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.