Eastside continues its hot streak - 3 months supply of product.

Attached are the Sales and Listings Stats updated to the end of April 2014. Sales in Greater Vancouver in April were the highest amount of units sold since June 2011 – the first time we have had over 3,000 units sold in a month since that time as well. Sales were up 15% compared to March 2014 and up 16% compared to April 2013. Total Active listings on market are down 7% compared to this time last year. Most market areas remain in balanced market conditions with some areas/product types seeing seller’s market type of conditions. Richmond showed a decrease in the number of units sold both month over month and year over year. This is against the trend of the market in Greater Vancouver. Vancouver’s West Side and East Side showed less improvement compared to other areas as well, specifically detached homes on Vancouver’s West Side showing only a 6% improvement over March 2014. Vancouver’s East Side detached homes showed a 13% improved in number of units sold compared to March 2014.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in April 2014 was 3,090 – up from 2,697 in March 2014, up from 2,666 in April 2013; Active Listings are at 16,629 compared to 17,854 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).

Vancouver Westside Residential: Total Units Sold in April 2014 was 629 – up from 571 in March 2014, up from 520 in April 2013; Active Listings are at 3,001 compared to 3,185 at this time last year; Month’s Supply of Total Residential Listings is steady at 5 Months (Balanced Market).

Vancouver Eastside Residential: Total Units Sold in April 2014 was 356 – up from 336 in March 2014, up from 246 in April 2013; Active Listings are at 1,150 compared to 1,441 at this time last year; Month’s Supply of Total Residential Listings is steady at 3 Months (Seller’s Market).

North Vancouver Residential:  Total Units Sold in April 2014 was 255 – up from 233 in March 2014, up from 227 in April 2013; Active Listings are at 1,069 compared to 1,101 at this time last year; Month’s Supply of Total Residential Listings is steady at 4 Months (Seller’s Market).

West Vancouver Houses: Total Units Sold in April 2014 was 99 – up from 78 in March 2014, up from 89 in April 2013; Active Listings are at 711 compared to 805 at this time last year; Month’s Supply of Total Residential Listings is steady at 7 Months (Balanced Market).

Richmond Residential: Total Units Sold in April 2014 was 335 – down from 374 in March 2014, down from 350 in April 2013; Active Listings are at 2,267 compared to 2,303 at this time last year; Month’s Supply of Total Residential Listings is steady at 7 Months (Balanced Market).

For a full detail of the numbers please click these links below, both regional and by style.

sales and listings stats regional april 2014

sales and listings stats houses townhouses condos april 2014