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Change your thoughts and you change your world." - Norman Vincent Peale

 

Attached are the Sales and Listings Stats up to the end of January 2013. The New Year has started on better terms than how it finished. With unit sales in January 2013 up from December 2012 and the number of new listings coming on market slowing, the result was the Month’s Supply declining in all areas. Energy in the real estate market is returning and with it sales should continue to increase. While not at levels previously seen in the frenetic markets but creating more of a balance, one that will still favour buyers to a degree. With that pricing continues to be a determining factor on listings selling. Properties listed at today’s prices will speak to buyers more than what continues on market at yesterday’s prices. With interest rates continuing at low levels and better sentiment in the economy, a better positive feeling in the market will help to create a better atmosphere.

 Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

 

Greater Vancouver: Total Units Sold in January 2013 was 1,374 – up from 1,171 in December 2012; New Listings in January 2013 were down 11% to January 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 12 (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in January 2013 was 83 – up from 49 in December 2012; New Listings in January 2013 were down 31% to January 2012; Month’s Supply of Total Listings is down to 9 Months from 14 (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in January 2013 was 200 – up from 156 in December 2012; New Listings in January 2013 were down 12% to January 2012; Month’s Supply of Total Listings is down to 8 Months from 10 (Buyer’s Market).

 

Vancouver Eastside Houses: Total Units Sold in January 2013 was 56 – up from 54 in December 2012; New Listings in January 2013 were down 20% to January 2012; Month’s Supply of Total Listings is down to 8 Months from 9 (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in January 2013 was 57 – up from 53 in December 2012; New Listings in January 2013 were up 10% to January 2012; Month’s Supply of Total Listings stayed at 8 (Buyer’s Market).

 

North Vancouver Houses: Total Units Sold in January 2013 was 52 – up from 32 in December 2012; New Listings in January 2013 were up 19% to January 2012; Month’s Supply of Total Listings is down to 6 Months from 9 (Balanced Market).

North Vancouver Condos: Total Units Sold in January 2013 was 38 – up from 34 in December 2012; New Listings in January 2013 were down 19% to January 2012; Month’s Supply of Total Listings stayed at 9 (Buyer’s Market).

 

West Vancouver Houses: Total Units Sold in January 2013 was 38 – up from 29 in December 2012; New Listings in January 2013 were down 16% to January 2012; Month’s Supply of Total Listings is down to 11 Months from 14 (Buyer’s Market).

 

Richmond Houses: : Total Units Sold in January 2013 was 63 – up from 44 in December 2012; New Listings in January 2013 were down 24% to January 2012; Month’s Supply of Total Listings is down to 13 Months from 19 (Buyer’s Market).

Richmond Condos: Total Units Sold in January 2013 was 59 – up from 54 in December 2012; New Listings in January 2013 were down 25% to January 2012; Month’s Supply of Total Listings is down to 12 Months from 14 (Buyer’s Market).

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