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!

 

"The past cannot be changed. The future is yet in your power." - Mary Pickford

 

Attached are the Sales and Listings Stats updated to October 28, 2013. Units sold in Greater Vancouver are on track to finish the month at around 2,700 units, not so spooky at all. October is typically stronger for sales than September, which we are seeing this year as well. North Vancouver and West Vancouver particularly are having strong months for sales. Overall balanced conditions are being seen with overall activity within the 10 year average. Total Active Listings continue to decline and New Listings coming on market are below levels we have seen over the last few years for October.

 sales and listings stats regional oct 27 2013

sales and listings stats houses townhouse condos oct 27 2013

Summary of September 2013 so far:  

 

Greater Vancouver All Residential: Total Units Sold in so far in October is 2,234 (1,970 in October 2012 and 2,524 in September 2013) – should finish with close to 2,700 units sold.

 

Vancouver Westside All Residential: Total Units Sold in so far in October is 485 (420 in October 2012 and 556 in September 2013) – should finish with close to 600 units sold.

 

Vancouver Eastside All Residential: Total Units Sold in so far in October is 231 (185 in October 2012 and 281 in September 2013) – should finish with close to 300 units sold.

 

North Vancouver All Residential: Total Units Sold in so far in October is 182 (160 in October 2012 and 163 in September 2013) – should finish with close to 230 units sold.

 

West Vancouver All Residential: Total Units Sold in so far in October is 93 (65 in October 2012 and 94 in September 2013) – should finish with close to 110 units sold.

 

Richmond All Residential: Total Units Sold in so far in October is 278 (227 in October 2012 and 321 in September 2013) – should finish with close to 350 units sold.

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“Act as if it were impossible to fail." - Dorothea Brande

sales and listings stats regional oct 14 2013

sales and listings stats houses townhouses condos oct 14 2013  

Sales and listings Stats are attached as of October 14th. October is moving along at a similar pace to September. Once again, at a much higher level of sales compared to this time last year. But this is more at an average and normal pace – neither too high nor too low. Inventories of listings are continuing to drop as we move into a Fall with new listings coming on market below levels of previous years. With demand at a stronger level, properties coming on at today’s prices are moving quicker than they have in the past with multiple offers occurring in the market. Below is a summary of activity so far:

 

Greater Vancouver – 1,023 Units Sold so far in October 2013, Sales to Listings Ratio is at 50% compared to 44% for October 2012. Total Active Listings currently are 16,825 (19,050 this date last year)

 

Vancouver West - 232 Units Sold so far in October 2013, Sales to Listings Ratio is at 51% compared to 42% for October 2012. Total Active Listings currently are 2,943 (3,474 this date last year)

 

Vancouver East - 101 Units Sold so far in October 2013, Sales to Listings Ratio is at 35% compared to 42% for October 2012. Total Active Listings currently are 1,295 (1,506 this date last year)

 

North Vancouver 73 Units Sold so far in October 2013, Sales to Listings Ratio is at 41% compared to 48% for October 2012. Total Active Listings currently are 1,040 (1,169 this date last year)

 

West Vancouver – 47 Units Sold so far in October 2013, Sales to Listings Ratio is at 55% compared to 34% for October 2012. Total Active Listings currently are 743 (768 this date last year)

 

Richmond – 131 Units Sold so far in October 2013, Sales to Listings Ratio is at 57% compared to 41% for October 2012. Total Active Listings currently are 2,199 (2,579 this date last year)

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"Nothing is more expensive than a missed opportunity." - H. Jackson Brown

 

 

Attached are the Sales and Listings Stats updated to the end of September 2013. September was a continuation of the current trend, a real estate market on the upswing. For Greater Vancouver, September saw the most units sold in that month since September 2009 and came close to beating August sales – a feat not often accomplished over the last 25 years. Units sold in September this year for Greater Vancouver were up 64% compared to September 2012. Vancouver’s West Side finished with more units sold in September than August and far exceeded September 2012 (up 7% to August 2013 and up 67% to September 2012).  Listings continue to decline, with less new listings coming on market in September than is typical for this month. While reports may paint this as an overheating market, it really is a market coming into balance after a quiet period of activity over the last 18 months. But of course activity is product and area specific.

sales and listings stats regional sept 30 2013 a

sales and listings stats houses townhouses condos sept 30 2013

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in September 2013 was 2,524 – down from 2,557 in August 2013, up from 1,536 in September 2012; New Listings in September 2013 were down 5% from September 2012; Month’s Supply of Total Residential Listings even at 7 Months (Balanced Market).

 

Vancouver Westside Residential: Total Units Sold in September 2013 was 556 – up from 518 in August 2013, up from 333 in September 2012; New Listings in September 2013 were even to September 2012; Month’s Supply of Total Residential Listings dropped to 5 Months (Balanced Market).

 

Vancouver Eastside Residential: Total Units Sold in September 2013 was 281 – up from 280 in August 2013, up from 164 in September 2012; New Listings in September 2013 were up 4% from September 2012; Month’s Supply of Total Residential Listings even at 5 Months (Balanced Market).

 

North Vancouver Residential:  Total Units Sold in September 2013 was 163 – down from 178 in August 2013, up from 100 in September 2012; New Listings in September 2013 were down 14% from September 2012; Month’s Supply of Total Residential Listings is up to 6 Months (Balanced Market).

 

West Vancouver Residential: Total Units Sold in September 2013 was 94 – down from 97 in August 2013, up from 58 in September 2012; New Listings in September 2013 were down 5% from September 2012; Month’s Supply of Total Residential Listings is even at 8 Months (Balanced to Buyer’s Market).

 

Richmond Residential: Total Units Sold in September 2013 was 321 – down from 339 in August 2013, up from 173 in September 2012; New Listings in September 2013 were up 6% from September 2012; Month’s Supply of Total Residential Listings is even at 7 Months (Balanced Market).

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