August 2013 Stats

"It's not what you look at that matters, it's what you see." - Henry David Thoreau

Sales and Listings Stats Regional

Sales and Listings Stats Houses, Townhouses, Condos

Attached are the Sales and Listings Stats updated to the end of August 2013. This was definitely a better August than last year and the highest number of units sold in the month of August since 2009. We saw total sales in all areas well above what we saw last year. But as is typical with August, sales were down from July as a lot of people took advantage of vacation time and summer activities. With that, the total number of new listings was down from July but up slightly from August 2012. Total Active listings on market continued to decline in August with Month’s Supply of Active Listings up marginally due to a decrease in total sales for the month.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in August 2013 was 2,557 – down from 2,986 in July 2013, up from 1,670 in August 2012; New Listings in August 2013 were down 14% from July 2013; Month’s Supply of Total Residential Listings is up to 7 Months (Balanced Market).

Vancouver Westside Residential: Total Units Sold in August 2013 was 518 – down from 572 in July 2013, up from 362 in August 2012; New Listings in August 2013 were down 14% from July 2013; Month’s Supply of Total Residential Listings is up to 6 Months (Balanced Market).

Vancouver Eastside Residential: Total Units Sold in August 2013 was 280 – down from 326 in July 2013, up from 169 in August 2012; New Listings in August 2013 were down 19% from July 2013; Month’s Supply of Total Residential Listings is up to 4 Months (Seller’s Market).

North Vancouver Residential:  Total Units Sold in August 2013 was 178 – down from 223 in July 2013, up from 114 in August 2012; New Listings in August 2013 were down 19% from July 2013; Month’s Supply of Total Residential Listings even at  5 Months (Seller’s  to Balanced Market).

West Vancouver Residential: Total Units Sold in August 2013 was 97 – down from 110 in July 2013, up from 36 in August 2012; New Listings in August 2013 were down 18% from July 2013; Month’s Supply of Total Residential Listings is up to 8 Months (Buyer’s Market).

Richmond Residential: Total Units Sold in August 2013 was 339 – down from 407 in July 2013, up from 180 in August 2012; New Listings in August 2013 were down 20% from July 2013; Month’s Supply of Total Residential Listings is up to 7 Months (Balanced Market).