February 2013 Stats

“If we wait for the moment when everything, absolutely everything is ready, we shall never begin." - Ivan Turgenev

Attached are the Sales and Listings Stats updated to the end of February 2013. This year is continuing at a tepid pace, providing plenty of room to grow! While sales are lagging behind last year, so is the number of new listings coming on market. We saw through February the Sales to New Listings Ratio (absorption rate) improving, brining some markets into a balance state. While good opportunities for buyers still exist, they are dwindling. With new listings coming on at better price points and confidence in the market growing, sales will accelerate.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses and Condos

Greater Vancouver: Total Units Sold in February 2013 was 1,822 – up from 1,374 in January 2013 down from 2,572 in February 2012; New Listings in February 2013 were down 12% to February 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 10 (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in February 2013 was 104 – up from 83 in January 2013 down from 177 in February 2012; New Listings in February 2013 were flat to February 2012; Month’s Supply of Total Residential Listings is flat at 9 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in February 2013 was 253 – up from 200 in January 2013 down from 323 in February 2012; New Listings in February 2013 were down 20% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

Vancouver Eastside Houses: Total Units Sold in February 2013 was 77 – up from 56 in January 2013 down from 125 in February 2012; New Listings in February 2013 were down 12% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in February 2013 was 67 – up from 57 in January 2013 down from 102 in February 2012; New Listings in February 2013 were down 33% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 8 (Balanced Market).

North Vancouver Houses: Total Units Sold in February 2013 was 76 – up from 52 in January 2013 down from 103 in February 2012; New Listings in February 2013 were down 4% to February 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 6 (Balanced Market).

North Vancouver Condos: Total Units Sold in February 2013 was 52 – up from 38 in January 2013 down from 82 in February 2012; New Listings in February 2013 were down 18% to February 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).

West Vancouver Houses: Total Units Sold in February 2013 was 31 – down from 38 in January 2013 down from 68 in February 2012; New Listings in February 2013 were up 39% to February 2012; Month’s Supply of Total Residential Listings is up to 16 Months from 11 (Buyer’s Market).

Richmond Houses : Total Units Sold in February 2013 was 89 – up from 63 in January 2013 down from 119 in February 2012; New Listings in February 2013 were down 17% to February 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 13 (Buyer’s Market).

Richmond Condos: Total Units Sold in February 2013 was 80 – up from 59 in January 2013 down from 125 in February 2012; New Listings in February 2013 were down 20% to February 2012; Month’s Supply of Total Residential Listings is down to 10 Months from 12 (Buyer’s Market).