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Attached are the Sales and Listings Stats updated to February 23rd. While unit sales for February will be down from February 2012 and below the 10 year average, market conditions are improving. Strength is coming back into the market. We are seeing less inventory coming on market than would normally for this time of year. Sales to Listings Ratios (Absorption Rate) for all areas are improving, most notably on Vancouver’s West Side and Richmond – which were two markets seeing the most significant market adjustment. Market conditions continue to balance with those Sellers at today’s prices getting the attention of Buyers.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

Summary of February 2013 so far:

  

Greater Vancouver All Residential: Total Units Sold in so far in February is 1,425, should finish at 1,900 – up from 1,374 in January 2013, 4,119 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 42% compared to the first 2 weeks of the month at 32%.

 

Vancouver Westside All Residential: Total Units Sold in so far in February is 313, should finish at 420 – up from 314 in January 2013, 884 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 46% compared to the first 2 weeks of the month at 31%.

 

Vancouver Eastside All Residential: Total Units Sold in so far in February is 140, should finish at 190 – up from 140 in January 2013, 357 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 39% on track with the first 2 weeks of the month at 31%.

 

North Vancouver All Residential: Total Units Sold in so far in February is 125, should finish at 170 – up from 106 in January 2013, 305 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 43% compared to the first 2 weeks of the month at 40%.

 

West Vancouver All Residential: Total Units Sold in so far in February is 36, should finish at 50 – up from 47 in January 2013, 192 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 23% compared to the first 2 weeks of the month at 17%.

 

Richmond All Residential: Total Units Sold in so far in February is 163, should finish at 210 – up from 165 in January 2013, 533 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 51% compared to the first 2 weeks of the month at 23%.

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