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Most people never run far enough on their first wind to find out they've got a second." - William James

 

Attached are the Sales and Listings Stats updated to the end of November 2014. In Greater Vancouver, November saw a decrease in the number of homes sold compared to October, down 18%. Typical of this time of year, although the decrease in sales in 2013 in November compared to October was 11% and in 2012 in November compared to October was 12%. Sales in November were 7% higher than November 2013 and 48% higher than November 2012. New listings in November were down 33% compared to October and down 7% compared to November. Total Active Listings were at 13,698 at month end compared to 15,052 at the end of November 2013 – down 9%. A reduction in listings creates less opportunity for buyers and creates competition that results in multiple offers and some buyer frustration. Sales to Listings Ratios are higher in all markets, showing that buyers are active and buying new listings coming on market at a greater pace than last year. In some markets like East Vancouver’s Detached Market, there were more sales than listings resulting in a Sales to Listings Ratio of 118%. The Detached Market in North Vancouver similarly had a Sales to Listings Ratio of 112%. Ladner and Tsawwassen All Residential Markets were at 100% and 114% Sales to Listings Ratios respectively.

 

Total Active Listings will continue to decline as the year draws to a close and it is likely the New Year will start with less than 10,000 active listings in Greater Vancouver in January 2015. For those looking to sell, it creates an opportunity to face less competition among consistent buyer demand.

 

 

November 2014 Sales and Listings Stats All Residential

 

November 2014 Sales and Listings Stats Houses Townhouses and Condos

 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in November 2014 was 2,567 – down from 3,113 (18%) in October 2014, up from 2,390 (7%) in November 2013; Active Listings are at 13,698 compared to 15,052 at this time last year; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 83% compared to 68% in October 2014 and 71% in November 2013.

 

Vancouver Westside Residential: Total Units Sold in November 2014 was 493 – down from 658 (25%) in October 2014, up from 488 (1%) in November 2013; Active Listings are at 2,349 compared to 2,536 at this time last year; Month’s Supply of Total Residential Listings is at 5 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 84% compared to 72% in October 2014 and 73% in November 2013.

 

Vancouver Eastside Residential: Total Units Sold in November 2014 was 284 – down from 340 (16%) in October 2014, up from 282 (1%) in November 2013; Active Listings are at 1,046 compared to 1,128 at this time last year; Month’s Supply of Total Residential Listings is at 4 Months (Mostly a Seller’s Market) and a Sales to Listings Ratio of 89% compared to 72% in October 2014 and 83% in November 2013.

 

North Vancouver Residential:  Total Units Sold in November 2014 was 190 – down from 218 (13%) in October 2014, down from 197 (4%) in November 2013; Active Listings are at 753 compared to 872 at this time last year; Month’s Supply of Total Residential Listings is at 4 Months (Mostly a Seller’s Market) and a Sales to Listings Ratio of 89% compared to 67% in October 2014 and 81% in November 2013.

 

West Vancouver Houses: Total Units Sold in November 2014 was 79 – down from 99 (20%) in October 2014, down from 89 (10%) in November 2013; Active Listings are at 568 compared to 647 at this time last year; Month’s Supply of Total Residential Listings is at 7 Months (Balanced Market) and a Sales to Listings Ratio of 75% compared to 53% in October 2014 and 71% in November 2013.

 

Richmond Residential: Total Units Sold in November 2014 was 330 – down from 407 (19%) in October 2014, up from 290 (14%) in November 2013; Active Listings are at 2,023 compared to 2,069 at this time last year; Month’s Supply of Total Residential Listings is at 6 Months (Balanced Market) and a Sales to Listings Ratio of 74% compared to 66% in October 2014 and 59% in November 2013.

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