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“Fortune favours the brave." - Publius Terence

 

Attached are the Sales and Listings Stats updated to March 23, 2013. Units sold in Greater Vancouver have already surpassed the total for February thus far. March should finish with close to 2,400 sales – the highest amount since May 2012. Vancouver’s Westside is having a strong month for sales in March, we should see close to 500 units sold – the highest amount since May 2012. Vancouver’s Westside Detached is on pace to have the highest units sold in a month since March 2012. We are also seeing less new listings coming on this month, compared to a typical March. As a result, Sales to Listings Ratios (Absorption Rate) are up dramatically in March with Vancouver’s Westside on pace to be ahead of March 2012. Total Month’s Supply will also drop in all areas by the end of March.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

Summary of March 2013 so far:

  

Greater Vancouver All Residential: Total Units Sold in so far in March is 1,831– compared to a total of 1,822 in February 2013, Sales to Listings Ratio at 46% compared to 36% in February 2013.

 

Vancouver Westside All Residential: Total Units Sold in so far in March is 420 – compared to a total of 395 in February 2013, Sales to Listings Ratio at 53% compared to 37% in February 2013.

 

Vancouver Eastside All Residential: Total Units Sold in so far in March is 167 – compared to a total of 167 in February 2013, Sales to Listings Ratio at 44% compared to 37% in February 2013.

 

North Vancouver All Residential: Total Units Sold in so far in March is 156 – compared to a total of 156 in February 2013, Sales to Listings Ratio at 50% compared to 41% in February 2013.

 

West Vancouver All Residential: Total Units Sold in so far in March is 62 – compared to a total of 46 in February 2013, Sales to Listings Ratio at 39% compared to 20% in February 2013.

 

Richmond All Residential: Total Units Sold in so far in March is 209 – compared to a total of 221 in February 2013, Sales to Listings Ratio at 44% compared to 36% in February 2013.

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