Stats

Sales and Listings Report for May 14 2017


“Most of the shadows of life are caused by standing in our own sunshine.” – Ralph Waldo Emerson

Sales and listings stats are attached as of May 14, 2017. May sales are at a higher pace than that of April at mid-month. With one surprise, we are seeing the detached market improve in terms of the number of homes sold. Detached sales in the West and East side of Vancouver are up significantly compared to April and should finish at levels not seen since last spring. New listings in the market are up over the amounts in April and previous months, but not up enough to provide the supply that demand is seeking in today’s market. The B.C. Real Estate Association came out with data showing that housing supply in the province is at a 20-year low, and the association says that lack of supply is making the ongoing affordability problem worse. Here is a summary of the activity so far:

Greater Vancouver – 1,978 units sold so far in May 2017 compared to 1,674 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 2,808 compared to 2,308 units listed at the same time in April 2017. Total Active Listings are at 8,608 (8,393 at the same time last year). Sales To Listings Ratio is at 70% compared to 72% in April 2017.

Vancouver West – 356 units sold so far in May 2017 compared to 263 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 490 compared to 407 units listed at the same time in April 2017. Total Active Listings are at 1,371 (1,405 at the same time last year). Sales To Listings Ratio is at 73% compared to 71% in April 2017.

Vancouver East – 211 units sold so far in May 2017 compared to 162 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 281 compared to 268 units listed at the same time in April 2017. Total Active Listings are at 1,101 (678 at the same time last year). Sales To Listings Ratio is at 75% compared to 60% in April 2017.

North Vancouver – 147 units sold so far in May 2017 compared to 120 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 244 compared to 150 units listed at the same time in April 2017. Total Active Listings are at 484 (379 at the same time last year). Sales To Listings Ratio is at 60% compared to 71% in April 2017.

West Vancouver – 47 units sold so far in May 2017 compared to 42 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 113 compared to 99 units listed at the same time in April 2017. Total Active Listings are at 529 (454 at the same time last year). Sales To Listings Ratio is at 42% compared to 45% in April 2017.

Richmond – 251 units sold so far in May 2017 compared to 228 units sold at the same time in April 2017. Total New Listings so far in May 2017 are 347 compared to 290 units listed at the same time in April 2017. Total Active Listings are at 1,100 (1,279 at the same time last year). Sales To Listings Ratio is at 72% compared to 78% in April 2017.