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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Sales and listings stats are attached as of February 11, 2018. Total sales so far in February for Greater Vancouver is at 787 compared to 948 at the same point in February last year. New listings are at 1,633 so far compared to 1,383 at the same point last year. Vancouver’s West Side is off last year’s pace in February significantly with on 144 homes sold compared to 222 at the same point last year, and a much higher stock of listings coming on. Markets going east are showing higher absorption rates, with price point being the biggest driver in the market currently. The new financing rules are undoubtedly having their impact on the market. With the lack of inventory on the lower end, properties are still seeing multiple offers though and the lack of available produce may be part of the reason for slower sales to start. But with a trend so far of stronger new listings in February, competition may ease slightly if at all. The balance of price and ability to pay may put some controls on the market in the higher price points of apartments and townhouses. With the Provincial budget coming in just over a week, a lot will be happening with very little month left! Here is a summary of the activity so far:

 

Sales and Listings Stats All Regional for Feb 11 2018

 

Sales and Listings Stats Houses Townhouses and Condos for Feb 11 2018

 

Greater Vancouver – 787 Units Sold so far in February 2018 compared to 948 Units as of February 12, 2017. Total New Listings so far in February 2018 are 1,633 compared to 1,383 at the same time in February 2017. Total Active Listings are at 7,842 (7,841 at the same time last year). Sales To Listings Ratio is at 48% compared to 69% in January 2017.

 

Vancouver West - 144 Units Sold so far in February 2018 compared to 222 Units Sold as of February 12, 2017. Total New Listings so far in February 2018 are 376 compared to 267 at the same time in February 2017. Total Active Listings are at 1,458 (1,325 at the same time last year). Sales To Listings Ratio is at 38% compared to 83% in January 2017.

 

Vancouver East – 88 Units Sold so far in February 2018 compared to 92 Units Sold as of February 12, 2017. Total New Listings so far in February 2018 are 152 compared to 147 at the same time in February 2017. Total Active Listings are at 919 (894 at the same time last year). Sales To Listings Ratio is at 57% compared to 63% in January 2017.

 

North Vancouver – 58 Units Sold so far in February 2018 compared to 84 Units Sold as of February 12, 2017. Total New Listings so far in February 2018 are 103 compared to 113at the same time in February 2017. Total Active Listings are at 440 (398 at the same time last year). Sales To Listings Ratio is at 56% compared to 74% in January 2017.

 

West Vancouver – 787 Units Sold so far in February 2018 compared to 1,649 Units Sold as of February 12, 2017. Total New Listings so far in February 2018 are 1,633 compared to 1,383 at the same time in February 2017. Total Active Listings are at 7,842 (7,841 at the same time last year). Sales To Listings Ratio is at 48% compared to 69% in January 2017.

 

Richmond –  106 units Sold so far in February 2018 compared to 116Units Sold as of February 12, 2017. Total New Listings so far in February 2018 are 1,633 compared to 1,383 at the same time in February 2017. Total Active Listings are at 183 (184 at the same time last year). Sales To Listings Ratio is at 48% compared to 69% in January 2017.

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