"A good head and a good heart are always a formidable combination." - Nelson Mandela

 

Sales and listings stats are attached as of July 20th. July is cruising along with sales activity on pace to be above 3,000 units sold for Greater Vancouver – making it 4 consecutive months above 3,000 for the first time since the spring of 2011. Most areas are showings Sales to Listings Ratios similar to June with the exception of West Vancouver and Richmond which have fallen below levels achieved in June. Below is a summary of the numbers thus far in July 2014:

 

Sales and Listing Stats All Regional

 

Sales and Listings Stats Houses, Townhouse, and Condos

 

Greater Vancouver – 1,888 Units Sold so far in July 2014 compared to 3,452 Units Sold in June 2014 and 2,986 in July 2013. Total New Listings as of July 20th, 2014 were 3,316 compared to 5,518 in June 2014. Sales To Listings Ratio is at 57% compared to 63% in June 2014.

 

Vancouver West - 370 Units Sold so far in July 2014 compared to 689 Units Sold in June 2014 and 572 in July 2013. Total New Listings as of July 20th, 2014 were 656 compared to 1,188 in June 2014. Sales To Listings Ratio is at 56% compared to 58% in June 2014.

 

Vancouver East – 220 Units Sold so far in July 2014 compared to 373 Units Sold in June 2014 and 326 in July 2013. Total New Listings as of July 20th, 2014 were 321 compared to 552 in June 2014. Sales To Listings Ratio is at 69% compared to 68% in June 2014.

 

North Vancouver – 147 Units Sold so far in July 2014 compared to 280 Units Sold in June 2014 and 223 in July 2013. Total New Listings as of July 20th, 2014 were 221 compared to 398 in June 2014. Sales To Listings Ratio is at 67% compared to 70% in June 2014.

 

West Vancouver – 63 Units Sold so far in July 2014 compared to 126 Units Sold in June 2014 and 110 in July 2013. Total New Listings as of July 20th, 2014 were 123 compared to 210 in June 2014. Sales To Listings Ratio is at 51% compared to 60% in June 2014.

 

Richmond – 219 Units Sold so far in July 2014 compared to 422 Units Sold in June 2014 and 407 in July 2013. Total New Listings as of July 20th, 2014 were 481 compared to 720 in June 2014. Sales To Listings Ratio is at 46% compared to 59% in June 2014.

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"Life isn't finding shelter in the storm. It's about learning to dance in the rain." - Sherrilyn Kenyon

 

Attached are the Sales and Listings Stats updated to the end of June 2014. Once again, the number of unit sales in Greater Vancouver hit a high, in this case not seen since April 2010. At the midpoint of the year, the total units that have sold in 2014 are up 22% compared to the same period in 2013 while the number of new listings coming on market in the first 6 months of 2014 is only up 4% compared to the first 6 months of 2013.  While sales levels have shown strong improvement year over year, benchmark prices are only now beginning to eclipse their peak from the spring of 2012. Detached homes in Vancouver are showing the strongest growth in Benchmark Price with gains being higher over the last 2 years. Overall, demand has strengthened in Metro Vancouver’s real estate market. All segments of the market have shown improvement – with detached leading the way. This summer could be a hot one in more ways than one!

 

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in June 2014 was 3,452 – up from 3,331 (4%) in May 2014, up from 2,668 (29%) in June 2013; Active Listings are at 17,199 compared to 18,473 at this time last year; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 63% compared to 55% in May 2014 and 53% in June 2013.

 

Vancouver Westside Residential: Total Units Sold in June 2014 was 689 – up from 675 (2%) in May 2014, up from 595 (16%) in June 2013; Active Listings are at 3,093 compared to 3,095 at this time last year; Month’s Supply of Total Residential Listings is down to 4 Months (a Seller’s Market) and a Sales to Listings Ratio of 58% compared to 55% in May 2014 and 61% in June 2013.

 

Vancouver Eastside Residential: Total Units Sold in June 2014 was 373 – up from 369 (1%) in May 2014, up from 279 (34%) in June 2013; Active Listings are at 1,225 compared to 1,443 at this time last year; Month’s Supply of Total Residential Listings is even at 3 Months (a Seller’s Market) and a Sales to Listings Ratio of 68% compared to 60% in May 2014 and 56% in June 2013.

 

North Vancouver Residential:  Total Units Sold in June 2014 was 280 – equal to 280 in May 2014, up from 207 (35%) in June 2013; Active Listings are at 1,038 compared to 1,143 at this time last year; Month’s Supply of Total Residential Listings is even at 4 Months (a Seller’s Market) and a Sales to Listings Ratio of 70% compared to 58% in May 2014 and 52% in June 2013.

 

West Vancouver Houses: Total Units Sold in June 2014 was 126 – up from 106 (19%) in May 2014, up from 94 (34%) in June 2013; Active Listings are at 737 compared to 837 at this time last year; Month’s Supply of Total Residential Listings is down to 6 Months (a Balanced Market) and a Sales to Listings Ratio of 60% compared to 42% in May 2014 and 43% in June 2013.

 

Richmond Residential: Total Units Sold in June 2014 was 422 – up from 405 (4%) in May 2014, up from 308 (37%) in June 2013; Active Listings are at 2,440 compared to 2,366 at this time last year; Month’s Supply of Total Residential Listings is even at 6 Months (a Balanced Market) and a Sales to Listings Ratio of 59% compared to 47% in May 2014 and 49% in June 2013.

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