"No person has the right to rain on your dreams." - Martin Luther King Jr.

 

Sales and listings stats are attached as of May 22th. May is matching April for sales so far this month. With 213 sales per day in Greater Vancouver, it is on pace to hit 4,200 sales again and be above 4,000 homes sold for the third consecutive month. This is the first time this has happened since 2007.At the same time, the number of homes being listed is down compared to April. With there being 296 new listings per day in Greater Vancouver compared to 302 in April. Most areas are seeing similar patterns with Vancouver’s East Side being the most significant change, down to 31 new listings per day in May compared to 41 in April. Here is a summary of the activity so far:

 

 

Sales and Listings Stats May 22 2015 All Residential

 

Sales and Listings Stats May 22 2015 Houses Townhouses Condos

 

 

 

Greater Vancouver – 3,197 Units Sold so far in May 2015 compared to 3,331 Units Sold in May 2014. Total New Listings so far in May are 4,440 compared to 6,111 total in May 2014. Total Active Listings are at 13,362 (17,155 at the same time in May 2014), Sales To Listings Ratio is at 72% compared to 71% in April 2015.

 

Vancouver West - 624 Units Sold so far in May 2015 compared to 675 Units Sold in May 2014. Total New Listings so far in May are 894 compared to 1,238 total in May 2014. Total Active Listings are at 2,421 (3,117 at the same time in May 2014), Sales To Listings Ratio is at 70% compared to 66% in April 2015.

 

Vancouver East – 349 Units Sold so far in May 2015 compared to 369 Units Sold in May 2014. Total New Listings so far in May are 460 compared to 615 total in May 2014. Total Active Listings are at 906 (1,176 at the same time in May 2014), Sales To Listings Ratio is at 76% compared to 76% in April 2015.

 

North Vancouver – 249 Units Sold so far in May 2015 compared to 280 Units Sold in May 2014. Total New Listings so far in May are 340 compared to 479 total in May 2014. Total Active Listings are at 775 (1,102 at the same time in May 2014), Sales To Listings Ratio is at 73% compared to 76% in April 2015.

 

West Vancouver – 103 Units Sold so far in May 2015 compared to 106 Units Sold in May 2014. Total New Listings so far in May are 195 compared to 253 total in May 2014. Total Active Listings are at 628 (756 at the same time in May 2014), Sales To Listings Ratio is at 53% compared to 57% in April 2015.

 

Richmond – 429 Units Sold so far in May 2015 compared to 405 Units Sold in May 2014. Total New Listings so far in May are 599 compared to 867 total in May 2014. Total Active Listings are at 1,842 (2,381 at the same time in May 2014), Sales To Listings Ratio is at 72% compared to 72% in April 2015.

 

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"Those who wish to sing, always find a song." - Swedish proverb

 

Sales and listings stats are attached as of May 16th. May is not showing any sign of letting up in the market with total sales thus far in Greater Vancouver at 2,354 properties. In April there were an average of 213 sales per day and so far in May there have been 214 sales per day. With sales remaining constant, the supply side is shrinking. In April there were 302 new listings per day while in May so far there have only been 279 new listings per day. With that, the total number of Active Listings are down to 13,156 from 13,460 at the end of April. Typically we see the number of Active Listings increasing month to month. The pattern of limited supply is leading to continued multiple offers and price increases. All markets are seeing similar pattersn this month. Here is a summary of the activity so far:

 

May 16 2015 Sales and Listings Stats Houses Townhouses Condos

 

May 16 2015 Sales and Listings Stats All Regional

 

 

Greater Vancouver – 2,354 Units Sold so far in May 2015 compared to 3,331 Units Sold in May 2014. Total New Listings so far in May are 3,072 compared to 6,111 in May 2014. Total Active Listings are at 13,156 (16,848 at the same time in May 2014 – down 22%), Sales To Listings Ratio is at 77% compared to 55% in May 2014.

 

Vancouver West - 455 Units Sold so far in May 2015 compared to 675 Units Sold in May 2014. Total New Listings so far in May are 621 compared to 1,238 in May 2014. Total Active Listings are at 2,385 (3,033 at the same time in May 2014 – down 21%), Sales To Listings Ratio is at 73% compared to 55% in May 2014.

 

Vancouver East – 264 Units Sold so far in May 2015 compared to 369 Units Sold in May 2014. Total New Listings so far in May are 320 compared to 615 in May 2014. Total Active Listings are at 886 (1,148 at the same time in May 2014 – down 23%), Sales To Listings Ratio is at 83% compared to 60% in May 2014.

 

North Vancouver – 176 Units Sold so far in May 2015 compared to 280 Units Sold in May 2014. Total New Listings so far in May are 220 compared to 479 in May 2014. Total Active Listings are at 748 (1,078 at the same time in May 2014 – down 23%), Sales To Listings Ratio is at 80% compared to 58% in May 2014.

 

West Vancouver – 69 Units Sold so far in May 2015 compared to 106 Units Sold in May 2014. Total New Listings so far in May are 139 compared to 253 in May 2014. Total Active Listings are at 628 (739 at the same time in May 2014 – down 15%), Sales To Listings Ratio is at 50% compared to 42% in May 2014.

 

Richmond – 319 Units Sold so far in May 2015 compared to 405 Units Sold in May 2014. Total New Listings so far in May are 441 compared to 867 in May 2014. Total Active Listings are at 1,831 (2,357 at the same time in May 2014 – down 22%), Sales To Listings Ratio is at 72% compared to 47% in May 2014.

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"Good ideas are not adopted automatically. They must be driven into practice with courageous patience." - Hyman Rickover

 

 

Attached are the Sales and Listings Stats updated to the end of April 2015. What was hot, got a little warmer in April. Greater Vancouver saw the number of properties sold in April increase by 3% - 4,264 compared to 4,132 in March. Total sales in April 2015 are up 38% compared to April 2014 and up 60% compared to 2013. This April saw the strongest month for sales in 10 years, with 2005 being the last year where sales eclipsed the 4,000 unit mark. In fact, since 1988 this is the 4th highest amount of sales in that period. Multiple offers continue in the market, with demand being too strong for the supply. With only 6,041 units listed in Greater Vancouver in April, it was lower than March 2015 at 6,168. The number of properties listed this April was lower than the last 4 years in April – too few homes coming on market. Total active listings are down 20% compared to the same time last year and down 25% compared to the same date in 2013.

 

Most areas were consistent with this overall trend of a busier April other than Vancouver’s West Side which saw the number of units sold drop to 811 in April from 825 in March. North Vancouver was similar, with there being 336 properties sold compared to 399 in March. Both areas did see less listings come on market in April compared to March though. And while there have various stories of high bids on multiple offers, CMHC has come out and said Vancouver real estate prices deemed low risk for correction. Stability in Greater Vancouver’s high demand is supported by population growth and growth in personal disposable income. While foreign Buyers are a consistent part of Metro Vancouver’s Market, local demand is strengthening. Moving up, down and across is continuing to fuel our market.

 

 

April 2015 Sales and Listings Stats All Residential

 

April 2015 Sales and Listings Stats Houses Townhouses Condos

 

 

Here’s a summary of the numbers:

 

Greater Vancouver: Total Units Sold in April 2015 was 4,264 – up from 4,132 (3%) in March 2015, up from 3,090 (38%) in April 2014, up from 2,666 (60%) in April 2013; Active Listings are at 13,460 compared to 16,629 at this time last year; New Listings in April 2015 were down 1% compared to April 2014 and down 2% compared to March 2015; 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 51% in April 2014 and 67% in March 2015.

 

Vancouver Westside Residential: Total Units Sold in April 2015 was 811 – down from 825 (1%) in March 2015, up from 629 (29%) in April 2014, up from 520 (56%) in April 2013; Active Listings are at 2,426 compared to 3,001 at this time last year; New Listings in April 2015 were down 2% compared to April 2014 and up 4% compared to March 2015; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market) and a Sales to Listings Ratio of 66% compared to 50% in April 2014 and 69% in March 2015.

 

Vancouver Eastside Residential: Total Units Sold in April 2015 was 467 – even to 464 in March 2015, up from 356 (31%) in April 2014, up from 246 (90%) in April 2013; Active Listings are at 920 compared to 1,150 at this time last year; New Listings in April 2015 were up 3% compared to April 2014 and down 2% compared to March 2015; Month’s Supply of Total Residential Listings is steady at 2 Months (Seller’s Market) and a Sales to Listings Ratio of 76% compared to 60% in April 2014 and 74% in March 2015..

 

North Vancouver Residential: Total Units Sold in April 2015 was 336– down from 399 (16%) in March 2015, up from 255 (32%) in April 2014, up from 227 (48%) in April 2013; Active Listings are at 769 compared to 1,069 at this time last year; New Listings in April 2015 were down 13% compared to April 2014 and down 14% compared to March 2015; Month’s Supply of Total Residential Listings is steady at 2 Months (Seller’s Market) and a Sales to Listings Ratio of 76% compared to 50% in April 2014 and 77% in March 2015.

 

West Vancouver Residential: Total Units Sold in April 2015 was 138 – even to 135 in March 2015, up from 99 (38%) in April 2014, up from 89 (55%) in April 2013; Active Listings are at 634 compared to 711 at this time last year; New Listings in April 2015 were down 9% compared to April 2014 and up 7% compared to March 2015; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market) and a Sales to Listings Ratio of 57% compared to 37% in April 2014 and 59% in March 2015.

 

Richmond Residential: Total Units Sold in April 2015 was 587 – up from 553 (6%) in March 2015, up from 350 (68%) in April 2014, up from 350 (68%) in April 2013; Active Listings are at 1,872 compared to 2,267 at this time last year; New Listings in April 2015 were up 7% compared to April 2014 and up 6% compared to March 2015; 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 44% in April 2014 and 72% in March 2015.

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