Stats

Sales and Listings Report for September 17 2017


“The future cannot be predicted, but futures can be invented”

Sales and listings stats are attached as of September 17, 2017. Just like kids starting school, we typically see a gradual entry into the fall market when September rolls around. With activity picking up over the last week, we are starting to see the level of sales and new listings increasing. Sales in Greater Vancouver are up 21 per cent compared to the same time in September of last year, while new listings are up 11 per cent. Of course last September was the hangover of the Foreign Buyer Tax introduction and a lot of buyers and sellers were shaking out the cobwebs of what was a significant shake up in the market – more indirectly than directly. Of course this year saw disruption as well with an election and eventual change in government, talk of changes in housing policies and interest rate increases for the first time in a number of years.

But before we draw any conclusions about a fall market, we’ll let it play out through the month to see where September finishes. But so far, any increase in new listings is being bought up by the increase in sales – with the focus still predominantly in the apartment and townhouse market.

Here is a summary of the activity so far:

Greater Vancouver –1,361 Units Sold so far in September 2017 compared to 1,126 Units Sold at this time in September 2016. Total New Listings so far in September are 2,988 compared to 2,693 at this time in September 2016. Total Active Listings are at 9,968 (9,716 at the same time in September 2016), Sales To Listings Ratio is at 46% compared to 42% at this time in September 2016.

Vancouver West – 271 Units Sold so far in September 2017 compared to 219 Units Sold at this time in September 2016. Total New Listings so far in September are 607 compared to 517 at this time in September 2016. Total Active Listings are at 1,724 (1,593 at the same time in September 2016), Sales To Listings Ratio is at 45% compared to 42% at this time in September 2016.

Vancouver East – 110 Units Sold so far in September 2017 compared to 80 Units Sold at this time in September 2016. Total New Listings so far in September are 311 compared to 299 at this time in September 2016. Total Active Listings are at 1,123 (959 at the same time in September 2016), Sales To Listings Ratio is at 35% compared to 27% at this time in September 2016.

North Vancouver – 91 Units Sold so far in September 2017 compared to 89 Units Sold at this time in September 2016. Total New Listings so far in September are 256 compared to 274 at this time in September 2016. Total Active Listings are at 563 (533 at the same time in September 2016), Sales To Listings Ratio is at 36% compared to 32% at this time in September 2016.

West Vancouver – 19 Units Sold so far in September 2017 compared to 14 Units Sold at this time in September 2016. Total New Listings so far in September are 162 compared to 115 at this time in September 2016. Total Active Listings are at 621 (493 at the same time in September 2016), Sales To Listings Ratio is at 12% compared to 12% at this time in September 2016.

Richmond – 195 Units Sold so far in September 2017 compared to 129 Units Sold at this time in September 2016. Total New Listings so far in September are 381 compared to 299 at this time in September 2016. Total Active Listings are at 1,442 (1,412 at the same time in September 2016), Sales To Listings Ratio is at 51% compared to 43% at this time in September 2016.