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“People don’t run out of dreams – people just run out of time." – Glenn Frey

 

Sales and listings stats are attached as of January 16, 2016. January has started out of the gates with the hangover of a busy 2015 but quickly the appetite for the drink we call Metro Vancouver Real Estate has been increasing. With 999 sales so far this month, we are off the pace of last month after the same amount of time but we are still waiting for more listings to come on market to satisfy the continued demand. January is traditionally a slow starting month, with the first two weeks being the slowest. Here is a summary of the activity so far:

 

Sales and Listings Stats Houses Townhouses Condos Jan 16 2016

 

Sales and Listings Stats All Regional Jan 16 2016

 

Greater Vancouver – 999 Units Sold so far in January 2016 compared to 1,350 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 2,028 compared to 4,887 total in January 2015. Total Active Listings are at 6,871 (6,844 at the end of December). Sales To Listings Ratio is at 49% compared to 40% in January 2015.

 

Vancouver West - 192 Units Sold so far in January 2016 compared to 250 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 406 compared to 1,002 total in January 2015. Total Active Listings are at 1,092 (1,077 at the end of December). Sales To Listings Ratio is at 47% compared to 37% in January 2015.

 

Vancouver East – 74 Units Sold so far in January 2016 compared to 121 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 181 compared to 441 total in January 2015. Total Active Listings are at 472 (434 at the end of December). Sales To Listings Ratio is at 41% compared to 48% in January 2015.

 

North Vancouver – 56 Units Sold so far in January 2016 compared to 107 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 137 compared to 373 total in January 2015. Total Active Listings are at 280 (245 at the end of December). Sales To Listings Ratio is at 41% compared to 40% in January 2015.

 

West Vancouver – 45 Units Sold so far in January 2016 compared to 41 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 106 compared to 241 total in January 2015. Total Active Listings are at 366 (363 at the end of December). Sales To Listings Ratio is at 42% compared to 24% in January 2015.

 

Richmond – 146 Units Sold so far in January 2016 compared to 185 Units Sold in December 2015 at mid-month. Total New Listings so far in January are 267 compared to 742 total in January 2015. Total Active Listings are at 1,046 (1,105 at the end of December). Sales To Listings Ratio is at 55% compared to 39% in January 2015.

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