“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!