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"I can be changed by what happens to me. But I refuse to be reduced by it." - Maya Angelou

 

Attached are the Sales and Listings Stats updated to the end of January 2016. A Happy New Year it has been for Sellers! The activity in our real estate market continued on from where it left off in 2015. In Greater Vancouver, January saw an increase in the number of homes sold compared to January 2015, up 32%. In fact it was the second highest January on record for homes sold. Total new listings coming on market in January were 4,551 compared to 4,887 (down 7%) in January 2015 and down from 5,498 (17%) in January 2014. As a result, Total Active Listings at month end were 7,431 compared to 11,753 in January 2015 – down 37%. In most areas throughout Greater Vancouver a strong January for sales was evident, with West Vancouver (58%), Coquitlam (69%), Tsawwassen (87%) and Richmond (38%) doing even better than most areas in terms of year over year sales by units.

 

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, Real Estate Board of Greater Vancouver president said.

 

Sales and Listings Stats Houses Townhouses Condos for January 2016

 

Sales and Listings Stats All Regional for January 2016

 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in January 2016 was 2,574 – up from 1,948 (32%) from January 2015, up from 1,804 (43%) in January 2014; Active Listings are at 7,431 compared to 11,753 at this time last year; New Listings in January 2016 were down 7% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 57% compared to 40% in January 2015.

 

Vancouver Westside Residential: Total Units Sold in January 2016 was 473 – up from 369 (28%) from January 2015, up from 393 (20%) in January 2014; Active Listings are at 1,285 compared to 2,023 at this time last year; New Listings in January 2016 were down 2% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 48% compared to 37% in January 2015.

 

Vancouver Eastside Residential: Total Units Sold in January 2016 was 207 – down from 212 (2%) from January 2015, up from 173 (20%) in January 2014; Active Listings are at 524 compared to 847 at this time last year; New Listings in January 2016 were down 11% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 53% compared to 48% in January 2015.

 

North Vancouver Residential:  Total Units Sold in January 2016 was 167 – up from 149 (12%) from January 2015, up from 121 (38%) in January 2014; Active Listings are at 318 compared to 635 at this time last year; New Listings in January 2016 were down 17% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 2 Months (Extreme Seller’s Market) and a Sales to Listings Ratio of 54% compared to 40% in January 2015.

 

West Vancouver Houses: Total Units Sold in January 2016 was 108 – up from 58 (86%) from January 2015, up from 62 (74%) in January 2014; Active Listings are at 403 compared to 524 at this time last year; New Listings in January 2016 were down 2% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market) and a Sales to Listings Ratio of 46% compared to 24% in January 2015.

 

Richmond Residential: Total Units Sold in January 2016 was 396 – up from 287 (38%) from January 2015, up from 265 (49%) in January 2014; Active Listings are at 1,077 compared to 1,747 at this time last year; New Listings in January 2016 were down 17% compared to January 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 64% compared to 39% in January 2015.

 

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