"People are just about as happy as they make up their minds to be." – Abraham Lincoln

 

Attached are the Sales and Listings Stats updated to the end of July 2014. For the fourth straight month sales for homes in Greater Vancouver were above 3,000 units – the first time since 2011. While overall sales statistics show the Greater Vancouver market performing very well, the market is still very much regional and product specific. Detached homes in Vancouver continue to perform very well in the market with limited supply while apartments in Vancouver to some degree continue to take longer to sell in the market – especially in older buildings. West Vancouver, North Vancouver and Richmond were slower performing markets in July compared to Vancouver and Greater Vancouver in general. A regional market indeed in Metro Vancouver.

 

Sales and Listings Stats All Regional

 

Sales and Listings Stats Houses, Townhouses, Condos

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in July 2014 was 3,111 – down from 3,452 (10%) in June 2014, up from 2,986 (4%) in July 2013; Active Listings are at 16,838 compared to 17,826 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 61% compared to 63% in June 2014 and 59% in July 2013.

 

Vancouver Westside Residential: Total Units Sold in July 2014 was 597 – down from 689 (15%) in June 2014, up from 572 (4%) in July 2013; Active Listings are at 2,990 compared to 2,992 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Mostly Seller’s Market with areas of a Balanced Market in some Strata Properties) and a Sales to Listings Ratio of 59% compared to 58% in June 2014 and 57% in July 2013.

 

Vancouver Eastside Residential: Total Units Sold in July 2014 was 360 – down from 373 (3%) in June 2014, up from 326 (10%) in July 2013; Active Listings are at 1,159 compared to 1,358 at this time last year; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 71% compared to 68% in June 2014 and 67% in July 2013.

 

North Vancouver Residential:  Total Units Sold in July 2014 was 225 – down from 280 (20%) in June 2014, up from 223 (1%) in July 2013; Active Listings are at 972 compared to 1,037 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Mostly Seller’s Market) and a Sales to Listings Ratio of 64% compared to 70% in June 2014 and 68% in July 2013.

 

West Vancouver Houses: Total Units Sold in July 2014 was 94 – down from 126 (25%) in June 2014, down from 110 (15%) in July 2013; Active Listings are at 740 compared to 814 at this time last year; Month’s Supply of Total Residential Listings is steady at 8 Months (Balanced to Buyer’s Market) and a Sales to Listings Ratio of 46% compared to 60% in June 2014 and 55% in July 2013.

 

Richmond Residential: Total Units Sold in July 2014 was 409 – down from 422 (3%) in June 2014, up from 407 (1%) in July 2013; Active Listings are at 2,442 compared to 2,341 at this time last year; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market) and a Sales to Listings Ratio of 54% compared to 59% in June 2014 and 57% in July 2013.

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