Optimism is the faith that leads to achievement." - Helen Keller

 

Sales and listings Stats are attached as of November 17th. November is continuing the trend of eclipsing sales totals for 2012. At the midway point of the month, we’ll see well over 2,000 sales for Greater Vancouver compared to 1,733 in November 2012. Vancouver’s Westside is one of the better performing markets at mid month – with Westside Detached sales already at the same amount as November 2012. Most areas are continuing in a balanced state with Vancouver’s Eastside and North Vancouver bordering on Seller’s Market conditions:

 sales and listings stats regional nov 17 2013

sales and listings stats houses townhouses condos j

Greater Vancouver – 1,161 Units Sold so far in November 2013, 1,733 Units Sold in November 2012, Sales to Listings Ratio is at 61% compared to 61% for November 2012. Total Active Listings currently are 15,653 (17,396 this date last year)

 

Vancouver West - 250 Units Sold so far in November 2013, 358 Units Sold in November 2012, Sales to Listings Ratio is at 66% compared to 58% for November 2012. Total Active Listings currently are 2,641 (3,241 this date last year)

 

Vancouver East - 139 Units Sold so far in November 2013, 197 Units Sold in November 2012, Sales to Listings Ratio is at 78% compared to 74% for November 2012. Total Active Listings currently are 1,185 (1,363 this date last year)

 

North Vancouver 100 Units Sold so far in November 2013, 145 Units Sold in November 2012, Sales to Listings Ratio is at 72% compared to 72% for November 2012. Total Active Listings currently are 921 (1,034 this date last year)

 

West Vancouver – 46 Units Sold so far in November 2013, 45 Units Sold in November 2012, Sales to Listings Ratio is at 72% compared to 72% for November 2012. Total Active Listings currently are 688 (734 this date last year)

 

Richmond  – 138 Units Sold so far in November 2013, 210 Units Sold in November 2012, Sales to Listings Ratio is at 55% compared to 55% for November 2012. Total Active Listings currently are 2,090 (2,299 this date last year)

Post CommentComments: 0Read Full Story

"Minds are like parachutes. They only function when they are open." - James Dewar

 

 

Attached are the Sales and Listings Stats updated to the end of October 2013. Once again, activity in the market for this October was an improvement over October 2012 - with a 37% increase in units sold in Greater Vancouver. As well, units sold in October 2013 were up 7% compared to September 2013. In fact it was the strongest October for sales since 2009. Total Active Listings are down 11% compared to this time last year – demand is much stronger and product on the market is continuing to decrease both month over month and year over year. Changes in pricing and overall market conditions vary depending specific areas and product. Realistically the market is balancing and not overheating as some reports may suggest with these the increases in sales we are seeing. Pricing is still extremely important, generally new listings with better pricing are attracting more attention than those that have been on the market for some time.

 sales and listings stats regional oct 2013

sales and listings stats houses townhouses condos oct 2013

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in October 2013 was 2,698 – up from 2,524 (7%) in September 2013, up from 1,970 (37%) in October 2012; New Listings in October 2013 were down 13% from September 2013; Month’s Supply of Total Residential Listings down to 6 Months (Balanced Market).

 

Vancouver Westside Residential: Total Units Sold in October 2013 was 579 – up from 556 (4%) in September 2013, up from 420 (38%) in October 2012; New Listings in October 2013 were down 22% from September 2013; Month’s Supply of Total Residential Listings even at 5 Months (Balanced Market).

 

Vancouver Eastside Residential: Total Units Sold in October 2013 was 288 – up from 281 (2%) in September 2013, up from 185 (56%) in October 2012; New Listings in October 2013 were down 20% from September 2013; Month’s Supply of Total Residential Listings down to 4 Months (Balanced Market to Seller’s Market).

 

North Vancouver Residential:  Total Units Sold in October 2013 was 221 – up from 163 (36%) in September 2013, up from 160 (38%) in October 2012; New Listings in October 2013 were down 15% from September 2013; Month’s Supply of Total Residential Listings down to 4 Months (Balanced Market to Seller’s Market).

 

West Vancouver Residential: Total Units Sold in October 2013 was 110 – up from 94 (17%) in September 2013, up from 65 (69%) in October 2012; New Listings in October 2013 were down 22% from September 2013; Month’s Supply of Total Residential Listings down to 7 Months (Balanced Market).

 

Richmond Residential: Total Units Sold in October 2013 was 327 – up from 321 (2%) in September 2013, up from 227 (44%) in October 2012; New Listings in October 2013 were down 16% from September 2013; Month’s Supply of Total Residential Listings even at 7 Months (Balanced Market).

Post CommentComments: 0Read Full Story