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!

 
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"There is a crack in everything, that's how the light gets in." - Leonard Cohen

 

Sales and listings stats are attached as of November 24, 2016. Steady as she blows, pretty much the theme of the last 3 months and continuing this month. Sales in those 3 months have averaged 2,380 homes sold in Greater Vancouver. November is likely to finish at around 2,200 sales for the month. Total number of Active Listings continues to be on the decline, currently sitting at 9,344 units. Both East Vancouver and West Vancouver – two of the areas that have showed a greater decline in sales, are likely to achieve more sales in November than in October. Similarly with Detached Houses on the West Side of Vancouver. Sales will be down from last year but we are still seeing multiple offers with some properties.

 

Sales and Listings Report Houses Townhouses Condos Nov 23 2016

 

Sales and Listings Report All Regional Nov 23 2016

 

Here is a summary of the activity so far:

 

Greater Vancouver –1,625 Units Sold so far in November 2016. Total New Listings so far in September are 2,527. Total Active Listings are at 9,344 (down from 9,826 at the end of October 2016), Sales To Listings Ratio is at 64% compared to 56% at the end of October 2016.

 

Vancouver West - 295 Units Sold so far in November 2016. Total New Listings so far in September are 456. Total Active Listings are at 1,545 (down from 1,652 at the end of October 2016), Sales To Listings Ratio is at 65% compared to 54% at the end of October 2016.

 

Vancouver East – 183 Units Sold so far in November 2016. Total New Listings so far in September are 323. Total Active Listings are at 1,030 (down from 1,047 at the end of October 2016), Sales To Listings Ratio is at 57% compared to 40% at the end of October 2016.

 

North Vancouver – 120 Units Sold so far in November 2016. Total New Listings so far in September are 174. Total Active Listings are at 520 (down from 551 at the end of October 2016), Sales To Listings Ratio is at 69% compared to 54% at the end of October 2016.

 

West Vancouver – 32 Units Sold so far in November 2016. Total New Listings so far in September are 86. Total Active Listings are at 484 (down from 516 at the end of October 2016), Sales To Listings Ratio is at 37% compared to 25% at the end of October 2016.

Richmond – 179 Units Sold so far in November 2016. Total New Listings so far in September are 340. Total Active Listings are at 1,328 (down from 1,370 at the end of October 2016), Sales To Listings Ratio is at 53 compared to 57% at the end of October 2016.

 

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