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"All you need is love. But a little chocolate now and then doesn't hurt” – Charles M. Schultz

 

Sales and listings stats are attached as of February 12, 2017. Winter is showing signs of thawing and so is the real estate market in Metro Vancouver. The pace of sales in February has increased from January with numbers so far 60% above last month’s sales per day. That with the first two weeks of February suffering through some very nasty weather so far! Vancouver West side and North Vancouver detached sales are already ahead of January and on pace to be the best month since July last year. Vancouver East side and West Vancouver detached while a little slower are also on pace to be the best since July of last year. New listings are down dramatically though. With only 1,383 new listings in Greater Vancouver, this is far below the 3,108 at mid-month last February. The weather certainly has impacted sellers coming to market. As a result, the total active listings in Greater Vancouver is 7,841 compared to 8,033 at this time last year. The condo and townhouse market is continuing to see the greatest amount of multiple offers, a trend that is carrying on from last fall. That market segment continues to be light on inventory with new product being absorbed a quicker pace. Here is a summary of the activity so far:

 

Sales and Listings Stats Houses Townhouses Condos Feb 12 2017

 

Sales and Listings Stats All Regional Feb 12 2017

 

Greater Vancouver – 948 Units Sold so far in February 2017 (not quite mid-month) compared to 1,649 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 1,383 compared to 3,108 at mid-month in February 2016. Total Active Listings are at 7,841 (8,033 at the same time last year). Sales To Listings Ratio is at 69% compared to 37% in January 2017.

 

Vancouver West - 222 Units Sold so far in February 2017 (not quite mid-month) compared to 344 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 267 compared to 615 at mid-month in February 2016. Total Active Listings are at 1,325 (1,458 at the same time last year). Sales To Listings Ratio is at 83% compared to 30% in January 2017.

 

Vancouver East – 92 Units Sold so far in February 2017 (not quite mid-month) compared to 139 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 147 compared to 240 at mid-month in February 2016. Total Active Listings are at 894 (580 at the same time last year). Sales To Listings Ratio is at 63% compared to 33% in January 2017.

 

North Vancouver – 84 Units Sold so far in February 2017 (not quite mid-month) compared to 125 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 113 compared to 201 at mid-month in February 2016. Total Active Listings are at 398 (368 at the same time last year). Sales To Listings Ratio is at 74% compared to 36% in January 2017.

 

West Vancouver – 24 Units Sold so far in February 2017 (not quite mid-month) compared to 66 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 51 compared to 148 at mid-month in February 2016. Total Active Listings are at 414 (444 at the same time last year). Sales To Listings Ratio is at 47% compared to 13% in January 2017.

 

Richmond – 116 Units Sold so far in February 2017 (not quite mid-month) compared to 205 Units Sold in February 2016 at mid-month. Total New Listings so far in February 2017 are 184 compared to 383 at mid-month in February 2016. Total Active Listings are at 1,164 (1,174 at the same time last year). Sales To Listings Ratio is at 63% compared to 34% in January 2017.

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