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 November 20 2017

Sales and listings stats are attached as of November 19, 2017. A light spike of inventory is occurring as the year draws to a close. Looking at the number of new listings coming on for November so far, we are seeing amounts higher than this time last year and in 2015 for November. Sales will be up from last year, not surprisingly but down from 2015. And Active listings are slightly above this time last year and 2015 as well. The areas in most need of new listings are still lagging behind though, with the apartment market still facing all time low inventory and as a result continued pressure on prices and occurrences of multiple offers. Supply side and demand side arguments continue to permeate through the market and will continue to be the discussion among many as the year draws to a close and the Provincial Government prepares for its first budget under their new rule.

 

Sales and Listings Stats All Regional November 19 2017

 

Sales and Listings Stats Houses, Townhouses and Condos November 19 2017

 

Here is a summary of the activity so far:

 

Greater Vancouver –1,626 Units Sold so far in November 2017 and should finish with 2,700 for the month (up from 2,255 in November 2016.) Total New Listings so far in November are 2,550 and likely to finish with 4,000 (up from 3,220 in November 2016.) Total Active Listings are at 9,491 (up from 9,369 at the same time in 2016), Sales To Listings Ratio is at 64% compared to 66% at the end of October 2017.

 

Vancouver West - 297 Units Sold so far in November 2017 and should finish with 480 for the month (up from 408 in November 2016.) Total New Listings so far in November are 431 and likely to finish with 650 (up from 574 in November 2016.) Total Active Listings are at 1,648 (up from 1,572 at the same time in 2016), Sales To Listings Ratio is at 69% compared to 60% at the end of October 2017.

 

Vancouver East – 176 Units Sold so far in November 2017 and should finish with 280 for the month (up from 251 in November 2016.) Total New Listings so far in November are 315 and likely to finish with 530 (up from 419 in November 2016.) Total Active Listings are at 1,153 (up from 1,034 at the same time in 2016), Sales To Listings Ratio is at 56% compared to 54% at the end of October 2017.

 

North Vancouver – 149 Units Sold so far in November 2017 and should finish with 250 for the month (up from 222 in November 2016.) Total New Listings so far in November are 239 and likely to finish with 380 (up from 222 in November 2016.) Total Active Listings are at 594 (up from 511 at the same time in 2016), Sales To Listings Ratio is at 62% compared to 61% at the end of October 2017.

 

West Vancouver – 34 Units Sold so far in November 2017 and should finish with 55 for the month (up from 44 in November 2016.) Total New Listings so far in November are 103 and likely to finish with 160 (up from 110 in November 2016.) Total Active Listings are at 627 (up from 474 at the same time in 2016), Sales To Listings Ratio is at 33% compared to 23% at the end of October 2017.

 

Richmond – 197 Units Sold so far in November 2017 and should finish with 350 for the month (up from 262 in November 2016.) Total New Listings so far in November are 373 and likely to finish with 630 (up from 427 in November 2016.) Total Active Listings are at 1,410 (up from 1,327 at the same time in 2016), Sales To Listings Ratio is at 53% compared to 66% at the end of October 2017.

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