Attached are the Sales and Listings Stats updated to January 27th. Units sold are up from December 2012 with new listings in January at lower levels than January 2012. With less inventory coming on the market at prices more accepting to buyers we are seeing activity increase. While there is still a significant amount of stale inventory on the market, new listings are getting the attention of buyers. This trend should continue as we move into the Spring market. Buyers will be eager to see listings come on market at today’s prices with sellers realistic with today’s prices having a better chance of achieving a sale.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

 

Summary of January 2013 so far:

  

Greater Vancouver All Residential: Total Units Sold in so far in January is 1,057 should finish at 1,300 – up from 1,171 in December 2012, 4,374 New Listings so far in January, we should see Month’s Supply of Listings drop to 11 from 12 (Buyer’s Market is above 7).

 

Vancouver Westside All Residential: Total Units Sold in so far in January is 244 should finish at 300 – up from 235 in December 2012, 917 New Listings so far in January, we should see Month’s Supply of Listings drop to 9 from 11 (Buyer’s Market is above 7).

 

Vancouver Eastside All Residential: Total Units Sold in so far in January is 105 should finish at 140 – up from 124 in December 2012, 364 New Listings so far in January, we should see Month’s Supply of Listings drop to 8 from 7 (Buyer’s Market is above 7).

 

North Vancouver All Residential: Total Units Sold in so far in January is 76 should finish at 100 – up from 90 in December 2012, 312 New Listings so far in January, we should see Month’s Supply of Listings stay at 8 (Buyer’s Market is above 7).

 

West Vancouver All Residential: Total Units Sold in so far in January is 38 should finish at 45 – up from 38 in December 2012, 161 New Listings so far in January, we should see Month’s Supply of Listings drop from 15 to 13 (Buyer’s Market is above 7).

 

Richmond All Residential: Total Units Sold in so far in January is 134 should finish at 190 – up from 139 in December 2012, 633 New Listings so far in January, we should see Month’s Supply of Listings drop from 14 to 10 (Buyer’s Market is above 7).

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It's good to have an end in mind but in the end what counts is how you travel." - Orna Ross

 

The link below is for the Sales and Listings Update as of January 13th. While early in the year to discuss any trends, total inventory of listings on the market continues to be lower than we’ve seen and seems to be trending lower this January compared to January 2012. Well priced listings coming on the market are getting the attention of buyers. Today’s prices are different than what we saw last year and we should see buyers reacting more favourably to listings priced to reflect current market conditions.

 

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

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Below is the link for the Sales and Listings Stats up to the end of December 2012 by graph. A great pictoral view of our real estate market!

Sales and Listings Stats by Graph

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"Today is your day, your mountain is waiting, so get on your way." - Dr Seuss

 

Happy New Year! Attached are the end of December 2012 Sales and Listings Stats. The New Year started as they typically do, with less homes listed for sale. Total Residential Active Listings in Greater Vancouver are down 30% from November 30, 2012. Total properties listed for sale during December were down 49% to November 2012 and down 16% to December 2011. While sales in December are down from November 2012 and December 2012, we’ve seen that through 2012 so it is not news.

 

Perspective is the key. Where prices go is anyone’s guess. But considering the financial crisis of 2008 didn’t cause widespread panic selling and significant price drops, than what will? People need bigger homes, people need smaller homes, renters want to own and immigration into Vancouver leads to more buyers. As always, the focus will shift from where prices are going to making your living situation better. As we go forward people will get back to doing what they want and need to do: Moving!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in December 2012 was 1,171 – down from 1,733 in November 2012; and down from 1,700 in December 2011; Month’s Supply of Total Residential Listings is at 12 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in December 2012 was 49 – down from 77 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 29% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in December 2012 was 156 – down from 241 in November 2012; and down from 262 in December 2011; Total Active Listings as of January 2013 are down 46% from November 2012; Month’s Supply of Total Active Listings is at 10 Months (Buyer’s Market).

 

Vancouver Eastside Houses: Total Units Sold in December 2012 was 54 – down from 91 in November 2012; and down from 95 in December 2011; Total Active Listings as of January 2013 are down 34% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in December 2012 was 53 – down from 69 in November 2012; and up from 51 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 8 Months (Buyer’s Market).

 

North Vancouver Houses: Total Units Sold in December 2012 was 32 – down from 60 in November 2012; and down from 53 in December 2011; Total Active Listings as of January 2013 are down 39% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

North Vancouver Condos: Total Units Sold in December 2012 was 34 – down from 59 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

 

West Vancouver Houses: Total Units Sold in December 2012 was 29 – down from 32 in November 2012; and down from 38 in December 2011; Total Active Listings as of January 2013 are down 31% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

 

Richmond Houses: Total Units Sold in December 2012 was 44 – down from 76 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 19 Months (Buyer’s Market).

Richmond Condos: Total Units Sold in December 2012 was 54 – down from 81 in November 2012; and down from 75 in December 2011; Total Active Listings as of January 2013 are down 29% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

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