"Fix your eyes forward on what you can do, not back on what you cannot change." - Tom Clancy

 

Sales and listings stats are attached as of November 23, 2014. The number of listings are falling faster than the leaves off trees as we move through fall. In Greater Vancouver, total active listings are continuing the trend of decline compared to 2013 with Total Active Listings at 14,002 as of November 23 2014 compared to 15,400 at the same time in 2013. Total Active Listings are on track to be at their lowest point since the beginning of 2008. Total Units Sold as of November 23, 2014 are 1,944, which will see November finish with lower sales than October 2014 but above November 2013. Demand remains strong while the total number of new listings coming on market continues to decline. As a result, Sales to Listings Ratios continue to rise, with Detached leading the way – Vancouver Westside Detached at 91%, Vancouver Eastside at 117% (more sales than listings) and North Vancouver Detached at 114%.  

 

 

Nov 23 2014 Sales and Listings Stats All Regional

 

Nov 23 2014 Sales and Listings Stats Houses Townhouses and Condos

 

A summary of the numbers so far:

 

 

Greater Vancouver – 1,944 Units Sold so far in November 2014 compared to 3,113 Units Sold in October 2014 and 2,698 in November 2013. Total New Listings as of November 23, 2014 were 2,452 compared to 4,608 in October 2014. Sales To Listings Ratio is at 79% compared to 68% in October 2014.

 

Vancouver West - 376 Units Sold so far in November 2014 compared to 658 Units Sold in October 2014 and 488 in November 2013. Total New Listings as of November 23, 2014 were 466 compared to 908 in October 2014. Sales To Listings Ratio is at 81% compared to 72% in October 2014.

 

Vancouver East – 214 Units Sold so far in November 2014 compared to 340 Units Sold in October 2014 and 282 in November 2013. Total New Listings as of November 23, 2014 were 252 compared to 471 in October 2014. Sales To Listings Ratio is at 85% compared to 72% in October 2014.

 

North Vancouver – 147 Units Sold so far in November 2014 compared to 218 Units Sold in October 2014 and 197 in November 2013. Total New Listings as of November 23, 2014 were 175 compared to 324 in October 2014. Sales To Listings Ratio is at 84% compared to 67% in October 2014.

 

West Vancouver – 64 Units Sold so far in November 2014 compared to 99 Units Sold in October 2014 and 89 in November 2013. Total New Listings as of November 23, 2014 were 85 compared to 186 in October 2014. Sales To Listings Ratio is at 75% compared to 53% in October 2014.

 

Richmond – 251 Units Sold so far in November 2014 compared to 407 Units Sold in October 2014 and 290 in November 2013. Total New Listings as of November 23, 2014 were 349 compared to 621 in October 2014. Sales To Listings Ratio is at72% compared to 66% in October 2014.

Post CommentComments: 0Read Full Story

"Better to do something imperfectly than to do nothing flawlessly." - Dr. Robert Schuller

 

Sales and listings stats are attached as of November 11, 2014. Total Active Listings continue to decline with 864 Units Sold so far in November in Greater Vancouver, with only 1,141 New Listings thus far. While early in the month, activity is showing signs of it being a November to remember! A summary of the numbers so far:

 

 

Nov 11 2014 Sales and Listings Stats All Regional

 

Nov 11 2014 Sales and Listings Stats Houses Townhouses and Condos

 

 

Greater Vancouver – 864 Units Sold so far in November 2014 compared to 3,113 Units Sold in October 2014 and 2,390 in November 2013. Total New Listings as of October 18, 2014 were 1,141 compared to 4,608 in October 2014. Sales To Listings Ratio is at 76% compared to 68% in October 2014.

 

Vancouver West - 161 Units Sold so far in November 2014 compared to 658 Units Sold in October 2014 and 488 in November 2013. Total New Listings as of October 18, 2014 were 220 compared to 908 in October 2014. Sales To Listings Ratio is at 73% compared to 72% in October 2014.

 

Vancouver East – 99 Units Sold so far in November 2014 compared to 340 Units Sold in October 2014 and 282 in November 2013. Total New Listings as of October 18, 2014 were 136 compared to 471 in October 2014. Sales To Listings Ratio is at 73% compared to 72% in October 2014.

 

North Vancouver – 52 Units Sold so far in November 2014 compared to 218 Units Sold in October 2014 and 197 in November 2013. Total New Listings as of October 18, 2014 were 79 compared to 324 in October 2014. Sales To Listings Ratio is at 66% compared to 67% in October 2014.

 

West Vancouver – 27 Units Sold so far in November 2014 compared to 99 Units Sold in October 2014 and 89 in November 2013. Total New Listings as of October 18, 2014 were 40 compared to 186 in October 2014. Sales To Listings Ratio is at 68% compared to 53% in October 2014.

 

Richmond – 116 Units Sold so far in November 2014 compared to 407 Units Sold in October 2014 and 290 in November 2013. Total New Listings as of October 18, 2014 were 173 compared to 621 in October 2014. Sales To Listings Ratio is at 67% compared to 66% in October 2014.

Post CommentComments: 0Read Full Story

"Small opportunities are often the beginnings of great enterprises." - Demosthenes

 

Attached are the Sales and Listings Stats updated to the end of October 2014. October continued, where September finished off – a very active real estate market. In Greater Vancouver in October there were 3,113 homes sold which was up 5 from September this year and up 15% from October 2013. Total Listings on market are falling, with there being 14,992 listings currently on market, down 9% compared to this time last year. There were 14% fewer new listings in October compared to September this year, coupled with higher sales are providing for tightening of inventory for buyers. In Ladner there were actually more sales than new listings during October. The strata apartment market is seeing strength in demand with competing offer situations occurring where they had not been before.

 

Various reports have that identified Metro Vancouver’s Real Estate Market will continue to be strong into 2015. Certainly as the year winds down, the inventory of listings will continue to decrease and with consistent demand set up for an active market to start the New Year.

 

October 2014 Sales and Listings Stats All Regional

 

October 2014 Sales and Listings Stats Houses, Townhouses and Condos 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in October 2014 was 3,113 – up from 2,965 (5%) in September 2014, up from 2,698 (15%) in October 2013; Active Listings are at 14,992 compared to 16,391 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 68% compared to 55% in September 2014 and 60% in October 2013.

 

Vancouver Westside Residential: Total Units Sold in October 2014 was 658 – up from 643 (2%) in September 2014, up from 579 (14%) in October 2013; Active Listings are at 2,619 compared to 2,835 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 72% compared to 55% in September 2014 and 64% in October 2013.

 

Vancouver Eastside Residential: Total Units Sold in October 2014 was 340 – up from 271 (25%) in September 2014, up from 288 (18%) in October 2013; Active Listings are at 1,153 compared to 1,260 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 72% compared to 49% in September 2014 and 63% in October 2013.

 

North Vancouver Residential:  Total Units Sold in October 2014 was 218 – up from 197 (11%) in September 2014, down from 221 (1%) in October 2013; Active Listings are at 868 compared to 979 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market) and a Sales to Listings Ratio of 67% compared to 45% in September 2014 and 60% in October 2013.

 

West Vancouver Houses: Total Units Sold in October 2014 was 99 – down from 110 (11%) in September 2014, down from 110 (11%) in October 2013; Active Listings are at 650 compared to 728 at this time last year; Month’s Supply of Total Residential Listings is up to 7 Months (Balanced Market) and a Sales to Listings Ratio of 53% compared to 51% in September 2014 and 58% in October 2013.

 

Richmond Residential: Total Units Sold in October 2014 was 407 – up from 386 (5%) in September 2014, up from 327 (24%) in October 2013; Active Listings are at 2,173 compared to 2,171 at this time last year; Month’s Supply of Total Residential Listings is down to 5 Months (Balanced Market) and a Sales to Listings Ratio of 66% compared to 54% in September 2014 and 60% in October 2013.

Post CommentComments: 0Read Full Story