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!

Sales and Listings Report as of March 18 2018

Sales and listings stats are attached as of March 18, 2018. Total sales so far in February for Greater Vancouver is at 1,481 compared to 1,999 at the same point in March last year. New listings are at 2,700 so far compared to 2,732 at the same point last year. While most areas are on a similar pace for new listings, Richmond and West Vancouver are well behind the pace of last March – especially on the detached side. Vancouver West and North Vancouver is ahead of last year’s pace for new listings. That could be translating in both being off last year’s sales in March the least – down 80 per cent month to date in Vancouver’s West Side and down 87 per cent in North Vancouver. While Richmond is off 60 per cent to last year and West Vancouver down 52 per cent to last year. Over all though, the detached market continues to be in Buyer’s Market conditions in most areas, if not trending there in others.

 

Sales and Listings Stats Houses Townhouses and Apartments for March 18 2018. 

Sales and Listings Stats All Regional March 18 2018.

 

With the hangover of new mortgage rules and uncertainty in new provincial taxes, there is some hesitation in the market but its more price point and availability of product that are affecting the market more. Here is a summary of the activity so far:

 

Greater Vancouver – 1,481 Units Sold so far in March 2018 compared to 1,999 Units as of March 19, 2017. Total New Listings so far in March 2018 are 2,700 compared to 2,732 at the same time in March 2017. Total Active Listings are at 8,742 (8,124 at the same time last year). Sales To Listings Ratio is at 55% compared to 51% in February 2018.

 

Vancouver West - 255 Units Sold so far in March 2018 compared to 317 Units as of March 19, 2017. Total New Listings so far in March 2018 are 523 compared to 454 at the same time in March 2017. Total Active Listings are at 1,636 (1,349 at the same time last year). Sales To Listings Ratio is at 49% compared to 48% in February 2018.

 

Vancouver East – 162 Units Sold so far in March 2018 compared to 226 Units as of March 19, 2017. Total New Listings so far in March 2018 are 298 compared to 285 at the same time in March 2017. Total Active Listings are at 1,005 (945 at the same time last year). Sales To Listings Ratio is at 54% compared to 51% in February 2018.

 

North Vancouver – 128 Units Sold so far in March 2018 compared to 147 Units as of March 19, 2017. Total New Listings so far in March 2018 are 236 compared to 172 at the same time in March 2017. Total Active Listings are at 524 (385 at the same time last year). Sales To Listings Ratio is at 54% compared to 52% in February 2018.

 

West Vancouver – 28 Units Sold so far in March 2018 compared to 54 Units as of March 19, 2017. Total New Listings so far in March 2018 are 97 compared to 113 at the same time in March 2017. Total Active Listings are at 583 (456 at the same time last year). Sales To Listings Ratio is at 27% compared to 20% in February 2018.

 

Richmond –  179 Units Sold so far in March 2018 compared to 299 Units as of March 19, 2017. Total New Listings so far in March 2018 are 368 compared to 401 at the same time in March 2017. Total Active Listings are at 1,340 (1,169 at the same time last year). Sales To Listings Ratio is at 49% compared to 41% in February 2018.

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