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Why should you never iron a 4-leaf clover? You don't want to press your luck – Daryl Stout

 

May the luck of the Irish be with you!

 

Sales and listings stats are attached as of March 15th. March has provided the two strongest weeks for sales so far in 2015 with nearly 900 sales each week in Greater Vancouver. At the mid-point of March, sales are up 21% compared to the same point in February. Total New Listings so far in March for Greater Vancouver are up 7% compared to mid-month in February. So while there are a greater number of new listings coming on market, the pace of demand is stronger which is evident in the higher sales to listings ratio. To date in March Sales to Listings Ratio is at 60% compared to 56% in February and 50% in March of 2014. With spring break upon us, the amount of sales will likely drop slightly over the last two and a half weeks of the month compared to the first two weeks. At the current pace, March 2015 should have the highest level of sales in a month since March 2011. Here is a summary of the activity so far:

 

 

Sales and Listings Stats March 15 2015 Houses Townhouses and Condos


Sales and Listings Stats March 15 2015 All Regional

 

 

Greater Vancouver – 1,777 Units Sold so far in March 2015 compared to 1,373 Units Sold at the same time in February 2015. Total New Listings so far in March are 2,964 compared to 2,783 at the same time in February 2015. Total Active Listings are at 13,311 (15,144 at the same time in March 2014), Sales To Listings Ratio is at 60% compared to 56% in February 2015.

 

Vancouver West - 357 Units Sold so far in March 2015 compared to 288 Units Sold at the same time in February 2015. Total New Listings so far in March are 559 compared to 632 at the same time in February 2015. Total Active Listings are at 2,405 (2,717 at the same time in March 2014), Sales To Listings Ratio is at 64% compared to 50% in February 2015.

 

Vancouver East – 212 Units Sold so far in March 2015 compared to 174 Units Sold at the same time in February 2015. Total New Listings so far in March are 298 compared to 284 at the same time in February 2015. Total Active Listings are at 927 (1,078 at the same time in March 2014), Sales To Listings Ratio is at 62% compared to 48% in February 2015.

 

North Vancouver – 201 Units Sold so far in March 2015 compared to 127 Units Sold at the same time in February 2015. Total New Listings so far in March are 251 compared to 230 at the same time in February 2015. Total Active Listings are at 781 (916 at the same time in March 2014), Sales To Listings Ratio is at 80% compared to 56% in February 2015.

 

West Vancouver – 62 Units Sold so far in March 2015 compared to 73 Units Sold at the same time in February 2015. Total New Listings so far in March are 94 compared to 144 at the same time in February 2015. Total Active Listings are at 608 (632 at the same time in March 2014), Sales To Listings Ratio is at 66% compared to 49% in February 2015.

 

Richmond – 232 Units Sold so far in March 2015 compared to 196 Units Sold at the same time in February 2015. Total New Listings so far in March are 368 compared to 376 at the same time in February 2015. Total Active Listings are at 1,905 (2,079 at the same time in March 2014), Sales To Listings Ratio is at 63% compared to 54% in February 2015.

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