Current Market Conditions

Welcome to the DEXTER ASSOCIATES REALTY STATISTICAL UPDATE PAGE. We want to ensure that our REALTORS® and our clients are well informed on current market conditions.

In our Blog below you will find a weekly market update. Within the Blog, there are 2 links updated weekly that separate and break down listing and sales statistics for market areas in and around the City of Vancouver. One link combines all residential types of properties for a select group of market areas and another link breaks down those areas by houses, townhouses and apartments.

If you have any questions at all, do not hesitate to contact one of our Dexter Associates!

 
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“Do what you love, love what you do, and deliver more than you promise.” – Harvey Mackay

 

Sales and listings stats are attached as of June 18, 2017. In the immortal words of Joe Friday from Dragnet “Just the facts…” So while it would be easy to make suppositions and predictions based on a couple of weeks of data, let’s let the month finish before any hints of what might be. June sales overall in Greater Vancouver are on pace to reach close to 4,000 homes sold. While down from May, they would still be 14 per cent above the 10 year average for June. And so far the strength of the market is again back to the apartment and townhouse market. Active listings are up 7 per cent, 9,120 compared to 8,499 at this time last year and new listings are on track to finish at 6,300 homes in Greater Vancouver, up 7 per cent than the 10 year average. Detached sales so far in June are on pace to be lower than May, while condo sales are on track to finish at May levels. Apartment sales in East Vancouver are in fact on pace to eclipse May, with 136 sales compared to only 138 new listings for the month. Vancouver West Side house sales are on pace to be 120 for May compared to 187 in June while new listings are on track to be 380 compared to 270 in May.  

 

Sales and Listings Report House Townhouses Condos as of June 18 2017

 

Sales and Listings Report All Regional as of June 18 2017

 

So while it would be easy to draw conclusions to the numbers at hand, the facts are merely the facts. And the market is merely the market, behaving as it typically would in June and after a busy spring. Here is a summary of the activity so far:

 

Greater Vancouver – 2,211 units sold so far in June 2017 compared to 2,378 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 3,431 compared to 3,356 units listed at the same time in May 2017. Total Active Listings are at 9,120 (8,499 at the same time last year). Sales To Listings Ratio is at 64% compared to 72% in May 2017.

 

Vancouver West - 367 units sold so far in June 2017 compared to 427 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 630 compared to 588 units listed at the same time in May 2017. Total Active Listings are at 1,482 (1,377 at the same time last year). Sales To Listings Ratio is at 58% compared to 74% in May 2017.

 

Vancouver East – 258 units sold so far in June 2017 compared to 267 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 388 compared to 337 units listed at the same time in May 2017. Total Active Listings are at 1,142 (720 at the same time last year). Sales To Listings Ratio is at 66% compared to 79% in May 2017.

 

North Vancouver – 165 units sold so far in June 2017 compared to 176 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 248 compared to 293 units listed at the same time in May 2017. Total Active Listings are at 507 (408 at the same time last year). Sales To Listings Ratio is at 67% compared to 64% in May 2017.

 

West Vancouver – 46 units sold so far in June 2017 compared to 56 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 141 compared to 136 units listed at the same time in May 2017. Total Active Listings are at 583 (473 at the same time last year). Sales To Listings Ratio is at 33% compared to 41% in May 2017.

 

Richmond – 287 units sold so far in June 2017 compared to 301 units sold at the same time in May 2017. Total New Listings so far in June 2017 are 507 compared to 416 units listed at the same time in May 2017. Total Active Listings are at 1,243 (1,322 at the same time last year). Sales To Listings Ratio is at 57% compared to 70% in May 2017.

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