June 2013 Stats

Stop worrying about the potholes in the road and enjoy the journey." - Babs Hoffman

Attached are the Sales and Listings Stats updated to the end of June 2013. As is typical in June, units sold tend to be lower than May as buyers and sellers gear up for summer and the end of school. But we did see an 11.2% increase in units sold for June 2013 over June 2012 in Greater Vancouver. This is the largest year over year increase in 2 years. In Greater Vancouver new listings in June were down 13.8% compared to May 2013 and down 12.4% compared to June 2012. Total Active Listings on market are down 6.2% compared at the end of June compared to end of June 2012. With an increase in fixed mortgage rates there will be an increase in buyer demand over the next few months which should help move through inventory in the market. Balanced conditions continue to be present in the market with a focus continuing to be on pricing. Competitively priced properties are getting buyer attention and selling quicker.

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in June 2013 was 2,668 – up from 2,398 in June 2012, down from 2,937 in May 2013; New Listings in June 2013 were down 13.8% to May 2013; Month’s Supply of Total Residential Listings is up to 7 Months from 6 (Balanced Market).

Vancouver Westside Residential: Total Units Sold in June 2013 was 595 – up from  479 in June 2012, down from 654 in May 2013; New Listings in June 2013 were down 15% to May 2013; Month’s Supply of Total Residential Listings is steady at 5 Months  (Balanced Market).

Vancouver Eastside Residential: Total Units Sold in June 2013 was 279 – down from 281 in June 2012, down from 335 in May 2013; New Listings in June 2013 were down 10.8% to May 2013; Month’s Supply of Total Residential Listings is up to 5 Months from 4 (Balanced Market ).

North Vancouver Residential:  Total Units Sold in June 2013 was 207 – up from 163 in June 2012, down from 217 in May 2013; New Listings in June 2013 were down 9.4% to May 2013; Month’s Supply of Total Residential Listings is up to 6 Months from 5 (Balanced Market ).

West Vancouver Houses: Total Units Sold in June 2013 was 94 – up from 69 in June 2012, down from 100 in May 2013; New Listings in June 2013 were down 13.4% to May 2013; Month’s Supply of Total Residential Listings is up to 9 Months from 8 (Buyer’s Market ).

Richmond Residential : Total Units Sold in June 2013 was 308 – up from 248 in June 2012, down from 377 in May 2013; New Listings in June 2013 were down 14% to May 2013; Month’s Supply of Total Residential Listings is up to 8 Months from 6 (Balanced to Buyer’s Market ).