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"A different world cannot be built by indifferent people." - Nelson Mandela

 

Sales and listings stats are attached as of August 21. August sales for Greater Vancouver so far are showing a slight slowing in the market compared to July and the previous 4 months. Sales for August are likely to finish with 3,500 units – down from 4,038 in July. Typical of the summer months, August more often than not has seen less sales than July. With a fall off of demand in August, similarly we see the total number of new listings decline in August. September will be starting with an under inventoried market, prime for sellers to list. Here is a summary of the activity so far:

 

Sales and Listings Stats Houses Townhouses Condos August 21 2015

 

Sales and Listings Stats All Regional August 21 2015 

 

Greater Vancouver – 2,432 Units Sold so far in August 2015 compared to 2,820 Units Sold in August 2014. Total New Listings so far in August are 3,191 compared to 5,274 total in July 2015. Total Active Listings are at 12,190 (16,283 at the same time in August 2014 – down 25%), Sales To Listings Ratio is at 76% compared to 77% in July 2015.

 

Vancouver West - 558 Units Sold so far in August 2015 compared to 554 Units Sold in August 2014. Total New Listings so far in August are 620 compared to 1,061 total in July 2015. Total Active Listings are at 1,948 (2,896 at the same time in August 2014 – down 33%), Sales To Listings Ratio is at 90% compared to 76% in July 2015.

 

Vancouver East – 203 Units Sold so far in August 2015 compared to 296 Units Sold in August 2014. Total New Listings so far in August are 370 compared to 495 total in July 2015. Total Active Listings are at 903 (1,151 at the same time in August 2014 – down 21%), Sales To Listings Ratio is at 55% compared to 79% in July 2015.

 

North Vancouver – 150 Units Sold so far in August 2015 compared to 197 Units Sold in August 2014. Total New Listings so far in August are 194 compared to 305 total in July 2015. Total Active Listings are at 562 (883 at the same time in August 2014 – down 36%), Sales To Listings Ratio is at 77% compared to 93% in July 2015.

 

West Vancouver – 66 Units Sold so far in August 2015 compared to 110 Units Sold in August 2014. Total New Listings so far in August are 116 compared to 202 total in July 2015. Total Active Listings are at 602 (701 at the same time in August 2014 – down 14%), Sales To Listings Ratio is at 57% compared to 54% in July 2015.

 

Richmond – 314 Units Sold so far in August 2015 compared to 365 Units Sold in August 2014. Total New Listings so far in August are 473 compared to 764 total in July 2015. Total Active Listings are at 1,781 (2,383 at the same time in August 2014 – down 25%), Sales To Listings Ratio is at 66% compared to 71% in July 2015.

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