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May you have the hindsight to know where you’ve been, the foresight to know where you are going, and the insight to know when you have gone too far. – Irish Proverb

 

Sales and listings stats are attached as of March 14, 2016. The listings just ain’t a coming! So far March is on track with February sales, although with spring break upon us we could see that drop slightly. What’s apparent so far though is that the number of listings coming on market is on pace to be lower than February this year and March 2015. Demand and Supply are still very much at opposite ends of the spectrum. Here is a summary of the activity so far:

 

Sales and Listings Stats All Regional March 13 2016

 

Sales and Listings Stats Houses Townhouses Condos March 13, 2016

 

Greater Vancouver – 1,660 Units Sold so far in March 2016 compared to 1,649 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 2,187 compared to 6,168 total in March 2015. Total Active Listings are at 8,200. Sales To Listings Ratio is at 76% compared to 71% in February 2016.

 

Vancouver West - 318 Units Sold so far in March 2016 compared to 344 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 371 compared to 1,250 total in March 2015. Total Active Listings are at 1,396. Sales To Listings Ratio is at 86% compared to 71% in February 2016.

 

Vancouver East – 163 Units Sold so far in March 2016 compared to 139 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 200 compared to 523 total in March 2015. Total Active Listings are at 606. Sales To Listings Ratio is at 82% compared to 66% in February 2016.

 

North Vancouver – 132 Units Sold so far in March 2016 compared to 125 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 135 compared to 516 total in March 2015. Total Active Listings are at 378. Sales To Listings Ratio is at 98% compared to 71% in February 2016.

 

West Vancouver – 57 Units Sold so far in March 2016 compared to 66 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 87 compared to 300 total in March 2015. Total Active Listings are at 443. Sales To Listings Ratio is at 66% compared to 61% in February 2016.

 

Richmond – 208 Units Sold so far in March 2016 compared to 205 Units Sold in February 2016 at mid-month. Total New Listings so far in February are 342 compared to 763 total in March 2015. Total Active Listings are at 1,184. Sales To Listings Ratio is at 61% compared to 70% in February 2016.

 

Have a happy St. Patrick’s Day!

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