Attached are the Sales and Listings Stats updated to June 8. After the first week of June we are seeing a similar trend to May, strong unit sales and decreasing listings comong on market and active in the market. Activity is strongest in well priced product, while buyer demand is increasing – those buyers are very conscious of prices.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

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Once you choose hope, anything's possible." - Christopher Reeve

 

Attached are the Sales and Listings Stats updated to the end of May 2013. As quoted earlier in May, “April Showers Bring May Flowers” – The market will grow! – We have seen May sales be the strongest in almost 2 years.  Greater Vancouver saw close to 2,937 residential units sold in May 2013, the most since June 2011. As well, there were only 5,840 new listings in May 2013, 3% below April 2013 and 18% below May 2012. Total Active Listings are less than this time last year, with Total Month’s Supply continuing to drop, finishing May at 6 Months Supply. This is down from a peak of 13 Months Supply in September 2012. Balanced market conditions continue to present in the market with a hint of market conditions favouring sellers in some market segments and areas. Buyer confidence is increasing along with demand, giving way to stronger market conditions. While not at the levels during the peak, it is a marked improvement from the last 2 years.

 

Here’s a summary of the numbers:

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

Greater Vancouver: Total Units Sold in May 2013 was 2,937 – up from 2,666 in April 2013, up from 2,837 in May 2012; New Listings in May 2013 were down 18% to May 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).

 

Vancouver Westside Residential: Total Units Sold in May 2013 was 654 – up from 520 in April 2013, up from 574 in May 2012; New Listings in May 2013 were down 29% to May 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 6 (Strong Balanced Market).

 

Vancouver Eastside Residential: Total Units Sold in May 2013 was 335 – up from 246 in April 2013, up from 313 in May 2012; New Listings in May 2013 were down 20% to May 2012; Month’s Supply of Total Residential Listings is down to 4 Months from 6 (Balanced bordering on Seller’s Market).

 

North Vancouver Residential: Total Units Sold in May 2013 was 217 – down from 227 in April 2013, down from 256 in May 2012; New Listings in May 2013 were down 15% to May 2012; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market).

 

West Vancouver Houses: Total Units Sold in May 2013 was 100 – up from 89 in April 2013, down from 104 in May 2012; New Listings in May 2013 were down 8% to May 2012; Month’s Supply of Total Residential Listings is down to 8 Months from 9 (Buyer’s Market).

 

Richmond Residential : Total Units Sold in May 2013 was 377 – up from 350 in April 2013, up from 273 in May 2012; New Listings in May 2013 were down 16% to May 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).

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