Stats

Sales and Listings Stats Update for July 23 2017


“If you don’t like something, change it. If you can’t change it, change your attitude. Don’t complain.” – Maya Angelou.

 

Sales and listings stats are attached as of July 23, 2017. As we saw last year, sales in June and July have shown successive declines as buyer fatigue and the summer weather take priority. While much speculation, comparison and discussion will surround the real estate market statistics, last year was last year and this year is this year. So far in the last two months, we’ve had a provincial election that turned out a result which was eventually challenged and resulted in a change in government. Then the Bank of Canada raised its overnight lending rate for the first time in seven years and the apartment/townhouse market continues to be the driving force of sales. For Greater Vancouver, there have been 149 sales per day so far, while in June 2017 up to the 18th there were 170 sales per day and in July 2016 at mid-month there were 160 sales per day. Active listing totals are up in all areas, with New Listings so far in July at 283 per day while in June 2017 up to the 18ththere were 264 per day and in July 2016 up to the 18th there were 267 new listings per day. So the long sought after inventory of properties for sale is starting to inch up.

Here is a summary of the activity so far:

Greater Vancouver – 2,094 units sold so far in July 2017 compared to 2,211 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 3,964 compared to 3,431 units listed as of June 18, 2017. Total Active Listings are at 9,805 (8,942 at the same time last year). Sales To Listings Ratio is at 53% compared to 67% in June 2017.

Vancouver West – 364 units sold so far in July 2017 compared to 367 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 739 compared to 630 units listed as of June 18, 2017. Total Active Listings are at 1,695 (1,486 at the same time last year). Sales To Listings Ratio is at 49% compared to 59% in June 2017.

Vancouver East – 210 units sold so far in July 2017 compared to 258 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 401 compared to 388 units listed as of June 18, 2017. Total Active Listings are at 1,157 (816 at the same time last year). Sales To Listings Ratio is at 52% compared to 71% in June 2017.

North Vancouver – 153 units sold so far in July 2017 compared to 165 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 260 compared to 248 units listed as of June 18, 2017. Total Active Listings are at 532 (396 at the same time last year). Sales To Listings Ratio is at 59% compared to 70% in June 2017.

West Vancouver – 40 units sold so far in July 2017 compared to 46 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 131 compared to 141 units listed as of June 18, 2017. Total Active Listings are at 580 (501 at the same time last year). Sales To Listings Ratio is at 31% compared to 40% in June 2017.

Richmond – 306 units sold so far in July 2017 compared to 287 units sold as of June 18, 2017. Total New Listings so far in June 2017 are 599 compared to 507 units listed as of June 18, 2017. Total Active Listings are at 1,382 (1,382 at the same time last year). Sales To Listings Ratio is at 51% compared to 58% in June 2017.