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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"Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment." – Buddha

 

Sales and listings stats are attached as of July 18, 2016. Quicker than the government can say let’s act, the market is saying it has its own mind with activity this month showing signs of a summer break. So far in July we have seen sales in Greater Vancouver down 31% compared to the same time last July. Listings are down as well, with new listings in Greater Vancouver down 15%. Total Active listings have increased ever so slightly and with the Sales to Listings Ratio dropping in all areas, it may give buyers a chance they haven’t seen in some months. It also means sellers have to be careful with pricing as the demand has come off the highs earlier this year (and highs they were!) But while the numbers are lower, it is still a market that favours the sellers and certainly the activity in July is not indicative of anything more at this point then typical market dynamics.

 

Sales and Listings Report Houses Townhouse and Condos

 

Sales and Listings Report All Regional

 

Here is a summary of the activity so far:

 

Greater Vancouver –1,599 Units Sold so far in July 2016 compared to 2,289 Units Sold at this time in July 2015. Total New Listings so far in July are 2,668 compared to 3,116 at this time in July 2015. Total Active Listings are at 8,784 (12,828 at the same time in July 2015), Sales To Listings Ratio is at 60% compared to 73% at this time in July 2015.

 

Vancouver West - 285 Units Sold so far in July 2016 compared to 439 Units Sold at this time in July 2015. Total New Listings so far in July are 516 compared to 629 at this time in July 2015. Total Active Listings are at 1,465 (2,176 at the same time in July 2015), Sales To Listings Ratio is at 55% compared to 77% at this time in July 2015.

 

Vancouver East – 141 Units Sold so far in July 2016 compared to 231 Units Sold at this time in July 2015. Total New Listings so far in July are 254 compared to 301 at this time in July 2015. Total Active Listings are at 775 (864 at the same time in July 2015), Sales To Listings Ratio is at 56% compared to 77% at this time in July 2015.

 

North Vancouver – 115 Units Sold so far in July 2016 compared to 173 Units Sold at this time in July 2015. Total New Listings so far in July are 191 compared to 197 at this time in July 2015. Total Active Listings are at 403 (628 at the same time in July 2015), Sales To Listings Ratio is at 60% compared to 88% at this time in July 2015.

 

West Vancouver – 28 Units Sold so far in July 2016 compared to 68 Units Sold at this time in July 2015. Total New Listings so far in July are 102 compared to 107 at this time in July 2015. Total Active Listings are at 499 (607 at the same time in July 2015), Sales To Listings Ratio is at 27% compared to 64% at this time in July 2015.

 

Richmond – 226 Units Sold so far in July 2016 compared to 307 Units Sold at this time in July 2015. Total New Listings so far in July are 362 compared to 425 at this time in July 2015. Total Active Listings are at 1,315 (1,856 at the same time in July 2015), Sales To Listings Ratio is at 62% compared to 72% at this time in July 2015.

 

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