"Life's blows cannot break a person whose spirit is warmed at the fire of enthusiasm." - Norman Vincent Peale

 

Attached are the Sales and Listings Stats updated to April 27, 2013. Units sold in Greater Vancouver have matched the total for March 2013 thus far. April should finish with close to 2,600 sales – the highest amount since May 2012. This year is bucking the trend, as the market has shown over the last 25 years, April typically finished with unit sales lower than March. As we’ve seen currently, sales have increased each month this year, a sign of increasing demand. Richmond is on track to have it strongest month of sales since the spring of 2011. West Vancouver has significantly improved as well, with sales significantly higher than the last 8 months.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

Summary of April 2013 so far:

  

Greater Vancouver All Residential: Total Units Sold in so far in March is 2,352 – should finish with 2,600 units sold and 7 Months Supply (Balanced Market)

 

Vancouver Westside All Residential: Total Units Sold in so far in March is 460 – should finish with 520 units sold and 6 Months Supply (Balanced Market)

 

Vancouver Eastside All Residential: Total Units Sold in so far in March is 221 – should finish with 250 units sold and 6 Months Supply (Balanced Market)

 

North Vancouver All Residential: : Total Units Sold in so far in March is 194 – should finish with 220 units sold and 5 Months Supply (Balanced Market bordering on Buyer’s Market)

 

West Vancouver All Residential: Total Units Sold in so far in March is 80 – should finish with 95 units sold and 8 Months Supply (Balanced Market)

 

Richmond All Residential: Total Units Sold in so far in March is 312 – should finish with 360 units sold and 6 Months Supply (Balanced Market)

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Sales and listings stats are attached as of April 13th. With Spring Break to finish March and Easter to begin April, we’ve seen the number of units sold accelerate over the last week. Sales to listings Ratios are down from March as the number of listings coming on market were up to begin April. With sales activity increase over the remainder of the month that ratio should increase towards the end of the month.  Here’s a summary of activity in March so far:

 

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

 

Greater Vancouver – 1,115 Units Sold so far in April 2013, 2,373 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 41%.

 

Vancouver West - 220 Units Sold so far in April 2013, 533 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 41%.

 

Vancouver East - 102 Units Sold so far in April 2013, 225 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 36%.

 

North Vancouver – 88 Units Sold so far in April 2013, 206 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 34%.

 

West Vancouver – 34 Units Sold so far in April 2013, 78 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 29%.

 

Richmond – 146 Units Sold so far in April 2013, 280 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 44%.

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"Attitude is a little thing that makes a big difference." - Winston Churchill

 

Attached are the Sales and Listings Stats updated to the end of March 2013. March saw the real estate market blooming, becoming stronger and more balanced. In most market areas, the number of properties sold was higher than they have been since last spring and summer. The number of new listings coming on market continues to be at below average levels. For Greater Vancouver, new listings in March 2013 were down 16% to March 2012 and down 38% to March 2011. With fewer properties to choose from, Buyer engagement is improving. While still conscious of price, there is a realization that new listings priced at today’s prices are moving quicker than we have seen. Here’s a summary of the numbers:

 

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

 

Greater Vancouver: Total Units Sold in March 2013 was 2,373 – up from 1,822 in February 2013 down from 2,919 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).

 

Vancouver Westside Houses: Total Units Sold in March 2013 was 151 – up from 104 in February 2013 close to 152 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 9 (Balanced Market).

Vancouver Westside Condos: Total Units Sold in March 2013 was 324 – up from 253 in February 2013 down from 394 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

 

Vancouver Eastside Houses: Total Units Sold in March 2013 was 94 – up from 77 in February 2013 down from 155 in March 2012; New Listings in March 2013 were down 23% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in March 2013 was 99 – up from 67 in February 2013 down from 138 in March 2012; New Listings in March 2013 were down 30% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

 

North Vancouver Houses: Total Units Sold in March 2013 was 113 – up from 76 in February 2013 down from 121 in March 2012; New Listings in March 2013 were down 5% to March 2012; Month’s Supply of Total Residential Listings is down to 4 Months from 5 (Becoming Buyer’s Market).

North Vancouver Condos: Total Units Sold in March 2013 was 62 – up from 52 in February 2013 down from 91 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is flat at 7 (Balanced Market).

 

West Vancouver Houses: Total Units Sold in March 2013 was 58 – up from 31 in February 2013 down from 78 in March 2012; New Listings in March 2013 were down 11% to March 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 16 (Balanced Market).

 

Richmond Houses : Total Units Sold in March 2013 was 89 – flat to 89 in February 2013 down from 104 in March 2012; New Listings in March 2013 were down 31% to March 2012; Month’s Supply of Total Residential Listings is flat at 10 (Balanced Market).

Richmond Condos: Total Units Sold in March 2013 was 117 – up from 80 in February 2013 flat to 118 in March 2012; New Listings in March 2013 were down 20% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 10 (Balanced Market).

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