You will not do incredible things without an incredible dream." - John Eliot

Attached are the Sales and Listings Stats updated to the end of April 2013. Continued growth in units sold for April for Greater Vancouver and most areas. It was the highest number of sales in a month since May 2012 in Greater Vancouver. Richmond was one of the better performing markets with residential sales showing the highest number of units sold since June 2011. The total number of new listings coming on market did increase in April, compared to March 2013. Total active listings on market are staying consistent with last year though.  Here’s a summary of the numbers:

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, and Condos

Greater Vancouver: Total Units Sold in April 2013 was 2,666 – up from 2,373 in March 2013, down from 2,837 in April 2012; New Listings in April 2013 were down 2% to April 2012; Month’s Supply of Total Residential Listings is steady at 7 Months (Balanced Market).

Vancouver Westside Houses: Total Units Sold in April 2013 was 144 – down from 151 in March 2013, up from 130 in April 2012; New Listings in April 2013 were down 15% to April 2012; Month’s Supply of Total Residential Listings is steady at 7 (Balanced Market).

Vancouver Westside Condos: Total Units Sold in April 2013 was 315 – down from 324 in March 2013, down from 360 in April 2012; New Listings in April 2013 were down 11% to April 2012; Month’s Supply of Total Residential Listings is steady at 6 (Balanced Market).

Vancouver Eastside Houses: Total Units Sold in April 2013 was 132 – up from 94 in March 2013, down from 135 in April 2012; New Listings in April 2013 were up 7% to April 2012; Month’s Supply of Total Residential Listings is down to 5 from 6 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in April 2013 was 77 – down from 99 in March 2013, down from 152 in April 2012; New Listings in April 2013 were up 11% to April 2012; Month’s Supply of Total Residential Listings is up to 8 from 5 (Balanced Market).

North Vancouver Houses: Total Units Sold in April 2013 was 119 – up from 113 in March 2013, up from 118 in April 2012; New Listings in April 2013 were up 28% to April 2012; Month’s Supply of Total Residential Listings is steady at 4 (Balanced Market to Seller’s Market).

North Vancouver Condos: Total Units Sold in April 2013 was 71 – up from 62 in March 2013, down from 83 in April 2012; New Listings in April 2013 were up 8% to April 2012; Month’s Supply of Total Residential Listings is down to 6 from 7 (Balanced Market).

West Vancouver Houses: Total Units Sold in April 2013 was 61 – up from 58 in March 2013, down from 83 in April 2012; New Listings in April 2013 were up 10% to April 2012; Month’s Supply of Total Residential Listings is up to 10 from 9 (Buyer’s Market).

Richmond Houses : Total Units Sold in April 2013 was 109 – up from 89 in March 2013, down from 114 in April 2012; New Listings in April 2013 were down 13% to April 2012; Month’s Supply of Total Residential Listings is down to 9 from 10 (Buyer’s Market).

Richmond Condos: Total Units Sold in April 2013 was 148 – up from 117 in March 2013, up from 121 in April 2012; New Listings in April 2013 were down 10% to April 2012; Month’s Supply of Total Residential Listings is down to 6 from 7 (Buyer’s Market).

"Life's blows cannot break a person whose spirit is warmed at the fire of enthusiasm." - Norman Vincent Peale

Attached are the Sales and Listings Stats updated to April 27, 2013. Units sold in Greater Vancouver have matched the total for March 2013 thus far. April should finish with close to 2,600 sales – the highest amount since May 2012. This year is bucking the trend, as the market has shown over the last 25 years, April typically finished with unit sales lower than March. As we’ve seen currently, sales have increased each month this year, a sign of increasing demand. Richmond is on track to have it strongest month of sales since the spring of 2011. West Vancouver has significantly improved as well, with sales significantly higher than the last 8 months.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Summary of April 2013 so far:

Greater Vancouver All Residential: Total Units Sold in so far in March is 2,352 – should finish with 2,600 units sold and 7 Months Supply (Balanced Market)

Vancouver Westside All Residential: Total Units Sold in so far in March is 460 – should finish with 520 units sold and 6 Months Supply (Balanced Market)

Vancouver Eastside All Residential: Total Units Sold in so far in March is 221 – should finish with 250 units sold and 6 Months Supply (Balanced Market)

North Vancouver All Residential: : Total Units Sold in so far in March is 194 – should finish with 220 units sold and 5 Months Supply (Balanced Market bordering on Buyer’s Market)

West Vancouver All Residential: Total Units Sold in so far in March is 80 – should finish with 95 units sold and 8 Months Supply (Balanced Market)

Richmond All Residential: Total Units Sold in so far in March is 312 – should finish with 360 units sold and 6 Months Supply (Balanced Market)

Sales and listings stats are attached as of April 13th. With Spring Break to finish March and Easter to begin April, we’ve seen the number of units sold accelerate over the last week. Sales to listings Ratios are down from March as the number of listings coming on market were up to begin April. With sales activity increase over the remainder of the month that ratio should increase towards the end of the month.  Here’s a summary of activity in March so far:

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver – 1,115 Units Sold so far in April 2013, 2,373 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 41%.

Vancouver West - 220 Units Sold so far in April 2013, 533 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 41%.

Vancouver East - 102 Units Sold so far in April 2013, 225 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 36%.

North Vancouver – 88 Units Sold so far in April 2013, 206 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 34%.

West Vancouver – 34 Units Sold so far in April 2013, 78 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 29%.

Richmond – 146 Units Sold so far in April 2013, 280 Sold in March 2013, Sales to Listings Ratio (Absorption Rate) is at 44%.

"Attitude is a little thing that makes a big difference." - Winston Churchill

Attached are the Sales and Listings Stats updated to the end of March 2013. March saw the real estate market blooming, becoming stronger and more balanced. In most market areas, the number of properties sold was higher than they have been since last spring and summer. The number of new listings coming on market continues to be at below average levels. For Greater Vancouver, new listings in March 2013 were down 16% to March 2012 and down 38% to March 2011. With fewer properties to choose from, Buyer engagement is improving. While still conscious of price, there is a realization that new listings priced at today’s prices are moving quicker than we have seen. Here’s a summary of the numbers:

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in March 2013 was 2,373 – up from 1,822 in February 2013 down from 2,919 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).

Vancouver Westside Houses: Total Units Sold in March 2013 was 151 – up from 104 in February 2013 close to 152 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 9 (Balanced Market).

Vancouver Westside Condos: Total Units Sold in March 2013 was 324 – up from 253 in February 2013 down from 394 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

Vancouver Eastside Houses: Total Units Sold in March 2013 was 94 – up from 77 in February 2013 down from 155 in March 2012; New Listings in March 2013 were down 23% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in March 2013 was 99 – up from 67 in February 2013 down from 138 in March 2012; New Listings in March 2013 were down 30% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

North Vancouver Houses: Total Units Sold in March 2013 was 113 – up from 76 in February 2013 down from 121 in March 2012; New Listings in March 2013 were down 5% to March 2012; Month’s Supply of Total Residential Listings is down to 4 Months from 5 (Becoming Buyer’s Market).

North Vancouver Condos: Total Units Sold in March 2013 was 62 – up from 52 in February 2013 down from 91 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is flat at 7 (Balanced Market).

West Vancouver Houses: Total Units Sold in March 2013 was 58 – up from 31 in February 2013 down from 78 in March 2012; New Listings in March 2013 were down 11% to March 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 16 (Balanced Market).

Richmond Houses : Total Units Sold in March 2013 was 89 – flat to 89 in February 2013 down from 104 in March 2012; New Listings in March 2013 were down 31% to March 2012; Month’s Supply of Total Residential Listings is flat at 10 (Balanced Market).

Richmond Condos: Total Units Sold in March 2013 was 117 – up from 80 in February 2013 flat to 118 in March 2012; New Listings in March 2013 were down 20% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 10 (Balanced Market).

“Fortune favours the brave." - Publius Terence

Attached are the Sales and Listings Stats updated to March 23, 2013. Units sold in Greater Vancouver have already surpassed the total for February thus far. March should finish with close to 2,400 sales – the highest amount since May 2012. Vancouver’s Westside is having a strong month for sales in March, we should see close to 500 units sold – the highest amount since May 2012. Vancouver’s Westside Detached is on pace to have the highest units sold in a month since March 2012. We are also seeing less new listings coming on this month, compared to a typical March. As a result, Sales to Listings Ratios (Absorption Rate) are up dramatically in March with Vancouver’s Westside on pace to be ahead of March 2012. Total Month’s Supply will also drop in all areas by the end of March.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Summary of March 2013 so far:

Greater Vancouver All Residential: Total Units Sold in so far in March is 1,831– compared to a total of 1,822 in February 2013, Sales to Listings Ratio at 46% compared to 36% in February 2013.

Vancouver Westside All Residential: Total Units Sold in so far in March is 420 – compared to a total of 395 in February 2013, Sales to Listings Ratio at 53% compared to 37% in February 2013.

Vancouver Eastside All Residential: Total Units Sold in so far in March is 167 – compared to a total of 167 in February 2013, Sales to Listings Ratio at 44% compared to 37% in February 2013.

North Vancouver All Residential: Total Units Sold in so far in March is 156 – compared to a total of 156 in February 2013, Sales to Listings Ratio at 50% compared to 41% in February 2013.

West Vancouver All Residential: Total Units Sold in so far in March is 62 – compared to a total of 46 in February 2013, Sales to Listings Ratio at 39% compared to 20% in February 2013.

Richmond All Residential: Total Units Sold in so far in March is 209 – compared to a total of 221 in February 2013, Sales to Listings Ratio at 44% compared to 36% in February 2013.

Sales and listings stats are attached as of March 16^th. We’ve seen a much better month compared to February so far. Units sold are on pace to beat February, with less listings coming on market than we traditionally see in March. Sales to listings ratios are up compared to the first week in the month of March, and up from the January and February - showing more of the inventory is being absorbed. Here’s a summary of activity in March so far:

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Greater Vancouver – 1,234 Units Sold so far in March 2013, 1,822 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 43%, compared to 40% in the first week and 36% in February.

Vancouver West - 287 Units Sold so far in March 2013, 395 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 53%, compared to 46% in the first week and 37% in February.

Vancouver East - 109 Units Sold so far in March 2013, 167 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 41%, compared to 41% in the first week and 37% in February.

North Vancouver – 113 Units Sold so far in March 2013, 156 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 50%, compared to 47% in the first week and 41% in February.

West Vancouver – 40 Units Sold so far in March 2013, 46 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 33%, compared to 25% in the first week and 20% in February.

Richmond – 140 Units Sold so far in March 2013, 221 Sold in February 2013, Sales to Listings Ratio (Absorption Rate) is at 39%, compared to 39% in the first week and 36% in February.

Below are the Sales and Listings Stats updated to the end of February 2013 displayed graphically.

Sales and Listings Stats by Graph

“Playing it safe is the riskiest choice we can ever make." - Sarah Ban Breathnach

Sales and listings stats are attached as of March 9^th, 2013. We’ve had a strong start to the month with the best week for sales thus far in 2013. As a result, Total Active Listings on market are staying in check, with the significant pent up demand beginning to act in the market. As we’ve seen through the last few months, listings coming on at today’s prices are getting the attention of buyers – and a more significant rate.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver - 643 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 40% - compared to 36% in February 2013 and 26% in January 2013.

Vancouver West - 152 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 46% - compared to 37% in February 2013 and 28% in January 2013.

Vancouver East - 58 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 41% - compared to 37% in February 2013 and 31% in January 2013.

North Vancouver 62 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 47% - compared to 41% in February 2013 and 29% in January 2013.

West Vancouver – 16 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 25% - compared to 20% in February 2013 and 23% in January 2013.

Richmond – 75 Units Sold so far in March 2013, Sales to Listings Ratio (Absorption Rate) so far is 39% - compared to 36% in February 2013 and 22% in January 2013.

“If we wait for the moment when everything, absolutely everything is ready, we shall never begin." - Ivan Turgenev

Attached are the Sales and Listings Stats updated to the end of February 2013. This year is continuing at a tepid pace, providing plenty of room to grow! While sales are lagging behind last year, so is the number of new listings coming on market. We saw through February the Sales to New Listings Ratio (absorption rate) improving, brining some markets into a balance state. While good opportunities for buyers still exist, they are dwindling. With new listings coming on at better price points and confidence in the market growing, sales will accelerate.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in February 2013 was 1,822 – up from 1,374 in January 2013 down from 2,572 in February 2012; New Listings in February 2013 were down 12% to February 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 10 (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in February 2013 was 104 – up from 83 in January 2013 down from 177 in February 2012; New Listings in February 2013 were flat to February 2012; Month’s Supply of Total Residential Listings is flat at 9 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in February 2013 was 253 – up from 200 in January 2013 down from 323 in February 2012; New Listings in February 2013 were down 20% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

Vancouver Eastside Houses: Total Units Sold in February 2013 was 77 – up from 56 in January 2013 down from 125 in February 2012; New Listings in February 2013 were down 12% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in February 2013 was 67 – up from 57 in January 2013 down from 102 in February 2012; New Listings in February 2013 were down 33% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

North Vancouver Houses: Total Units Sold in February 2013 was 76 – up from 52 in January 2013 down from 103 in February 2012; New Listings in February 2013 were down 4% to February 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 6 (Balanced Market).

North Vancouver Condos: Total Units Sold in February 2013 was 52 – up from 38 in January 2013 down from 82 in February 2012; New Listings in February 2013 were down 18% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).

West Vancouver Houses: Total Units Sold in February 2013 was 31 – down from 38 in January 2013 down from 68 in February 2012; New Listings in February 2013 were up 39% to February 2012; Month’s Supply of Total Residential Listings is up to 16 Months from 11 (Buyer’s Market).

Richmond Houses : Total Units Sold in February 2013 was 89 – up from 63 in January 2013 down from 119 in February 2012; New Listings in February 2013 were down 17% to February 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 13 (Buyer’s Market).

Richmond Condos: Total Units Sold in February 2013 was 80 – up from 59 in January 2013 down from 125 in February 2012; New Listings in February 2013 were down 20% to February 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 12 (Buyer’s Market).

Attached are the Sales and Listings Stats updated to February 23^rd. While unit sales for February will be down from February 2012 and below the 10 year average, market conditions are improving. Strength is coming back into the market. We are seeing less inventory coming on market than would normally for this time of year. Sales to Listings Ratios (Absorption Rate) for all areas are improving, most notably on Vancouver’s West Side and Richmond – which were two markets seeing the most significant market adjustment. Market conditions continue to balance with those Sellers at today’s prices getting the attention of Buyers.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Summary of February 2013 so far:

Greater Vancouver All Residential: Total Units Sold in so far in February is 1,425, should finish at 1,900 – up from 1,374 in January 2013, 4,119 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 42% compared to the first 2 weeks of the month at 32%.

Vancouver Westside All Residential: Total Units Sold in so far in February is 313, should finish at 420 – up from 314 in January 2013, 884 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 46% compared to the first 2 weeks of the month at 31%.

Vancouver Eastside All Residential: Total Units Sold in so far in February is 140, should finish at 190 – up from 140 in January 2013, 357 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 39% on track with the first 2 weeks of the month at 31%.

North Vancouver All Residential: Total Units Sold in so far in February is 125, should finish at 170 – up from 106 in January 2013, 305 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 43% compared to the first 2 weeks of the month at 40%.

West Vancouver All Residential: Total Units Sold in so far in February is 36, should finish at 50 – up from 47 in January 2013, 192 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 23% compared to the first 2 weeks of the month at 17%.

Richmond All Residential: Total Units Sold in so far in February is 163, should finish at 210 – up from 165 in January 2013, 533 New Listings so far in February, with Sales to Listings Ratio (Absorption Rate) last week at 51% compared to the first 2 weeks of the month at 23%.

Life has no limitations, except the ones you make." - Les Brown

Sales and listings stats are attached as of February 16th. We’re half way through the month with better activity for the month so far. New listings coming on the market continue at a tepid pace, making pricing still extremely important for sellers. Last week did see a positive gain in activity with Sales to Listings Ratios for the week at 40% after having tracked below 30% through the first 5 weeks of the year. Of note, average price for Vancouver’s Westside, specifically the Detached market showed significant gains due to the sale of two properties on Newton Wynd for significant prices.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver - 922 Units Sold so far in February 2013, 1,374 Sold in January 2013, Sales to Listings Ratio currently at 32% compared to 26% in January 2013.

Vancouver West - 202 Units Sold so far in February 2013, 314 Sold in January 2013, Sales to Listings Ratio currently at 31% compared to 28% in January 2013.

Vancouver East - 94 Units Sold so far in February 2013, 140 Sold in January 2013, Sales to Listings Ratio currently at 39% compared to 31% in January 2013.

North Vancouver – 84 Units Sold so far in February 2013, 106 Sold in January 2013, Sales to Listings Ratio currently at 40% compared to 29% in January 2013.

West Vancouver – 23 Units Sold so far in February 2013, 47 Sold in January 2013, Sales to Listings Ratio currently at 17% compared to 23% in January 2013.

Richmond – 91 Units Sold so far in February 2013, 165 Sold in January 2013, Sales to Listings Ratio currently at 23% compared to 22% in January 2013.

Attached are the Sales and Listings Stats Update as of February 10^th. Activity in the market continues to increase with units sales on the rise, while listings are creeping up too. General activity and attitude in the market is better than we have seen of late with the focus continuing to be on pricing. 

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Change your thoughts and you change your world." - Norman Vincent Peale

Attached are the Sales and Listings Stats up to the end of January 2013. The New Year has started on better terms than how it finished. With unit sales in January 2013 up from December 2012 and the number of new listings coming on market slowing, the result was the Month’s Supply declining in all areas. Energy in the real estate market is returning and with it sales should continue to increase. While not at levels previously seen in the frenetic markets but creating more of a balance, one that will still favour buyers to a degree. With that pricing continues to be a determining factor on listings selling. Properties listed at today’s prices will speak to buyers more than what continues on market at yesterday’s prices. With interest rates continuing at low levels and better sentiment in the economy, a better positive feeling in the market will help to create a better atmosphere.

 Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in January 2013 was 1,374 – up from 1,171 in December 2012; New Listings in January 2013 were down 11% to January 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 12 (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in January 2013 was 83 – up from 49 in December 2012; New Listings in January 2013 were down 31% to January 2012; Month’s Supply of Total Listings is down to 9 Months from 14 (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in January 2013 was 200 – up from 156 in December 2012; New Listings in January 2013 were down 12% to January 2012; Month’s Supply of Total Listings is down to 8 Months from 10 (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in January 2013 was 56 – up from 54 in December 2012; New Listings in January 2013 were down 20% to January 2012; Month’s Supply of Total Listings is down to 8 Months from 9 (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in January 2013 was 57 – up from 53 in December 2012; New Listings in January 2013 were up 10% to January 2012; Month’s Supply of Total Listings stayed at 8 (Buyer’s Market).

North Vancouver Houses: Total Units Sold in January 2013 was 52 – up from 32 in December 2012; New Listings in January 2013 were up 19% to January 2012; Month’s Supply of Total Listings is down to 6 Months from 9 (Balanced Market).

North Vancouver Condos: Total Units Sold in January 2013 was 38 – up from 34 in December 2012; New Listings in January 2013 were down 19% to January 2012; Month’s Supply of Total Listings stayed at 9 (Buyer’s Market).

West Vancouver Houses: Total Units Sold in January 2013 was 38 – up from 29 in December 2012; New Listings in January 2013 were down 16% to January 2012; Month’s Supply of Total Listings is down to 11 Months from 14 (Buyer’s Market).

Richmond Houses: : Total Units Sold in January 2013 was 63 – up from 44 in December 2012; New Listings in January 2013 were down 24% to January 2012; Month’s Supply of Total Listings is down to 13 Months from 19 (Buyer’s Market).

Richmond Condos: Total Units Sold in January 2013 was 59 – up from 54 in December 2012; New Listings in January 2013 were down 25% to January 2012; Month’s Supply of Total Listings is down to 12 Months from 14 (Buyer’s Market).

Attached are the Sales and Listings Stats updated to January 27^th. Units sold are up from December 2012 with new listings in January at lower levels than January 2012. With less inventory coming on the market at prices more accepting to buyers we are seeing activity increase. While there is still a significant amount of stale inventory on the market, new listings are getting the attention of buyers. This trend should continue as we move into the Spring market. Buyers will be eager to see listings come on market at today’s prices with sellers realistic with today’s prices having a better chance of achieving a sale.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Summary of January 2013 so far:

Greater Vancouver All Residential: Total Units Sold in so far in January is 1,057 should finish at 1,300 – up from 1,171 in December 2012, 4,374 New Listings so far in January, we should see Month’s Supply of Listings drop to 11 from 12 (Buyer’s Market is above 7).

Vancouver Westside All Residential: Total Units Sold in so far in January is 244 should finish at 300 – up from 235 in December 2012, 917 New Listings so far in January, we should see Month’s Supply of Listings drop to 9 from 11 (Buyer’s Market is above 7).

Vancouver Eastside All Residential: Total Units Sold in so far in January is 105 should finish at 140 – up from 124 in December 2012, 364 New Listings so far in January, we should see Month’s Supply of Listings drop to 8 from 7 (Buyer’s Market is above 7).

North Vancouver All Residential: Total Units Sold in so far in January is 76 should finish at 100 – up from 90 in December 2012, 312 New Listings so far in January, we should see Month’s Supply of Listings stay at 8 (Buyer’s Market is above 7).

West Vancouver All Residential: Total Units Sold in so far in January is 38 should finish at 45 – up from 38 in December 2012, 161 New Listings so far in January, we should see Month’s Supply of Listings drop from 15 to 13 (Buyer’s Market is above 7).

Richmond All Residential: Total Units Sold in so far in January is 134 should finish at 190 – up from 139 in December 2012, 633 New Listings so far in January, we should see Month’s Supply of Listings drop from 14 to 10 (Buyer’s Market is above 7).

It's good to have an end in mind but in the end what counts is how you travel." - Orna Ross

The link below is for the Sales and Listings Update as of January 13^th. While early in the year to discuss any trends, total inventory of listings on the market continues to be lower than we’ve seen and seems to be trending lower this January compared to January 2012. Well priced listings coming on the market are getting the attention of buyers. Today’s prices are different than what we saw last year and we should see buyers reacting more favourably to listings priced to reflect current market conditions.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Below is the link for the Sales and Listings Stats up to the end of December 2012 by graph. A great pictoral view of our real estate market!

Sales and Listings Stats by Graph

"Today is your day, your mountain is waiting, so get on your way." - Dr Seuss

Happy New Year! Attached are the end of December 2012 Sales and Listings Stats. The New Year started as they typically do, with less homes listed for sale. Total Residential Active Listings in Greater Vancouver are down 30% from November 30, 2012. Total properties listed for sale during December were down 49% to November 2012 and down 16% to December 2011. While sales in December are down from November 2012 and December 2012, we’ve seen that through 2012 so it is not news.

Perspective is the key. Where prices go is anyone’s guess. But considering the financial crisis of 2008 didn’t cause widespread panic selling and significant price drops, than what will? People need bigger homes, people need smaller homes, renters want to own and immigration into Vancouver leads to more buyers. As always, the focus will shift from where prices are going to making your living situation better. As we go forward people will get back to doing what they want and need to do: Moving!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in December 2012 was 1,171 – down from 1,733 in November 2012; and down from 1,700 in December 2011; Month’s Supply of Total Residential Listings is at 12 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in December 2012 was 49 – down from 77 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 29% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in December 2012 was 156 – down from 241 in November 2012; and down from 262 in December 2011; Total Active Listings as of January 2013 are down 46% from November 2012; Month’s Supply of Total Active Listings is at 10 Months (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in December 2012 was 54 – down from 91 in November 2012; and down from 95 in December 2011; Total Active Listings as of January 2013 are down 34% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in December 2012 was 53 – down from 69 in November 2012; and up from 51 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in December 2012 was 32 – down from 60 in November 2012; and down from 53 in December 2011; Total Active Listings as of January 2013 are down 39% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

North Vancouver Condos: Total Units Sold in December 2012 was 34 – down from 59 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 9 Months (Buyer’s Market).

West Vancouver Houses: Total Units Sold in December 2012 was 29 – down from 32 in November 2012; and down from 38 in December 2011; Total Active Listings as of January 2013 are down 31% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in December 2012 was 44 – down from 76 in November 2012; and down from 62 in December 2011; Total Active Listings as of January 2013 are down 32% from November 2012; Month’s Supply of Total Active Listings is at 19 Months (Buyer’s Market).

Richmond Condos: Total Units Sold in December 2012 was 54 – down from 81 in November 2012; and down from 75 in December 2011; Total Active Listings as of January 2013 are down 29% from November 2012; Month’s Supply of Total Active Listings is at 14 Months (Buyer’s Market).

Attached are the updated Sales and Listings Stats updated as of December 16^th. Instead of breaking down the numbers, in honour of the holiday season I’ve written out a holiday cheer based on the song “Winter Wonderland.” So hum the tune in your head and have a read. And yes, I’ll stick to my day job!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

The next stats update will be after the end of the month.

Real Estate Is Wonderful In BC

Sold signs shine, can you see them,
In 2013 there’ll be more of them
Don’t let it be a fright,
The media is not right,
Real Estate is wonderful in BC.

Gone away are high loan rates,
Here to stay are the low rates
The bank is our friend,
When they like to lend,
Real Estate is wonderful in BC.

In the city we can see the mountains,
Or we can walk by the ocean
Visitors will say: can we stay?
We'll say: Of course,
But you can buy or rent
When you're in town.

On weekends we’ll hold opens,
Smell of bread in the ovens
The homes all say buy me,
And we all agree,
Real Estate is wonderful in BC.

In the city we can build a tower,
As the government makes changes trying to sour
But our market is so much stronger tho,
Compared to what we see in the city of T.O.

When it rains we are always pining,
For the glory we see when the sun is shining
We’ll yoga away perhaps ski or find a cafe,
Real Estate is wonderful in BC.

Real Estate is wonderful in BC,
Real Estate is wonderful in BC.

Have a great holiday season!!!

Click on the link below to view all the Sales and Listings Stats Graphically!

Sales and Lisings Stats by Graph

To be prepared is half the victory." - Miguel de Cervantes

And to be prepared, you need the stats! The REAL stats, not the news from the media. Attached are the end of November Sales and Listings Stats. While the total number of units sold was down in November compared to October 2012, we are seeing the total number of active listings continue to decrease and the number of properties being listed each month decrease. Total Active Listings as of December 1, 2012 are down 14% compared to June 1, 2012, while during the same period in 2011 total active listings were only down 8%. Benchmark Prices continue to drop in all areas – with the biggest declines occurring in Detached Houses on Vancouver’s West Side and West Vancouver.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in November 2012 was 1,733 – down from 1,970 in October 2012; New Listings in November 2012 were down 36% to October 2012; Month’s Supply of Total Residential Listings is up slightly to 10 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in November 2012 was 77 – down from 104 in October 2012; New Listings in November 2012 were down 30% to October 2012; Month’s Supply of Total Active Listings is up to 11 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in November 2012 was 241 – down from 264 in October 2012; New Listings in November 2012 were down 42% to October 2012; Month’s Supply of Total Active Listings is steady at 8 Months (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in November 2012 was 91, steady from 93 Sold in October 2012; New Listings in November 2012 were down 48% to October 2012; Month’s Supply of Total Active Listings is steady at 7 Months (Trending on Balanced).

Vancouver Eastside Condos: Total Units Sold in November 2012 was 69 flat to October 2012 at 70; New Listings in November 2012 were down 34% to October 2012; Month’s Supply of Total Active Listings is steady at 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in November 2012 was 60, down from 78 in October 2012; New Listings in November 2012 were down 36% to October 2012; Month’s Supply of Total Active Listings is steady at 6 Months (Balanced Market).

North Vancouver Condos: Total Units Sold in November 2012 was 59, up from 56 in October 2012; New Listings in November 2012 were down 40% to October 2012; Month’s Supply of Total Active Listings is down to 7 Months (Buyer’s to Balanced Market).

West Vancouver Houses: Total Units Sold in November 2012 was 32, down from 32 in October 2012; New Listings in November 2012 were down 46% to October 2012; Month’s Supply of Total Active Listings is up to 16 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in November 2012 was 76, flat to October 2012 at 79 Sold; New Listings in November 2012 were down 34% to October 2012; Month’s Supply of Total Active Listings is down to 12 Month’s (Buyer’s Market).

Richmond Condos: Total Units Sold in November 2012 was 81, flat to October 2012 at 81 Sold; New Listings in November 2012 were down 31% to October 2012; Month’s Supply of Total Active Listings is down to 10 Months (Buyer’s Market).

If you want to see the sunshine, you have to weather the storm – Frank Lane

Looking outside the window today and driving around Vancouver, you cannot help but think this is a pretty amazing place to live! Snow on the mountains; sun gleaming on the water – if this isn’t location, location, location I don’t know what is! So while the attached sales and listings statistics show a picture of moderation, just like our weather – the sun will shine. Strength in real estate comes from location, exactly what this city and this province offers. The total number of active listings continue to decrease with sales maintaining. Pent up demand and less listings on market continue to set up for a stronger 2013.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver All Residential: Total Units Sold in November so far is 1,348 with total active listings at 17,122; we should see Month’s Supply of Listings maintain at 9 (Buyer’s Market is above 7).

Vancouver Westside All Residential: Total Units Sold in November so far is 273 with total active listings at 3,180 (lowest level since February 2012); we should see Month’s Supply of Listings maintain at 8.

Vancouver Eastside All Residential: Total Units Sold in November so far is 153 with total active listings at 1,324; we should see Month’s Supply of Listings drop to 7.

North Vancouver All Residential: Total Units Sold in November so far is 114 with total active listings at 1,003; we should see Month’s Supply of Listings maintain at 7.

West Vancouver All Residential: Total Units Sold in November so far is 34 with total active listings at 729; we should see Month’s Supply of Listings increase to 14.

Richmond All Residential: Total Units Sold in November so far is 166 with total active listings at 2,266 (lowest level since February 2012); we should see Month’s Supply of Listings maintain at 11 after a peak of 16 in September!

To see the Sales and Listings Stats by Graph for the end of October, click on the link below!

Sales and Listings Stats by Graph

Dexter Associates Realty will be graciously accepting non perishable food items for the Food Bank at our Open Houses until December 2^nd.

What We're Doing

Come visit us and help those in need! If you would prefer to donate online contact us to find out how or click on the following link to donate and put "Dexter" in the comments section.

https://www.foodbank.bc.ca/donate

Click on our "WEEKEND OPEN HOUSES" tab on our main page to find all our open houses!

“Always Look on the Bright Side of Life” – Eric Idle (From Monty Python)

Attached are the updated Sales and Listings Stats up to November 11^th. Similar to the way October finished, we are seeing listings coming down in all areas with fewer properties coming on the market and unit sales continuing to be stronger than we’ve seen. Confidence is growing in the market and as such so is activity. Richmond thus far has been one of the better performing areas to start the month with one of the highest Sales to Listings Ratios - 58% for all Residential and 80% for Detached Houses. What was once on the bottom is now on top!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

October wasn’t so scary after all! Units Sold in October in all areas were up over September 2012, matching numbers we hadn’t seen since the spring. At the same time, total new listings were down and total active listings continued to fall. At the start of November, close to 900 listings came off the market in Greater Vancouver. What we have been talking about is happening, opportunities for buyers are diminishing. We’ve seen the price corrections occur and now the market is balancing. Activity levels are increasing at open houses and showings, with properly priced listings getting the attention of buyers engaged. As we continue to move through the fall we’ll see the opportunities for buyers continue to decrease. Look around, less for sale signs and more sold stickers!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in October 2012 was 1,970 – up 28% to September 2012; New Listings in October 2012 were down 18% to September 2012; Month’s Supply of Total Residential Listings is down to 9 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in October 2012 was 104 – up 21% to September 2012; New Listings in October 2012 were down 30% to September 2012; Month’s Supply of Total Active Listings is down to 9 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in October 2012 was 264 – up 25% to September 2012; New Listings in October 2012 were down 3% to September 2012; Month’s Supply of Total Active Listings is down to 8 Months (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in October 2012 was 93, up 26% to September 2012; New Listings in October 2012 were down 86% to September 2012; Month’s Supply of Total Active Listings is down to 7 Months (Trending on Balanced).

Vancouver Eastside Condos: Total Units Sold in October 2012 was 70 flat to September 2012; New Listings in October 2012 were down 28% to September 2012; Month’s Supply of Total Active Listings is 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in October 2012 was 78, up 77% to September 2012; New Listings in October 2012 were down 39% to September 2012; Month’s Supply of Total Active Listings dropped to 6  Months (Balanced Market).

North Vancouver Condos: Total Units Sold in October 2012 was 56, up 30% to September 2012; New Listings in October 2012 were down 39% to September 2012; Month’s Supply of Total Active Listings is down to 8 Months (Buyer’s Market).

West Vancouver Houses: Total Units Sold in October 2012 was 51, up 19% to September 2012; New Listings in October 2012 were down 31% to September 2012; Month’s Supply of Total Active Listings is 11 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in October 2012 was 79, up 54% to September 2012; New Listings in October 2012 were down 15% to September 2012; Month’s Supply of Total Active Listings is down to 13 Month’s (Buyer’s Market).

Richmond Condos: Total Units Sold in October 2012 was 85, up 16% to September 2012; New Listings in October 2012 were up marginally to September 2012; Month’s Supply of Total Active Listings is 11 Months (Buyer’s Market).

Dexter Associates Realty will be graciously accepting non perishable food items for the Food Bank at our Open Houses until December 2^nd. Come visit us and help those in need! If you would prefer to donate online contact us to find out how or click on the following link to donate and put "Dexter" in the comments section.

https://www.foodbank.bc.ca/donate

Click on our "WEEKEND OPEN HOUSES" tab on our main page to find all our open houses!

“Every Wall is a Door” – Winston Churchill

Attached are the Sales and Listings Stats updated to October 28^th. We are seeing an increase in sales across Greater Vancouver, month over month for the first time since May... refuting some media reports of plummeting sales. October should finish with unit sales totals at their highest since June and in some areas May. Total Active Listings on market are coming down and will continue to decrease as we move through the Fall. Total Active Listings in Richmond are lower than they have been in 6 months as with Houses on Vancouver’s West Side. Prices are continuing to be reset, more so on Vancouver’s West Side, Richmond and West Vancouver. What is happening in the market today does not show in current pricing statistics nor get reflected in media reports.  Prices have come down. Opportunities continue to be available for buyers but it is hard to say for how long.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver All Residential: Total Units Sold in October so far are at 1,674 up from 1,536 in September 2012 and we should see Month’s Supply of Listings drop to 10 from 13 (Buyer’s Market is above 7).

Vancouver Westside All Residential: Total Units Sold in October so far are at 351 up from 333 in September 2012 and we should see Month’s Supply of Listings drop to 8 from 11.

Vancouver Eastside All Residential: Total Units Sold in October so far are at 158 down slightly from 164 in September 2012 but should finish the month ahead and we should see Month’s Supply of Listings stay at 8.

North Vancouver All Residential: Total Units Sold in October so far are at 132 up from 100 in September 2012 and we should see Month’s Supply of Listings drop to 7.

West Vancouver All Residential: Total Units Sold in October so far are at 58 similar to September 2012 which was 58 and we should see Month’s Supply of Listings drop to 11.

Richmond All Residential: Total Units Sold in October so far are at 191 up from 173 in September 2012 and we should see Month’s Supply of Listings drop to 12.

“When A Window Of Opportunity Appears, Don’t Pull Down The Shade” -  Tom Peters

Attached are the weekly Sales and Listings Stats updated to October 21st. October is proving to be a better month for real estate in Greater Vancouver. With the number of units sold increasing and the number of listings coming on market decreasing, overall inventory levels will continue to fall as we go through the remainder of 2012. Timing is everything for buyers and sellers and price is what counts. Reports in the media are much more friendly in regards to real estate with a recent article in the Vancouver Sun on October 20^th reading “Canada has done enough to prevent real estate crash like the U.S., Spain: Flaherty.” The article essentially says that  Canada has done enough to slow its housing market and prevent a crash... and that Flaherty goes on to say “We’ve done enough, I do not intend to do any more.”

Sales and Listings Stats Regional

Sales and Listings Stats Houses Townhouses and Condos

What are the numbers telling us?

Greater Vancouver: 1,234 Units Sold as of October 21^st, on track to reach approx. 1,800 sales for October – up from 1,536 in September 2012

Vancouver West Detached: 59 Units Sold as of October 21^st, on track to equal match September 2012 Sales of 86 – up from August Sales of 75

Vancouver West Townhouse: 32 Units Sold as of October 21^st, should finish stronger than September 2012 Sales of 35 Units

Vancouver West Condos: 165 Units Sold as of October 21^st, should finish slightly ahead of September 2012 Sales of 212 Units

Vancouver East Detached: 61 Units Sold as of October 21^st, looking to reach 85 Units Sold, compared to 74 in September 2012

Vancouver East Condo: 40 Units Sold as of October 21^st, may end up slightly below September 2012 Sales of 71 Units

North Vancouver Detached: 50 Units Sold as of October 21^st, already above September 2012 Sales of 44

North Vancouver Condos: 28 Units Sold as of October 21^st, should equal September 2012 Sales

West Vancouver Detached: 34 Units Sold as of October 21^st, on pace to meet September 2012 Sales of 43

Richmond Detached: 52 Units Sold as of October 21^st, will exceed September 2012 Sales of 54

Richmond Condos: 48 Units Sold as of October 21^st, may finish October slightly below September 2012 Sales of 73

Attached are the Sales and Listings Stats updated as of October 8^th, 2012.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Good start to the month, with the units sold for the first week higher than they have been on a weekly basis in the last 2 months. Unit Sales for Greater Vancouver were 10 to 15% for the first week compared to previous weeks and the Vancouver West Side was 20% higher.

Sales to Listings Ratios (Absorption Rate) are trending higher as well to start October:

Greater Vancouver: 35% in October compared to 28% in September 2012

Vancouver West Side: 35% in October compared to 29% in September 2012

Vancouver East Side: 30% in October – flat to September 2012 which was at 30%

North Vancouver: 43% in October compared to 20% in September 2012

West Vancouver: 26% in October compared to 22% in September 2012

Richmond: 41% in October compared to 28% in September 2012

The mantra continues – price it well to help it sell! And with less new listings coming on the market, buyers your time is now!

For all our Sales and Listings Statisitics by Graph clink on the link below!

Sales and Listings Stats by Graphs

“The best way to predict the future is to create it.” - Abraham Lincoln

Sales and listings statistics are out for September. While the numbers show a September not to remember – perspective is the key. Over the last 25 years, September has more often than not shown lower units sold than August. September is a transition month, as much in life as in real estate. Activity in the real estate market did increase week by week as we moved through September. Over 1000 listings came off the market as October 1^st appeared, with many more inactive listings on the market – buyers are engaging those listings coming on that are priced sharply leaving a bulk of listings sitting quiet. Benchmark prices in all areas have seen declines since their peak this year showing that Sellers will have to be reactive in their pricing going forward. And Buyers have their opportunity!

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in September 2012 was 1,536 – down 8% to August 2012; New Listings in September 2012 were down 6% to September 2011; Month’s Supply of Total Residential Listings is 13 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in September 2012 was 86 – up 15% to August 2012; New Listings in September 2012 were down 16% to September 2011; Month’s Supply of Total Active Listings is 12 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in September 2012 was 212 – down 14% to August 2012; New Listings in September 2012 were down 13% to September 2011; Month’s Supply of Total Active Listings is 10 Month’s (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in September 2012 was 74, down 6% to August 2012; New Listings in September 2012 were down 10% to September 2011; Month’s Supply of Total Active Listings is 10 Month’s (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in September 2012 was 71 down 5% to August 2012; New Listings in September 2012 were down 6% to September 2011; Month’s Supply of Total Active Listings is 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in September 2012 was 44, down 14% to August 2012; New Listings in September 2012 were up 9% to September 2011; Month’s Supply of Total Active Listings is 11 Month’s (Buyer’s Market).

North Vancouver Condos: Total Units Sold in September 2012 was 43, down 10% to August 2012; New Listings in September 2012 were down 3% to September 2011; Month’s Supply of Total Active Listings is 11 Months (Buyer’s Market).

West Vancouver Houses: Total Units Sold in September 2012 was 43, up 79% to August 2012; New Listings in September 2012 were up 2% to September 2011; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in September 2012 was 54, down 10% to August 2012; New Listings in September 2012 were down 27% to September 2011; Month’s Supply of Total Active Listings is 21 Month’s (Heavy Buyer’s Market!!!).

Richmond Condos: Total Units Sold in September 2012 was 73, up 12% to August 2012; New Listings in September 2012 were down 31% to September 2011; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market).

“Too many people miss the silver lining because they’re expecting gold” – Maurice Setter

Attached are the sales and listings update as of September 23, 2012. As typical of September, the real estate market takes time to get going after the summer. Total units sold in September should be higher than August of this year with October pushing forward even more. Total units sold has increased week over week so far in September showing acceleration in the market. The fundamentals of Vancouver’s Real Estate market appear much stronger than what is currently being reported. Opportunities exist in the market whether buying or selling, pricing as always remains extremely important.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

After a slow first week of September, unit sales accelerated in the second week. Activity levels are stronger than September, which should push sales for the month around 2,000, similar to September sales levels for the last 2 years. There is strong growth in new listings coming on the market, which if priced properly are getting the attention of Buyers in the market. Sharply priced listings are selling and Buyers are engaging. Some of the highlights are:

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold so far in September are 702 – 2,299 total in September 2011; New Listings out in September are 2,924 (5,799 in September 2011.)

Vancouver Westside Houses: Total Units Sold so far in September are 36 – 104 total in September 2011; New Listings out in September so far are 177 (386 in September 2011.)

Vancouver Westside Condos: Total Units Sold so far in September are 95 – 317 total in September 2011; New Listings out in September so far are 368 (785 in September 2011.)

Vancouver Eastside Houses: Total Units Sold so far in September are 37 – 141 total in September 2011; New Listings out in September so far are 138 (277 in September 2011.)

Vancouver Eastside Condos: Total Units Sold so far in September are 27 – 82 total in September 2011; New Listings out in September so far are 113 (227 in September 2011.)

North Vancouver Houses: Total Units Sold so far in September are 19 – 79 total in September 2011; New Listings out in September so far are 130 (204 in September 2011.)

North Vancouver Condos: Total Units Sold so far in September are 21 – 48 total in September 2011; New Listings out in September so far are 103 (196 in September 2011.)

West Vancouver Houses: Total Units Sold so far in September are 17 – 71 total in September 2011; New Listings out in September so far are 111 (189 in September 2011.)

Richmond Houses: Total Units Sold so far in September are 28 – 109 in September 2011; New Listings out in September so far are 127 (339 in September 2011.)

Richmond Condos: Total Units Sold so far in September are 36 – 104 in September 2011; New Listings out in September so far are 107 (299 in September 2011.)

Here are the various Dexter Realty Listings and Sales Statics input into a graphs to give a picture of where the market is. Scroll through to the variuos pages to find the areas you are looking for. 

Graphs of Sales and Listings Stats

Attached are the listings and sales stats for the end of August. For the 4th straight month, the number of new listings coming on the market fell. August was reported to be one of the drier and hotter Augusts on record, so not surprisingly buyers’ and sellers’ attention was turned elsewhere than real estate. This was particularly evident in North Vancouver and West Vancouver where the market traditionally is quieter in the summer months. Overall markets showed a better absorption rate than in previous months which is a good sign that buyers are engaging. With a significant amount of pent up demand activity should pick up this month. Average prices in all areas were higher in August compared to June and July – not indicative of pricing but showing that buyers were engaging in more than entry level properties. But pricing will continue to be the focus going forward – well priced properties will continue to attract buyers.

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

rebgv sales and listings stats graphs

Some examples of the latest activity:

Greater Vancouver: Total Units Sold in August 2012 were 1,670 – down 22% to July 2012; New Listings in August 2012 were down 15% to July 2012; Month’s Supply of Total Residential Listings is 11 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in August 2012 were 75 – down 10% to July 2012, down 51% to March 2012; New Listings in August 2012 were down 17% to July 2012; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market!).

Vancouver Westside Condos: Total Units Sold in August 2012 were 247 – down 11% to July 2012, down 37% to March 2012; New Listings in August 2012 were down 20% to July 2012; Month’s Supply of Total Active Listings is 8 Month’s (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in August 2012 were 79, down 28% to July 2012, down 49% to March 2012; New Listings in August 2012 were down 19% to June 2012; Month’s Supply of Total Active Listings is 9 Month’s (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in August 2012 were 75 down 28% to July 2012; New Listings in August 2012 were down 8% to July 2012; Month’s Supply of Total Active Listings is 7 Months (Hanging on to a Balanced Market, trending towards Buyer’s Market).

North Vancouver Houses: Total Units Sold in August 2012 were 51, down 15% to July 2012, down 58% to March 2012; New Listings in August 2012 were down 7% to July 2012; Month’s Supply of Total Active Listings is 8 Month’s (Buyer’s Market).

North Vancouver Condos: Total Units Sold in August 2012 were 99, down 13% to July 2012; New Listings in August 2012 were down 29% to July 2012; Month’s Supply of Total Active Listings is 9 Months (Buyer’s Market).

West Vancouver Houses: Total Units Sold in August 2012 were 24, down 48% to July 2012; down 69% to March 2012; New Listings in August 2012 were down 17% to July 2012; Month’s Supply of Total Active Listings is 22 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in August 2012 were 60, the same as July 2012, down 32% to March 2012; New Listings in August 2012 were down 18% to July 2012; Month’s Supply of Total Active Listings is 19 Month’s (Heavy Buyer’s Market!!!).

Richmond Condos: Total Units Sold in August 2012 were 65, down 36% to July 2012; New Listings in August 2012 were down 4% to July 2012; Month’s Supply of Total Active Listings is 15 Months (Buyer’s Market).

Attached are the updated Listings and Sales Stats as of August 25^th. Most areas will see sales at levels similar to July, or slightly below. West Vancouver and North Vancouver are seeing a drop off in sales compared to July 2012 though. Total Active Listings continue to decrease in all areas except West Vancouver with Richmond just slightly decreasing.

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

With 5 to 7 Month’s Supply of Total Active Listings being a Balanced Market and anything above 7 being a Buyer’s Market, most areas will finish August in Buyer’s Market Ranges:

Greater Vancouver: 10 Month’s Supply

Vancouver West Side Detached Houses: 12 Month’s Supply

Vancouver West Side Townhouses: 7 Month’s Supply

Vancouver West Side Condos: 9 Month’s Supply

Vancouver East Side Detached Houses: 7 Month’s Supply

Vancouver East Side Townhouses: 10 Month’s Supply

Vancouver East Side Condos: 7 Month’s Supply

North Vancouver Detached Houses: 7 Month’s Supply

West Vancouver Detached Houses: 22 Month’s Supply (Dramatic drop in sales for August 2012)

Richmond Detached Houses: 18 Month’s Supply

Richmond Condos: 14 Month’s Supply

With interest rates getting a nod upward this week, it could provide some impetus for Buyer’s to jump off the fence, especially once September rolls around. The best priced listings will generate the best activity! And those Buyer’s that have been sitting and watching that particular property may find it off the market or SOLD! Don’t delay on reducing that price and don’t delay on writing that offer!

You can complain because roses have thorns, or you can rejoice because thorns have roses." – Ziggy

The listings and sales statistics for August show a real estate market distracted by sunshine and all that makes Vancouver one of the most desirable places in the world to live. Total units sold to date in August have shown this distraction. But with increased in activity in the last week and for the remainder of the month we should see August finish slightly ahead of July in terms of total sales in most areas. Total active listings are coming down as well for the third straight month. Last year through June, July and August, Total Active Listings increased month by month in most areas. Here are some of the highlights of the attached stats:

Listings and Sales Regional

Listings and Sales Houses, Townhouses and Condos

Greater Vancouver: 955 Sales so far in August 2012 (2,135 in July 2012) and should finish slightly higher than July.

Vancouver West Side Houses: 46 Sales so far in August 2012 (83 in July 2012), on pace to reach 100.

Vancouver West Side Condos: 133 Sales so far in August 2012 (276 in July 2012), on pace to reach July’s levels.

East Side Houses: 55 Sales so far in August 2012 (109 in July 2012) and should finish the month above July’s sales levels.

East Side Condos: 44 Sales so far in August 2012 (104 in July 2012), on pace to be slightly below July’s levels.

North Vancouver Houses: 34 Sales so far in August 2012 (60 in July 2012), should finish above July’s sales levels.

Richmond Houses: 37 Sales so far in August 2012 (60 in July 2012), on pace to finish higher then July which would be the first increase in month over month since April.

Richmond Condos: 34 Sales so far in August 2012 (101 in July 2012), showing signs of a less active August compared to July.

Buyers be active, Sellers need to be priced right to get the attention of those Buyers – and they are there! Have a great week!

Attached are the listings and sales stats for the end of July. For the 3^rd straight month, new listings during the month fell in all areas. Total units sold were also down compared to June. So while we can’t always soar with the eagles, sometimes it is ok to coast in the valleys. Those that price their properties competitively and below the last sale price have a better chance to sell, and those buyers that engage active sellers have a better chance to create lower selling prices and buy a new home!

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses, and Condos

Some examples of the latest activity:

Greater Vancouver: Total Units Sold in July 2012 were 2,135 – down 11% to June 2012; New Listings in July 2012 were down 14% to June 2012; Month’s Supply of Total Residential Listings is 9 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in July 2012 were 83 – down 19% to June 2012, down 45% to March 2012, and down 70% to March 2011; New Listings in July 2012 were down 18% to June 2012; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market!).

Vancouver Westside Condos: Total Units Sold in July 2012 were 276 – down 17% to June 2012, down 30% to March 2012, and down 52% to March 2011; New Listings in July 2012 were down 14% to June 2012; Month’s Supply of Total Active Listings is 8 Month’s (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in July 2012 were 109, 2% higher than June 2012, down 30% to March 2012, and down 52% to March 2011; New Listings in July 2012 were down 15% to June 2012; Month’s Supply of Total Active Listings is 7 Month’s (Balanced trending to Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in July 2012 were 104 down 24% to June 2012; New Listings in July 2012 were down 32% to June 2012; Month’s Supply of Total Active Listings is 5 Months (Balanced Market).

North Vancouver Houses: Total Units Sold in July 2012 were 60, down 18% to June 2012, down 50% to March 2012, and down 55% to March 2011; New Listings in July 2012 were down 27% to June 2012; Month’s Supply of Total Active Listings is 7 Month’s (Balanced trending to Buyer’s Market).

North Vancouver Condos: Total Units Sold in July 2012 were 55, down 20% to June 2012; New Listings in July 2012 were down 14% to June 2012; Month’s Supply of Total Active Listings is 9 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in July 2012 were 60, down 21% to June 2012, down 42% to March 2012, and down 73% to March 2011; New Listings in July 2012 were down 8% to June 2012; Month’s Supply of Total Active Listings is 20 Month’s (Heavy Buyer’s Market!!!).

Richmond Condos: Total Units Sold in July 2012 were 101, down 11% to June 2012; New Listings in July 2012 were down 22% to June 2012; Month’s Supply of Total Active Listings is 10 Months (Buyer’s Market).

Updated sales and listings stats as of July 22^nd. Listings are slightly lower than in June but many properties are not listed “in” the market, just “on” the market. Pricing, pricing, pricing is the key! And with interest rates as low as they are, coupled with the amount of listings available there are opportunities out there for buyers!

Listings and Sales Stats Regional

Listings and Sales Houses, Townhouses, Condos

Here are the listings and sales stats after the first week of July. The peak of total active listings may have come and gone with most areas seeing total active listings at levels below where they were in May. The market continues to be in a Balanced to Buyer’s Market state – with pricing extremely important when listing. The opportunities for buying and trading properties are there, how long they last remains to be seen. Market indicators will show the best time to buy months after it has already happened. Markets ebb and flow, they have in the past and will continue to do so in the future.

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

While the number of sales for all areas in June were down from May, the number of listings appears to be peaking – and should start to come down as we move through the summer. OPPORTUNITY! For buyers, now is a great time to find that property and take advantage of less competition. To know when the absolute best time to buy is, that will be evident 3 or 4 months after the fact; and the best opportunities will be behind us. For sellers, engage those buyers that are there and be a leader in being competitively priced! Most of all, remember that if you’re trading in the same market then don’t focus on where the market is going... And if the move makes your life better, how do you put a price on that!

Listings and Sales Regional

Listings and Sales Houses, Townhouses and Condos

Here are some highlights:

Greater Vancouver: 2,398 Sales in June 2012, down 17.3% from May 2012, currently there is an 8 Month’s Supply of listings – a Buyer’s Market.

Vancouver West Side: 479 Sales in June 2012, down 16.6% from May 2012, currently there is an 8 Month’s Supply of listings – a Buyer’s Market.

Vancouver West Side Houses: 102 Sales in June 2012, down 14.4% from May 2012 (down 52.2% from June 2011), currently there is an 11 Month’s Supply of listings – a strong Buyer’s Market.

Vancouver West Side Condos: 331 Sales in June 2012, down 17.7% from May 2012, currently there is a 7 Month’s Supply of listings – a Buyer’s Market.

East Side: 281 Sales in June 2012, down 10.3% from May 2012, currently there is a 5 Month’s Supply of listings – a Balanced Market.

East Side Houses: 107 Sales in June 2012, down 29.7% from May 2012 (down 40.5% from June 2011), currently there is a 6 Month’s Supply of listings – a Balanced Market.

East Side Condos: 136 Sales in June 2012, up 23.6% from May 2012 (a sign of the first time and entry level market strength and reaction to mortgage rule changes), currently there is a 4 Month’s Supply of listings – in between a Seller’s Market and Balanced Market.

North Vancouver: 163 Sales in June 2012, down 36.4% from May 2012 (down 46.8% from June 2011), currently there is a 7 Month’s Supply of listings – moving into a Buyer’s Market.

North Vancouver Houses: 73 Sales in June 2012, down 40% from May 2012 (down 52.3% from June 2011), currently there is a 6 Month’s Supply of listings – a Balanced Market.

“If you spend your whole life waiting for the storm, you'll never enjoy the sunshine.” – Morris West

Attached are the latest stats for June – one week to go in the month and we are seeing balanced market conditions continue with some areas showing a significant Buyer’s Market. As buyer demand slows going into the summer, opportunities exist for those looking to buy and those selling need to engage buyers that show interest. Pricing will drive sales.

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

Here some numbers:

Greater Vancouver should finish June with 2,500 sales compared to 2,897 in May with 8 Month’s Supply of Listings – A Buyer’s Market.

Vancouver West Side should finish June with 490 sales compared to 574 in May with 8 Month’s Supply of Listings – A Buyer’s Market.

Vancouver West Side Houses should finish June with 110 sales compared to 122 in May with 9 Month’s Supply of Listings – A Buyer’s Market.

Vancouver West Side Condos should finish June with 340 sales compared to 402 in May with 7 Month’s Supply of Listings – A Balanced Market.

Vancouver East Side should finish June with 300 sales compared to 313 in May with 5 Month’s Supply of Listings – A Balanced Market.

Vancouver East Side Houses should finish June with 120 sales compared to 152 in May with 5 Month’s Supply of Listings – A Balanced Market.

Vancouver East Side Condos should finish June with 130 sales compared with 110 in May with 5 Month’s Supply of Listings – A Balanced Market.

North Vancouver should finish June with 175 sales compared with 256 in May with 7 Month’s Supply of Listings – A Balanced Market trending towards Buyer’s Market.

North Vancouver Houses should finish with 90 sales compared with 123 in May with 5 to 6 Month’s Supply of Listings – Clinging to a Balanced Market.

Don’t wait for the market to make your move, make the market and move!

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses and Condos

The links above are the listings and sales stats updated as of June 16^th. Flat is the new up in Vancouver! It’s been said before and will be the mantra going forward. For the most part, sales levels are at a similar pace to May, with fewer new listings coming on the market this month compared to June. Most areas are continuing along in a balanced market with the exception of Vancouver West Side Detached and Richmond seeing Buyer’s Market conditions still.

There is activity in the market, so there are opportunities for both buyers and sellers. Pricing is key!

Listings and Sales Stats Regional

Listings and Sales Stats for Houses, Townhouses and Condos

Please note that due to a change in the benchmark price calculation, May’s Benchmark Price will not be available until next week. While the Real Estate Board did provide a Benchmark Price for May, previous month’s prices need to be changed to match the new calculation.

Most areas saw a continued increase in listings for May. Units sold in May were similar to the amounts sold in April – although down from 2011 May sales. Here are a few highlights:

Greater Vancouver: Units Sold in May 2012 up 2.1% from April 2012 and down 15.6% from May 2011. Total Active Listings are up 20.2% from May 2011, currently there is a 7 Month’s Supply of Listings – Balanced Market.

Vancouver West Side Residential: Units Sold in May 2012 up 4.4% from April 2012 and down 22.7% from May 2011. Total Active Listings are up 38.9% from May 2011, currently there is a 6 Month’s Supply of Listings – Balanced Market.

Vancouver West Side Houses: Units Sold in May 2012 down 6.2% from April 2012 and down 46.5% from May 2011. Total Active Listings are up 78.1% from May 2011, currently there is a 9 Month’s Supply of Listings – Buyer’s Market.

Vancouver West Side Condos: Units Sold in May 2012 up 11.6% from April 2012 and down 8.9% from May 2011. Total Active Listings are up 28.1% from May 2011, currently there is a 6 Month’s Supply of listings – Balanced Market.

Vancouver East Side Houses: Units Sold in May 2012 up 12.6% from April 2012 and down 28% from May 2011. Total Active Listings are up 22% from May 2011, currently there is a 4 Month’s Supply of listings – Seller’s Market.

Vancouver East Side Condos: Units Sold in May 2012 down 27.7% from April 2012 and up 10% from May 2011. Total Active Listings are up 36.5% from May 2011, currently there is a 6 Month’s Supply of listings – Balanced Market.

North Vancouver Houses: Units Sold in May up 4.2% from April 2012 and down 17.5% from May 2011. Total Active Listings are up 25.2% from May 2011, currently there is a 3 Month’s Supply of listings – Seller’s Market.

Richmond Houses: Units Sold in May down 11.5% from April 2012 and down 25.2% from May 2011. Total Active Listings are up 22.4% from May 2011, currently there is an 11 Month’s Supply of listings – Buyer’s Market!

Richmond Condos: Units Sold in May down 23.2% from April 2012 and down 31.2% from May 2011. Total Active Listings are up 30.2% from May 2011, currently there is an 11 Month’s Supply of listings – Buyer’s Market!

If opportunity doesn't knock, build a door.  ~Milton Berle

Listings and Sales Stats Regional

Listings and Sales Stats Houses, Townhouses, Condos

There are opportunities in today’s real estate market, they just need to be found! While we are seeing the numbers of active listings increase, there are opportunities for those that want to sell and those that want to buy. Some numbers for May as we enter the last week of the month.

Greater Vancouver: Sales for the month are at 2,383 – on pace to match, possibly exceed April’s sales of 2,837 but total active listings are currently 19.6% higher then this time last year. May should finish with 7 Month’s Supply of listings (Balanced bordering on Buyer’s Market)

Vancouver West Side: Sales for the month are at 495 – similarly on pace to meet April sales of 550 but total active listings are currently 37% higher than this  time last year. May should finish with 7 Month’s Supply of listings.

Vancouver West Side Houses: Sales for the month are at 109 – and may be close to April sales of 130. Total active listings are currently 74% higher than this time last year and as a result May will finish with 8 to 9 Month’s Supply – a Buyer’s Market!

Vancouver West Side Condos: Sales for the month are at 342 and should beat April sales of 360 – good activity in the first time buyer’s segment. Total active listings are currently 26% higher than this time last year. May should finish with 6 Month’s Supply – Balanced Market.

Vancouver East Side: Sales for the month are at 255 – will be down from 341 sales in April. Total active listings are currently 25% higher than this time last year. May should finish with 5 Month’s Supply trending towards a Balanced Market.

Vancouver East Side Houses: Sales for the month are at 126 – and should beat April sales of 135. Total active listings are currently only 13% higher than this time last year. May should continue at 4 Month’s Supply of listings keeping in it a Seller’s Market.

Richmond: continues to be a softer market. With sales for the month currently at 221, it will fall short of 307 for April. Total Active listings are currently 34% higher than this time last year. May should finish with 10 to 11 Month’s Supply of listings – heavily into a Buyer’s Market. Great opportunities for those looking to buy and pricing is key for listing

Sales and Listings Regional

Sales and Listings Houses, Townhouses and Condos

Total Active Listings continue to increase with sales levels consistent with April – here are the highlights:

Greater Vancouver has 18,422 active listings as of May 21^st, 2012. Sales are steady at 1,822. We should see the month finish with 6 Month’s Supply of listings (Balanced Market).

Vancouver West Residential has 3,521 active listings as of May 21^st. Sales for the month so far in May are at 407 and we should see the month finish 7 month’s supply of listings (Balanced trending towards Buyer’s Market).

Vancouver West Side Houses has 1,032 active listings as of May 21^st. Sales for the month so far in May are at 87 and we should see the month finish with 8 month’s supply of listings (Buyer’s Market). In 2008, we saw a high for total listings in Greater Vancouver at 21,000 on September 30th, with 1,053 active listings for West Side Houses. So yes, there are a lot of houses for sale in Vancouver’s West Side currently.

Vancouver West Side Condos has 2,188 active listings as of May 21^st. Sales for the month so far in May are at 285 and we should see the month finish with 6 month’s supply of listings (Balanced Market).

Vancouver East Side Residential has 1,327 active listings as of May 21^st. Sales for the month so far in May are at 207 and we should see the month finish with 4 month’s supply of listings (Seller’s Market).

Vancouver East Side Houses has 576 active listings as of May 21^st. Sales for the month so far in May are at 100 and we should see the month finish with 4 month’s supply of listings (Seller’s Market).

 Pricing and movement is very dependent on location and property type!

Listings and Sales Stats Regional.pdf

Listings and Sales Stats Houses, Townhouses, Condos.pdf

Theme for this week – “the listings they are a growing”.

Total Active Listings as of May 12 for Greater Vancouver are at 18,195 up 15.6% from 15,736 at the end of May 2011. Sales as of May 12 were at 1,237 units suggesting May will be consistent with April for total number of sales. But with the number of listings coming on so far in May at 3,219 (6,200 new listings in April), we’ll see more new listings in May compared to April. Pricing will be extremely important going forward.

A few other stats to note:

Vancouver West Side: Total Active Listings as of May 12^th are at 3,521 – up 31.6% from 2,675 at the end of May 2011. Sales are consistent with April but again we are seeing more new listings coming on the market.

Vancouver West Side Houses: Total Active Listings as of May 12^th are at 1,003 – up 70% from 590 at the end of May 2011. There have been 55 sales so far in May, compared with 228 in May 2011. Pricing will adjust with increasing supply and falling demand.

Vancouver East Side: Total Active Listings as of May 12^th are at 1,306 – up 18.9% from 1,094 at the end of May 2011. Sales are consistent with April as well with less of an increase in new listings coming on the market compared to Greater Vancouver and the West Side of Vancouver.

Vancouver East Side Houses: Total Active Listings as of May 12^th are at 552, up 11% from 497 at the end of May 2011. The number of new listings coming on are slowing, total unit sales look to be better than April.

Attached are the updated Sales and Listings Stats for the month ending April. A few numbers of note:

Sales and Listing Stats Regional

Sales and Listing Stats Houses, Townhouses and Condos

 

Greater Vancouver – 2,837 Sales, down 2.2% from March 2012. At month’s end there were 17,559 active listings, a 6 Month’s Supply of properties (Balanced Market).

 Vancouver West Side – 550 Sales, down 10.5% from March 2012. At month’s end there were 3,386 active listings, a 6 Month’s Supply of properties (Balanced Market).

Vancouver West Side Houses – 130 Sales, down 14.5% from March 2012. At month’s end there were 949 active listings, a 7 Month’s Supply of properties (going towards a Buyer’s Market)

Vancouver West Side Condos – 360 Sales, down 8.7% from March 2012. At month’s end there were 2,090 active listings, a 6 Month’s Supply of properties (Balanced Market).

 Vancouver East Side – 341 Sales, up 1.5% from March 2012. At month’s end there were 1,302 active listings, a 4 Month’s Supply of properties (trending towards Seller’s Market).

Vancouver East Side Houses – 135 Sales, down 12.9% from March 2012. At month’s end there were 549 active listings, a 4 Month’s Supply of properties (up from 3 months in March) still in a Sellers’ Market.

Vancouver East Side Condos – 152 Sales, up 10.1% from March 2012. At month’s end there were 565 active listings, a 4 Month’s Supply of properties (Seller’s Market).

 West Vancouver Houses – 83 Sales, up 6.4% from March 2012. At month’s end there were 475 active listings, a 6 Month’s Supply of properties (Balanced Market) – with some exceptions of quicker sales happening.

 North Vancouver Houses – 118 Sales, down 2.5% from March 2012. At month’s end there were 33 active listings, a 3 Month’s Supply of properties (Seller’s Market with very low inventory levels).

 Richmond – 307 Sales, flat to March 2012. At month’s end there were 2,552 active listings, an 8 Month’s Supply of properties (Buyer’s Market continues).

 In most markets, the amount of homes available for sale are growing creating a balancing to Buyer’s Market in some cases. Richmond is still firmly entrenched in a Buyer’s Market. Pricing remains steady and with sales levels below typical amounts for April, pricing needs to be sharp for sellers. Buyers are active and there are opportunities for them to act on.

Attached are the final sales and listings stats for March. A few highlights are:

Greater Vancouver Sales were up 13.5% over February 2012 and while March 2012 sales were down 29.5% from March 2011, they were only slightly down from the average of approximately 3050 for March over the last 20 years. Certainly with 2 weeks of spring breaks staggered through the month depending on the school/city played a part in distracting buyers.

The total number of listings in Greater Vancouver at month end were 16,226 which is up 15% compared to the same time in 2011. But the total new listings that came out in March were down 14.3% compared to March 2011 and down 16.5% to March 2010. The Month’s Supply for Greater Vancouver is at 6 months – a balanced market.

Vancouver West Side: Sales up 12.2% from February 2012 and down 35.4% from March 2011. Total listings are up 22.1% compared to March 2011 but new listings that came out in March were down 24% compared to March 2011 and down 29.1% compared to March 2010. The Month’s Supply is at 5 months – again a balanced market.

Vancouver West Side Detached: Sales down 14.2% from February 2012 and down 46.4% from March 2011. Total listings are up 62.7% from March 2011 with a 6 Month’s Supply currently available. Pricing is key as competition among sellers is strong!

Vancouver West Side Condos: Sales down 22% from February 2012 and down 32.2% from March 2011. Total listings are up 11.4% from March 2011 and down 4.4% from March 2010 with a 5 Month’s Supply currently available.

Vancouver East Side: Sales up 25.3% from February 2012 and down 25.4% from March 2011. Total listings are up 23.1% from March 2011 with a 4 Month’s Supply currently available.

Vancouver East Side Detached: Sales up 24% from February 2012 and down 31.8% from March 2011. Total listings are up 8.4% from March 2011 and down 11% from March 2010 with a 3 Month’s Supply currently available – tight supply allowing for multiple offers and competition amongst buyers.

Most areas are seeing balanced market conditions with North Vancouver and East Vancouver seeing a tighter supply, especially in the detached market. Richmond saw improvements in activity month’s supply dropping in the townhouse and condo market with activity from first time buyers. Houses continue to be in over supply though and as such pricing is extremely important.