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"Pull the string, and it will follow wherever you wish. Push it, and it will go nowhere at all." - Dwight Eisenhower

 

Sales and listings stats are attached as of April 16, 2017. The pace of April sales is close to matching that of March, unfortunately the same is not true of new listings. While the level of sales are not at the record pace of last year, they are typical for a spring market and continue to be dominated by apartment and townhouses. Inventory in those market segments are still well short of the demand without an increase in new listings to ease the competition buyers are experiencing. The pace should increase for both sales and listings as the second half of the month continues post Easter. Here is a summary of the activity so far:

 

Sales and Listings Stats All Regional April 16 2017

 

Sales and Listings Stats Houses Townhouses Condos April 16 2017

 

Greater Vancouver – 1,674 Units Sold so far in April 2017 and should finish with approximately 3,500 sales compared to 3,632 units sold in March 2017. Total New Listings so far in April 2017 are 2,308 and should finish with approximately 4,600 compared to 4,891 in March 2017. Total Active Listings are at 8,193 (8,236 at the same time last year). Sales To Listings Ratio is at 73% compared to 74% in March 2017.

 

Vancouver West - 263 Units Sold so far in April 2017 and should finish with approximately 580 sales compared to 616 units sold in March 2017. Total New Listings so far in April 2017 are 407 and should finish with approximately 800 compared to 824 in March 2017. Total Active Listings are at 1,359 (1,331 at the same time last year). Sales To Listings Ratio is at 65% compared to 75% in March 2017.

 

Vancouver East – 162 Units Sold so far in April 2017 and should finish with approximately 350 sales compared to 384 units sold in March 2017. Total New Listings so far in April 2017 are 268 and should finish with approximately 520 compared to 529 in March 2017. Total Active Listings are at 1,025 (643 at the same time last year). Sales To Listings Ratio is at 60% compared to 73% in March 2017.

 

North Vancouver – 120 Units Sold so far in April 2017 and should finish with approximately 250 sales compared to 261 units sold in March 2017. Total New Listings so far in April 2017 are 150 and should finish with approximately 300 compared to 342 in March 2017. Total Active Listings are at 400 (338 at the same time last year). Sales To Listings Ratio is at 80% compared to 746 in March 2017.

 

West Vancouver – 42 Units Sold so far in April 2017 and should finish with approximately 90 sales compared to 97 units sold in March 2017. Total New Listings so far in April 2017 are 99 and should finish with approximately 200 compared to 209 in March 2017. Total Active Listings are at 481 (432 at the same time last year). Sales To Listings Ratio is at 42% compared to 46% in March 2017.

 

Richmond – 228 Units Sold so far in April 2017 and should finish with approximately 500 sales compared to 537 units sold in March 2017. Total New Listings so far in April 2017 are 290 and should finish with approximately 590 compared to 683 in March 2017. Total Active Listings are at 1,103 (1,192 at the same time last year). Sales To Listings Ratio is at 79% compared to 79% in March 2017.

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