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.