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October 2013 Real Estate Statistics
Blog by tomjoneshomes.ca | November 6th, 2013
Sales and
Listings Stats for End of October 2013
"Minds are like parachutes. They only function when they are open." -
James Dewar
Attached are the Sales and Listings Stats updated to the end of October 2013.
Once again, activity in the market for this October was an improvement over
October 2012 - with a 37% increase in units sold in Greater Vancouver. As well,
units sold in October 2013 were up 7% compared to September 2013. In fact it was
the strongest October for sales since 2009. Total Active Listings are down 11%
compared to this time last year – demand is much stronger and product on the
market is continuing to decrease both month over month and year over year.
Changes in pricing and overall market conditions vary depending specific areas
and product. Realistically the market is balancing and not overheating as some
reports may suggest with these the increases in sales we are seeing. Pricing is
still extremely important, generally new listings with better pricing are
attracting more attention than those that have been on the market for some
time.
sales and listings stats regional oct 2013
sales and listings stats houses townhouses condos oct 2013
Here’s a summary of the numbers:
Greater Vancouver: Total Units Sold in October 2013 was
2,698 – up from 2,524 (7%) in September 2013, up from 1,970 (37%) in October
2012; New Listings in October 2013 were down 13% from September 2013; Month’s
Supply of Total Residential Listings down to 6 Months (Balanced Market).
Vancouver Westside Residential: Total Units Sold in October
2013 was 579 – up from 556 (4%) in September 2013, up from 420 (38%) in October
2012; New Listings in October 2013 were down 22% from September 2013; Month’s
Supply of Total Residential Listings even at 5 Months (Balanced Market).
Vancouver Eastside Residential: Total Units Sold in October
2013 was 288 – up from 281 (2%) in September 2013, up from 185 (56%) in October
2012; New Listings in October 2013 were down 20% from September 2013; Month’s
Supply of Total Residential Listings down to 4 Months (Balanced Market to
Seller’s Market).
North Vancouver Residential: Total Units Sold in October
2013 was 221 – up from 163 (36%) in September 2013, up from 160 (38%) in October
2012; New Listings in October 2013 were down 15% from September 2013; Month’s
Supply of Total Residential Listings down to 4 Months (Balanced Market to
Seller’s Market).
West Vancouver Residential: Total Units Sold in October 2013
was 110 – up from 94 (17%) in September 2013, up from 65 (69%) in October 2012;
New Listings in October 2013 were down 22% from September 2013; Month’s Supply
of Total Residential Listings down to 7 Months (Balanced Market).
Richmond Residential: Total Units Sold in October 2013 was
327 – up from 321 (2%) in September 2013, up from 227 (44%) in October 2012; New
Listings in October 2013 were down 16% from September 2013; Month’s Supply of
Total Residential Listings even at 7 Months (Balanced Market).