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!

 

"To accomplish great things, we must not only act, but also dream; not only plan, but also believe." - Anatole France

 

Sales and listings stats are attached as of April 19th. Sales so far for April in Greater Vancouver are at 1,716 units sold, averaging 115 sales per day – slightly below March at 118 sales per day at mid month. Most areas around Greater Vancouver are on a similar pace for sales as March with the exception of Vancouver East which is down from March. New listings coming on market are at similar levels as March but below April 2013 providing for more competition amongst buyers in the market. Below is breakdown of some of the numbers:

 sales and listings stats all residential apr 19 2014

sales and listings stats houses townhouses condos april 19 2014

Greater Vancouver – 1,716 Units Sold so far in April 2014 compared to 2,666 Total Units Sold in April 2013. Total New Listings at mid month in April are 3,524 compared to 6,049 Total New Listings in April 2013. Sales To Listings Ratio is at 49% compared to 50% in March 2013 and 44% in April 2013.

 

Vancouver West – 352 Units Sold so far in April 2014 compared to 520 Total Units Sold in April 2013. Total New Listings at mid month in April are 745 compared to 1,225 Total New Listings in April 2013. Sales To Listings Ratio is at 47% compared to 50% in March 2013 and 42% in April 2013.

 

Vancouver East – 206 Units Sold so far in April 2014 compared to 246 Total Units Sold in April 2013. Total New Listings at mid month in April are 329 compared to 629 Total New Listings in April 2013. Sales To Listings Ratio is at 63% compared to 63% in March 2013 and 39% in April 2013.

 

North Vancouver – 136 Units Sold so far in April 2014 compared to 227 Total Units Sold in April 2013. Total New Listings at mid month in April are 286 compared to 519 Total New Listings in April 2013. Sales To Listings Ratio is at 48% compared to 57% in March 2013 and 44% in April 2013.

 

West Vancouver – 59 Units Sold so far in April 2014 compared to 89 Total Units Sold in April 2013. Total New Listings at mid month in April are 150 compared to 264 Total New Listings in April 2013. Sales To Listings Ratio is at 39% compared to 41% in March 2013 and 34% in April 2013.

 

Richmond – 187 Units Sold so far in April 2014 compared to 350 Total Units Sold in April 2013. Total New Listings at mid month in April are 429 compared to 706 Total New Listings in April 2013. Sales To Listings Ratio is at 44% compared to 55% in March 2013 and 50% in April 2013.

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"Every exit is an entry somewhere else." -Tom Stoppard

 

“Desire is the starting point of all achievement." - Napoleon Hill

 

Attached are the Sales and Listings Stats updated to the end of March 2014. Total sales continue to increase, with March sales for Greater Vancouver up 5% over February 2014 and up 14% over March 2013. Overall market conditions continue in a balanced state with 6 months supply of listings available. Total active listings are down 6% compared to this time in 2013 and 2012. Vancouver’s Eastside market is the most active in Greater Vancouver with sales up 7% to February 2014 and up 49% to March 2013. Overall in East Vancouver, there is 3 months supply of listings available – generally a seller’s market.

 

The first quarter of 2014 is showing balanced conditions in the market place. The end of January and beginning of February showed more activity than the end of February and beginning of March. This could be contributed to Chinese New Year providing a surge in the market with the Olympics then taking away the attention of buyers and sellers. Changes in Federal Immigration policies in February may have hurt higher end sales as well. Stronger economic reports as of late, a decrease in fixed interest rates and a new Finance Minister for Canada who has stated the government won’t intervene in the financing side of real estate should provide for positive conditions moving into April. Spring has arrived (in Vancouver) – much to the dismay of the rest of Canada, which should help to put people in more of a buying and selling mood!

 sales and listings stats all residential

sales and listings stats houses townhouses condos k

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in March 2014 was 2,697 – up from 2,570 in February 2014, up from 2,373 in March 2013; Active Listings are at 15,540 compared to 16,522 at this time last year; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market).

 

Vancouver Westside Residential: Total Units Sold in March 2014 was 571 – up from 545 in February 2014, up from 533 in March 2013; Active Listings are at 2,796 compared to 2,955 at this time last year; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market).

 

Vancouver Eastside Residential: Total Units Sold in March 2014 was 336 – up from 313 in February 2014, up from 225 in March 2013; Active Listings are at 1,064 compared to 1,232 at this time last year; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market).

 

North Vancouver Residential:  Total Units Sold in March 2014 was 233 – up from 206 in February 2014, up from 206 in March 2013; Active Listings are at 949 compared to 962 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market).

 

West Vancouver Houses: Total Units Sold in March 2014 was 78 – down from 87 in February 2014, steady at 78 compared to March 2013; Active Listings are at 657 compared to 724 at this time last year; Month’s Supply of Total Residential Listings is steady up to 8 Months (Balanced to Buyer’s Market).

 

Richmond Residential: Total Units Sold in March 2014 was 374 – up from 341 in February 2014, up from 280 in March 2013; Active Listings are at 2,125 compared to 2,245 at this time last year; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market).

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