"Attitude is a little thing that makes a big difference." - Winston Churchill
Attached are the Sales and Listings Stats updated to the end of March 2013. March saw the real estate market blooming, becoming stronger and more balanced. In most market areas, the number of properties sold was higher than they have been since last spring and summer. The number of new listings coming on market continues to be at below average levels. For Greater Vancouver, new listings in March 2013 were down 16% to March 2012 and down 38% to March 2011. With fewer properties to choose from, Buyer engagement is improving. While still conscious of price, there is a realization that new listings priced at today’s prices are moving quicker than we have seen. Here’s a summary of the numbers:
Sales and Listings Stats Regional
Sales and Listings Stats Houses, Townhouses and Condos
Greater Vancouver: Total Units Sold in March 2013 was 2,373 – up from 1,822 in February 2013 down from 2,919 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).
Vancouver Westside Houses: Total Units Sold in March 2013 was 151 – up from 104 in February 2013 close to 152 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 9 (Balanced Market).
Vancouver Westside Condos: Total Units Sold in March 2013 was 324 – up from 253 in February 2013 down from 394 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).
Vancouver Eastside Houses: Total Units Sold in March 2013 was 94 – up from 77 in February 2013 down from 155 in March 2012; New Listings in March 2013 were down 23% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).
Vancouver Eastside Condos: Total Units Sold in March 2013 was 99 – up from 67 in February 2013 down from 138 in March 2012; New Listings in March 2013 were down 30% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).
North Vancouver Houses: Total Units Sold in March 2013 was 113 – up from 76 in February 2013 down from 121 in March 2012; New Listings in March 2013 were down 5% to March 2012; Month’s Supply of Total Residential Listings is down to 4 Months from 5 (Becoming Buyer’s Market).
North Vancouver Condos: Total Units Sold in March 2013 was 62 – up from 52 in February 2013 down from 91 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is flat at 7 (Balanced Market).
West Vancouver Houses: Total Units Sold in March 2013 was 58 – up from 31 in February 2013 down from 78 in March 2012; New Listings in March 2013 were down 11% to March 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 16 (Balanced Market).
Richmond Houses : Total Units Sold in March 2013 was 89 – flat to 89 in February 2013 down from 104 in March 2012; New Listings in March 2013 were down 31% to March 2012; Month’s Supply of Total Residential Listings is flat at 10 (Balanced Market).
Richmond Condos: Total Units Sold in March 2013 was 117 – up from 80 in February 2013 flat to 118 in March 2012; New Listings in March 2013 were down 20% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 10 (Balanced Market).