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 January 14, 2018. While sales are ahead of last year at this time, the number of properties being listed is below that of last year at this time and significantly below that of January 2016 at this time. And we don’t have the snow and cold weather we had last year to blame for this. Is it a wait and see approach so far or just a slow start to the market? It’s too early to tell, but there certainly is no shortage of distractions in the market right now. With the new mortgage stress test being one of the distractions, a strong prediction for a Bank of Canada rate increase on January 17th which will impact variable rate mortgages and short term credit in Canada, and the continual discussion of where the market is going. But certainly the biggest impact on the market so far is low inventories, for the third straight year seeing Active Listings below 7,000 in Greater Vancouver to start the year. This in comparison to numbers at or above 10,000 that is typical over the last 10 years. Here is a summary of the activity so far (note the breakdown of Houses, Townhouses and Condos have been expanded to all areas):

 

Sales and Listings Stats All Regional For Jan 14 2018

 

Sales and Listings Stats Houses Townhouses and Condos for Jan 14 2018

 

Greater Vancouver – 597 Units Sold so far in January 2018 compared to 492 Units Sold so far at this time in January 2017. Total New Listings so far in January are 1,344 compared to 1,540 at this point in January 2017 and 2,088 at this point in January 2016. Total Active Listings are at 6,966 compared to 6,781 at this time last year. Sales To Listings Ratio is at 44% compared to 37% in January 2017.

 

Vancouver West -103 Units Sold so far in January 2018 compared to 82 Units Sold so far at this time in January 2017. Total New Listings so far in January are 280 compared to 314 at this point in January 2017  and 406 at this point in January 2016. Total Active Listings are at 1,175 compared to 1,093 at this time last year. Sales To Listings Ratio is at 37% compared to 30% in January 2016.

 

Vancouver East – 44 Units Sold so far in January 2018 compared to 39 Units Sold so far at this time in January 2017. Total New Listings so far in January are 140 compared to 134 at this point in January 2017 and 181 at this point in January 2016. Total Active Listings are at 830 compared to 760 at this time last year. Sales To Listings Ratio is at 31% compared to 33% in January 2017.

 

North Vancouver – 46 Units Sold so far in January 2018 compared to 38 Units Sold so far at this time in January 2017. Total New Listings so far in January are 95 compared to 103 at this point in January 2017 and 137 at this point in January 2016. Total Active Listings are at 358 compared to 310 at this time last year. Sales To Listings Ratio is at 48% compared to 36% in January 2017.

 

West Vancouver – 14 Units Sold so far in January 2018 compared to 9 Units Sold so far at this time in January 2017. Total New Listings so far in January are 59 compared to 60 at this point in January 2017 and 106 at this point in January 2016. Total Active Listings are at 456 compared to 339 at this time last year. Sales To Listings Ratio is at 24% compared to 13% in January 2017.

 

Richmond – 98 Units Sold so far in January 2018 compared to 93 Units Sold so far at this time in January 2017. Total New Listings so far in January are 205 compared to 258 at this point in January 2017 and 267 at this point in January 2016. Total Active Listings are at 1,055 compared to 976 at this time last year. Sales To Listings Ratio is at 48% compared to 34% in January 2017.

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