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 for May 14 2018

Sales and listings stats are attached as of May 14, 2018. May’s sales are on a similar pace as April, with a slight increase in some areas. Vancouver’s West Side is on a slower pace compared to April with only 180 units sold at mid-month compared to 219 at the same time in April. New listings are off the pace of April so far. Government tinkering continues to play on the mind of the market – with the Federal Bank the last to jump into the fray with an increase in the qualification rate for the Stress Test on mortgages. A rise in inventory is helping to ease the supply pressure ever so slightly, taking some steam off multiple offers. But demand is still in the market, especially at the lower end. With price adjustments downward at the higher end. Here is a summary of the activity so far:

 

Sales and Listings Statistics Houses Townhouses and Condos for May 14 2018

 

Sales and Listings Statistics All Regional for May 14 2018

 

Greater Vancouver – 1,194 Units Sold so far in May 2018 compared to 1,143 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 2,628 compared to 2,785 at the same time in April 2018. Total Active Listings are at 10,960 (8,608 at the same time last year). Sales To Listings Ratio is at 45% compared to 41% in April 2018 at mid-month.

 

Vancouver West - 180 Units Sold so far in May 2018 compared to 219 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 515 compared to 594 at the same time in April 2018. Total Active Listings are at 2,101 (1,862 at the same time last year). Sales To Listings Ratio is at 35% compared to 37% in April 2018 at mid-month

 

Vancouver East – 144 Units Sold so far in May 2018 compared to 130 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 306 compared to 329 at the same time in April 2018. Total Active Listings are at 1,266 (1,114 at the same time last year). Sales To Listings Ratio is at 47% compared to 40% in April 2018 at mid-month

 

North Vancouver – 98 Units Sold so far in May 2018 compared to 92 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 193 compared to 235 at the same time in April 2018. Total Active Listings are at 679 (596 at the same time last year). Sales To Listings Ratio is at 51% compared to 39% in April 2018 at mid-month

 

West Vancouver – 31 Units Sold so far in May 2018 compared to 22 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 135 compared to 128 at the same time in April 2018. Total Active Listings are at 686 (608 at the same time last year). Sales To Listings Ratio is at 23% compared to 17% in April 2018 at mid-month

 

Richmond – 156 Units Sold so far in May 2018 compared to 146 Units Sold as of April 15, 2018. Total New Listings so far in May 2018 are 364 compared to 317 at the same time in April 2018. Total Active Listings are at 1,540 (1,408 at the same time last year). Sales To Listings Ratio is at 43% compared to 46% in April 2018 at mid-month

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