"They always say time changes things, but you actually have to change them yourself." - Andy Warhol

 

Sales and listings stats are attached as of April 19th. April sales are strong thus far. In Greater Vancouver, the average sales per day has been 216 units (compared to 187 units per day in March 2015). Total new listings in April are averaging 313 units per day compared to an average of 280 a day in March 2015. Although to start April there were 199 sales per day in the first week and 238 sales a day in the second. New listings were 340 units a day in the first week and 282 units a day in the second week. So while says are increasing, the number of new listings coming on market are decreasing so far. Those combined are resulting in total active listings decreasing in most areas. Sales to Listings Ratios are greater than they were in April 2014 as a result. Consistent demand throughout the market is continuing as we move through spring. The perfect opportunity to list! Here is a summary of the activity so far:

 

April 19 2015 Sales and Listings Stats Houses Townhouses Condos

 

April 19 2015 Sales and Listings Stats All Regional

 

 

Greater Vancouver – 2,382 Units Sold so far in April 2015 compared to 1,716 Units Sold at the same time in April 2014. Total New Listings so far in April are 3,453 compared to 3,524 at the same time in April 2014. Total Active Listings are at 13,372 (16,198 at the same time in April 2014), Sales To Listings Ratio is at 69% compared to 51% in April 2014.

 

Vancouver West - 464 Units Sold so far in April 2015 compared to 352 Units Sold at the same time in April 2014. Total New Listings so far in April are 689 compared to 745 at the same time in April 2014. Total Active Listings are at 2,377 (2,940 at the same time in April 2014), Sales To Listings Ratio is at 67% compared to 50% in April 2014.

 

Vancouver East – 249 Units Sold so far in April 2015 compared to 206 Units Sold at the same time in April 2014. Total New Listings so far in April are 335 compared to 329 at the same time in April 2014. Total Active Listings are at 920 (1,114 at the same time in April 2014), Sales To Listings Ratio is at 74% compared to 60% in April 2014.

 

North Vancouver – 206 Units Sold so far in April 2015 compared to 136 Units Sold at the same time in April 2014. Total New Listings so far in April are 249 compared to 286 at the same time in April 2014. Total Active Listings are at 764 (1,013 at the same time in April 2014), Sales To Listings Ratio is at 83% compared to 50% in April 2014.

 

West Vancouver – 87 Units Sold so far in April 2015 compared to 59 Units Sold at the same time in April 2014. Total New Listings so far in April are 144 compared to 150 at the same time in April 2014. Total Active Listings are at 630 (684 at the same time in April 2014), Sales To Listings Ratio is at 60% compared to 37% in April 2014.

 

Richmond – 317 Units Sold so far in April 2015 compared to 187 Units Sold at the same time in April 2014. Total New Listings so far in April are 470 compared to 429 at the same time in April 2014. Total Active Listings are at 1,880 (2,221 at the same time in April 2014), Sales To Listings Ratio is at 67% compared to 44% in April 2014.

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"Nothing will ever be attempted if all possible objections must first be overcome." - Samuel Johnson

 

Sales and listings stats are attached as of April 12th. April is continuing on where March left off and even stronger. Thus far in April the average sales per day is at 199 units compared to 178 units per day in March. While new listings per day in April are 340 compared to 296 in March. While sales are higher to start the month, so are the number of new listings coming on market. Supply is definitely needed in the market right now, making it a very good time to list. In North Vancouver in the Detached market, there have been 51 sales with only 51 new listings – contributing to an extremely under inventoried market. Here is a summary of the activity so far:

 

 

April 12 2015 Sales and Listings Stats All Regional

 

April 12 2015 Sales and Listings Stats Houses Townhouses Condos

 

 

Greater Vancouver – 1,194 Units Sold so far in April 2015 compared to 3,090 Units Sold in April 2014. Total New Listings so far in March are 2,043 compared to 6,118 in April 2014. Total Active Listings are at 13,486 (16,034 at the same time in April 2014), Sales To Listings Ratio is at 58% compared to 51% in April 2014.

 

Vancouver West - 215 Units Sold so far in April 2015 compared to 629 Units Sold in April 2014. Total New Listings so far in March are 431 compared to 1,267 in April 2014. Total Active Listings are at 2,445 (2,924 at the same time in April 2014), Sales To Listings Ratio is at 50% compared to 50% in April 2014.

 

Vancouver East – 141 Units Sold so far in April 2015 compared to 356 Units Sold in April 2014. Total New Listings so far in March are 195 compared to 591 in April 2014. Total Active Listings are at 915 (1,104 at the same time in April 2014), Sales To Listings Ratio is at % compared to 50% in April 2014.

 

North Vancouver – 201 Units Sold so far in March 2015 compared to 127 Units Sold at the same time in February 2015. Total New Listings so far in March are 251 compared to 230 at the same time in February 2015. Total Active Listings are at 781 (916 at the same time in March 2014), Sales To Listings Ratio is at 80% compared to 56% in February 2015.

 

West Vancouver – 62 Units Sold so far in March 2015 compared to 73 Units Sold at the same time in February 2015. Total New Listings so far in March are 94 compared to 144 at the same time in February 2015. Total Active Listings are at 608 (632 at the same time in March 2014), Sales To Listings Ratio is at 66% compared to 49% in February 2015.

 

Richmond – 232 Units Sold so far in March 2015 compared to 196 Units Sold at the same time in February 2015. Total New Listings so far in March are 368 compared to 376 at the same time in February 2015. Total Active Listings are at 1,905 (2,079 at the same time in March 2014), Sales To Listings Ratio is at 63% compared to 54% in February 2015.

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"Great things are not something accidental, but must certainly be willed." - Vincent van Gogh

 

Spring has Sprung!

The Sales has Riz,

There is no question where the Buyers Is

 

Attached are the Sales and Listings Stats updated to the end of March 2015. The 53% year over year growth in Greater Vancouver unit sales, unprecedented, it is not. The year over year increase in sales in March 2011 compared to March 2010 was actually 89%. But it was certainly a very busy real estate market in Greater Vancouver through March. Sales were up 33% from February 2015 – 4,132 units sold versus 3,108 in February 2015 and 2,697 in March 2014. All areas saw increases in sales month over month, except for West Vancouver which saw sales fall from 146 in February to 135 in March. It was still higher than March 2014 at 78 units sold in March 2014. Total new listings in March were 6,168 compared to 5,566 in February 2015 and 5,445 in March 2014. Active listings on market, are not increasing at the same rate as previous years with only 13,391 active listings on market compared to 15,540 at the same time last year. Most areas have seen month’s supply of listings fall to 3 months or less – East Vancouver, North Vancouver, Coquitlam, Port Moody, Port Coquitlam, Ladner and Tsawwassen falling to 2 month’s supply – strong seller’s market conditions. A lack of new listings coming on market is creating these conditions. In March 2011 with residential sales totaling 4,132 in Greater Vancouver there were 6,995 new listings that month – compared to only 6,168 this month.

 

With strong buyer demand and a lack of supply, we are seeing multiple offer scenarios in all regions and product types thus putting upward pressure on prices. Consistently low interest rates will continue in the coming months which should continue to fuel buyer demand. April is typically a stronger listing month, which will help. For those looking to sell, now would be the ideal market to list. But buyers will need to remain competitive moving forward without any significant moderation in demand. After 3 quieter years in real estate, pent up demand will likely continue to drive the market for the near future.

 

March 2015 Sales and Listings Stats All Regional

 

March 2015 Sales and Listings Stats Houses Townhouses Condos

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in March 2015 was 4,132 – up from 3,108 (33%) in February 2015, up from 2,697 (53%) in March 2014, up from 2,373 (74%) in March 2013; Active Listings are at 13,391 compared to 15,540 at this time last year; New Listings in March 2015 were up 13% compared to March 2014 and up 11% compared to February 2015; Month’s Supply of Total Residential Listings has dropped to 3 Months (Seller’s Market) and a Sales to Listings Ratio of 67% compared to 50% in March 2014 and 56% in February 2015.

 

Vancouver Westside Residential: Total Units Sold in March 2015 was 825 – up from 631 (31%) in February 2015, up from 571 (44%) in March 2014, up from 533 (55%) in March 2013; Active Listings are at 2,402 compared to 2,796 at this time last year; New Listings in March 2015 were up 5% compared to March 2014 and down 5% compared to February 2015; Month’s Supply of Total Residential Listings has dropped to 3 Months (Seller’s Market) and a Sales to Listings Ratio of 69% compared to 50% in March 2014 and 50% in February 2015.

 

Vancouver Eastside Residential: Total Units Sold in March 2015 was 464 – up from 325 (43%) in February 2015, up from 336 (38%) in March 2014, up from 225 (106%) in March 2013; Active Listings are at 925 compared to 1,064 at this time last year; New Listings in March 2015 were up 17% compared to March 2014 and up 20% compared to February 2015; Month’s Supply of Total Residential Listings has dropped to 2 Months (Very Strong Seller’s Market) and a Sales to Listings Ratio of 74% compared to 63% in March 2014 and 62% in February 2015.

 

North Vancouver Residential: Total Units Sold in March 2015 was 399 – up from 273 (46%) in February 2015, up from 233 (71%) in March 2014, up from 206 (94%) in March 2013; Active Listings are at 803 compared to 949 at this time last year; New Listings in March 2015 were up 26% compared to March 2014 and up 5% compared to February 2015; Month’s Supply of Total Residential Listings has dropped to 2 Months (Very Strong Seller’s Market) and a Sales to Listings Ratio of 77% compared to 57% in March 2014 and 56% in February 2015.

 

West Vancouver Residential: Total Units Sold in March 2015 was 135 – down from 146 (8%) in February 2015, up from 78 (73%) in March 2014, up from 78 (73%) in March 2013; Active Listings are at 633 compared to 657 at this time last year; New Listings in March 2015 were up 19% compared to March 2014 and down 24% compared to February 2015; Month’s Supply of Total Residential Listings has dropped up to 5 Months (Balanced Market) and a Sales to Listings Ratio of 59% compared to 41% in March 2014 and 49% in February 2015.

 

Richmond Residential: Total Units Sold in March 2015 was 553 – up from 399 (39%) in February 2015, up from 374 (48%) in March 2014, up from 280 (98%) in March 2013; Active Listings are at 1,871 compared to 2,125 at this time last year; New Listings in March 2015 were up 13% compared to March 2014 and up 4% compared to February 2015; Month’s Supply of Total Residential Listings has dropped to 3 Months (Seller’s Market) and a Sales to Listings Ratio of 72% compared to 55% in March 2014 and 54% in February 2015.

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