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"Stop looking back, you’re not going that way" – From Christina Ashby

 

Twas the weeks before Christmas and all through the market

Listings were scarce, as if stuffed in a pocket

Our agents’ offers were presented so diligently with care

In hopes that Sellers would be kind enough to sell them their ware

 

Dexter agents were all gathered trying to prepare

Always going the extra mile because they really do care

While shopping and dinners come this time of year

They don’t dare skip out and miss an offer that may be near

 

When all of a sudden, there was the sound of a loud chime

And it was clear that Kevin’s stats had in fact come just in time

Huddled around their screens with such care

It was clear where the market was after such a long stare

 

With open houses, and tours and the search still going on

Everyone is so busy right now before the year is gone

Go Calendars, go cards, and go bottles of good cheer

There is lots to do and get done to finish this fine year

 

Just remember one thing that will help you through

These stats will still come to help you and next year too

And with the click of the mouse and a chance to say “phew”

I wish you all a Merry Christmas and Happy New Year too!

 

Sales and Listings Stats Houses Townhouses Condos November 2015

 

 Sales and Listings Stats All Regional November 2015

 

Attached are the Sales and Listings Stats updated to the end of November 2015. November finished with 3,603 sales in Greater Vancouver – the only higher November for sales was 1989. Despite a shrinking inventory of homes for sale, the market remains very active. Total listings available as of November 30th were at 9,017 homes in Greater Vancouver. This past month Active Listings in Vancouver were a record low for the month of November, and in fact this November shattered that with 23% fewer properties on the market. Most other neighbourhoods followed suit. “November is typically one of the quietest months of the year in our housing market, but not this year,” Darcy McLeod, REBGV president said.

 

While most areas experienced a slight drop in sales in November compared to October, a few areas such as New Westminster, Richmond and Vancouver’s Westside were at the same level or above October sales. Sales to Listings Ratios in most markets were above 100% meaning that there were more sales in the month than new listings. Greater Vancouver saw a Sales to Listings Ratio at 102% in November, compared to 83% in November 2014 and 71% in November 2013. This contributes to the rapid decline in inventories throughout the region. This trend is actually being experienced across the province and country and was reported as a factor in the decline of resale properties for October and November in the United States.

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in November 2015 was 3,603 – down from 3,714 (3%) in October 2015, up from 2,567 (40%) in November 2014, up from 2,390 (51%) in November 2013; Active Listings are at 9,017 compared to 13,698 at this time last year and 10,513 at the end of October; New Listings in November 2015 were down 17% compared to October 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 102% compared to 88% in October 2015 and 83% in November 2014.

 

Vancouver Westside Residential: Total Units Sold in November 2015 was 694 – down from 700 (1%) in October 2015, up from 493 (41%) in November 2014, up from 488 (42%) in November 2013; Active Listings are at 1,466 compared to 2,349 at this time last year and 1,787 at the end of October; New Listings in November 2015 were down 23% compared to October 2015; Month’s Supply of Total Residential Listings is down to 2 Months (Seller’s Market) and a Sales to Listings Ratio of 107% compared to 84% in October 2015 and 84% in November 2014.

 

Vancouver Eastside Residential: Total Units Sold in November 2015 was 333 – down from 357 (7%) in October 2015, up from 284 (17%) in November 2014, up from 282 (17%) in November 2013; Active Listings are at 630 compared to 1,046 at this time last year and 753 at the end of October; New Listings in November 2015 were down 17% compared to October 2015; Month’s Supply of Total Residential Listings is steady at 2 Months (Seller’s Market) and a Sales to Listings Ratio of 99% compared to 89% in October 2015 and 89% in November 2014.

 

North Vancouver Residential: Total Units Sold in November 2015 was 274 – down from 289 (5%) in October 2015, up from 190 (44%) in November 2014, up from 197 (39%) in November 2013; Active Listings are at 399 compared to 753 at this time last year and 494 at the end of October; New Listings in November 2015 were down 7% compared to October 2015; Month’s Supply of Total Residential Listings is down to 1 Months (Seller’s Market) and a Sales to Listings Ratio of 102% compared to 100% in October 2015 and 89% in November 2014.

 

West Vancouver Residential: Total Units Sold in November 2015 was 108 – down from 148 (27%) in October 2015, up from 79 (37%) in November 2014, up from 89 (21%) in November 2013; Active Listings are at 468 compared to 568 at this time last year and 545 at the end of October; New Listings in November 2015 were down 29% compared to October 2015; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market) and a Sales to Listings Ratio of 78% compared to 75% in October 2015 and 75% in November 2014.

 

Richmond Residential: Total Units Sold in November 2015 was 501 – up from 488 (3%) in October 2015, up from 330 (52%) in November 2014, up from 290 (73%) in November 2013; Active Listings are at 1,348 compared to 2,023 at this time last year and 1,529 at the end of October; New Listings in November 2015 were down 8% compared to October 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 93% compared to 83% in October 2015 and 74% in November 2014.

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