2014, up 8%. Total new listings coming on market in January were 4,887 compared to 5,498 in January 2014 – down 12%. As a result, Total Active Listings at month end were 11,753 compared to 13,577 in January 2014 – down 13%. In most areas throughout Greater Vancouver this theme was evident. Although in Vancouver’s West Side the total number of new listings in January were down 20% while the total active listings on market are down 17% year over year. With that limited amount of inventory, total units sold in Vancouver’s West Side in January were down slightly – 369 units sold in January 2015 compared to 393 in January 2014 (down 6%). There were a number of multiple offers in the market place – an all areas as a result of strong demand and limited inventory. With interest rates receiving downward pressure, this trend will continue as buyer demand remains strong. Spring appears to be here in Greater Vancouver’s real estate market!

 

January 2015 Sales and Listings Stats Houses Townhouses and Condos

 

January 2015 Sales and Listings Stats All Regional

 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in January 2015 was 1,948 – up from 1,804 (8%) in January 2014, up from 1,374 (42%) in January 2013; Active Listings are at 11,753 compared to 13,577 at this time last year; New Listings in January 2015 were down 12% compared to January 2014; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 40% compared to 33% in January 2014.

 

Vancouver Westside Residential: Total Units Sold in January 2015 was 369 – down from 393 (6%) in January 2014, up from (18%) in January 2013; Active Listings are at 2,023 compared to 2,435 at this time last year; New Listings in January 2015 were down 17% compared to January 2014; Month’s Supply of Total Residential Listings is steady at 5 Months (mostly a Seller’s Market) and a Sales to Listings Ratio of 37% compared to 32% in January 2014.

 

Vancouver Eastside Residential: Total Units Sold in January 2015 was 212 – up from 173 (23%) in January 2014, up from 140 (49%) in January 2013; Active Listings are at 847 compared to 955 at this time last year; New Listings in January 2015 were down 10% compared to January 2014; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market) and a Sales to Listings Ratio of 48% compared to 35% in January 2014.

 

North Vancouver Residential:  Total Units Sold in January 2015 was 149 – up from 121 (23%) in January 2014, up from 106 (41%) in January 2013; Active Listings are at 635 compared to 748 at this time last year; New Listings in January 2015 were down 8% compared to January 2014; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market) and a Sales to Listings Ratio of 40% compared to 30% in January 2014.

 

West Vancouver Houses: Total Units Sold in January 2015 was 58 – down from 62 (6%) in January 2014, up from 47 (23%) in January 2013; Active Listings are at 524 compared to 582 at this time last year; New Listings in January 2015 were down 1% compared to January 2014; Month’s Supply of Total Residential Listings is down to 9 Months (typically a Buyer’s Market but general conditions are more balanced in the higher end with the lower end seeing some Seller’s Market type of transactions) and a Sales to Listings Ratio of 24% compared to 25% in January 2014.

 

Richmond Residential: Total Units Sold in January 2015 was 287 – up from 265 (8%) in January 2014, up from 165 (74%) in January 2013; Active Listings are at 1,747 compared to 1,875 at this time last year; New Listings in January 2015 were down 4% compared to January 2014; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market) and a Sales to Listings Ratio of 39% compared to 34% in January 2014.

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