Current Market Conditions

Welcome to the DEXTER ASSOCIATES REALTY STATISTICAL UPDATE PAGE. We want to ensure that our REALTORS® and our clients are well informed on current market conditions.

In our Blog below you will find a weekly market update. Within the Blog, there are 2 links updated weekly that separate and break down listing and sales statistics for market areas in and around the City of Vancouver. One link combines all residential types of properties for a select group of market areas and another link breaks down those areas by houses, townhouses and apartments.

If you have any questions at all, do not hesitate to contact one of our Dexter Associates!

 

Attached are the Sales and Listings Stats updated to July 28, 2013. Sales have been quite strong for this July compared to July 2012. Units sold in all areas will be greater in July 2013 compared to July 2012. Sales for Greater Vancouver in July 2013 are on track to be great than June 2013 as well – similar to most sub areas with Richmond showing the strongest increase. Richmond has shown to be one of the best performing markets this month and could well double the number of units sold compared to July 2012. The number of listings coming on market continue to decline each month with July following the trend, as a result the total number of active listings on market is coming down.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

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Stop worrying about the potholes in the road and enjoy the journey." - Babs Hoffman

 

Attached are the Sales and Listings Stats updated to the end of June 2013. As is typical in June, units sold tend to be lower than May as buyers and sellers gear up for summer and the end of school. But we did see an 11.2% increase in units sold for June 2013 over June 2012 in Greater Vancouver. This is the largest year over year increase in 2 years. In Greater Vancouver new listings in June were down 13.8% compared to May 2013 and down 12.4% compared to June 2012. Total Active Listings on market are down 6.2% compared at the end of June compared to end of June 2012. With an increase in fixed mortgage rates there will be an increase in buyer demand over the next few months which should help move through inventory in the market. Balanced conditions continue to be present in the market with a focus continuing to be on pricing. Competitively priced properties are getting buyer attention and selling quicker.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in June 2013 was 2,668 – up from 2,398 in June 2012, down from 2,937 in May 2013; New Listings in June 2013 were down 13.8% to May 2013; Month’s Supply of Total Residential Listings is up to 7 Months from 6 (Balanced Market).

 

Vancouver Westside Residential: Total Units Sold in June 2013 was 595 – up from  479 in June 2012, down from 654 in May 2013; New Listings in June 2013 were down 15% to May 2013; Month’s Supply of Total Residential Listings is steady at 5 Months  (Balanced Market).

 

Vancouver Eastside Residential: Total Units Sold in June 2013 was 279 – down from 281 in June 2012, down from 335 in May 2013; New Listings in June 2013 were down 10.8% to May 2013; Month’s Supply of Total Residential Listings is up to 5 Months from 4 (Balanced Market ).

 

North Vancouver Residential:  Total Units Sold in June 2013 was 207 – up from 163 in June 2012, down from 217 in May 2013; New Listings in June 2013 were down 9.4% to May 2013; Month’s Supply of Total Residential Listings is up to 6 Months from 5 (Balanced Market ).

 

West Vancouver Houses: Total Units Sold in June 2013 was 94 – up from 69 in June 2012, down from 100 in May 2013; New Listings in June 2013 were down 13.4% to May 2013; Month’s Supply of Total Residential Listings is up to 9 Months from 8 (Buyer’s Market ).

 

Richmond Residential : Total Units Sold in June 2013 was 308 – up from 248 in June 2012, down from 377 in May 2013; New Listings in June 2013 were down 14% to May 2013; Month’s Supply of Total Residential Listings is up to 8 Months from 6 (Balanced to Buyer’s Market ).

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