SALES AND LISTINGS STATISTICS FOR THE END OF AUGUST 2014
"You’re only given a little spark of madness. You mustn’t lose it” and “No matter what people tell you, words and ideas can change the world” – Robin Williams
Attached are the Sales and Listings Stats updated to the end of August 2014. While total sales declined from July 2014, overall it was a strong month for sales. With 2,820 units sold for Greater Vancouver in August, it was 4.3% above the 10-year average for the region. Considering the glorious weather and typical holiday distractions, that’s a good sign for our real estate market. Sales in August 2014 were 10% higher than August 2013 and 69% higher than August 2012. Total New Listings in August were 21% less than July 2014 and 6% lower than August 2013. Total Active Listings are at 15,967 compared to 17,205 at the same time last year. With less inventory on market and greater demand, sales to listings ratios were higher in August than in previous months – with a greater number of new listings being taken by buyers. The trend should continue as we move into September with Buyers looking for product and they will look for a greater number of listings coming on in September.
August 2014 All Regional Sales and Listings Statistics
August 2014 Houses, Townhouse, and Condos Sales and Listings Statistics
Here’s a summary of the numbers:
Greater Vancouver: Total Units Sold in August 2014 was 2,820 – down from 3,111 (9%) in July 2014, up from 2,557 (10%) in August 2013; Active Listings are at 15,967 compared to 17,205 at this time last year; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 70% compared to 61% in July 2014 and 59% in August 2013.
Vancouver Westside Residential: Total Units Sold in August 2014 was 554 – down from 597 (7%) in July 2014, up from 518 (7%) in August 2013; Active Listings are at 2,808 compared to 2,862 at this time last year; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 66% compared to 59% in July 2014 and 60% in August 2013.
Vancouver Eastside Residential: Total Units Sold in August 2014 was 296 – down from 360 18%) in July 2014, up from 280 (6%) in August 2013; Active Listings are at 1,109 compared to 1,279 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 70% compared to 71% in July 2014 and 70% in August 2013.
North Vancouver Residential: Total Units Sold in August 2014 was 197 – down from 225 (12%) in July 2014, up from 178 (11%) in August 2013; Active Listings are at 866 compared to 943 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Balanced Market with areas of a Seller’s Market) and a Sales to Listings Ratio of 78% compared to 64% in July 2014 and 67% in August 2013.
West Vancouver Houses: Total Units Sold in August 2014 was 91 – down from 94 (3%) in July 2014, down from 97 (6%) in August 2013; Active Listings are at 696 compared to 757 at this time last year; Month’s Supply of Total Residential Listings is steady at 8 Months (Balanced Market) and a Sales to Listings Ratio of 64% compared to 46% in July 2014 and 60% in August 2013.
Richmond Residential: Total Units Sold in August 2014 was 365 – down from 409 (11%) in July 2014, up from 339 (8%) in August 2013; Active Listings are at 2,370 compared to 2,251 at this time last year; Month’s Supply of Total Residential Listings is steady at 6 Months (Balanced Market) and a Sales to Listings Ratio of 59% compared to 54% in July 2014 and 59% in August 2013.