thecarreetblog supply level.If you are thinking of moving up in the Vancouver real estate market now is a good time. You might not sell for what prices were acheiving in the spring but if you are thinking of selling a 1 or 2 bed and moving on up to a 2 bed+ or even a house you will save $$$ as a percentage decrease will benefit you when you buy up. Don't fear the market, take advantage of the current real estate market in Vancouver. Buyers markets do not last long in Vancouver as history has shown. Call or email us to discuss the benefits of a compressing market info@uptownvancouver.com

Attached are the final listings and sales statistics for June. While the number of sales for all areas in June were down from May, the number of listings appears to be peaking – and should start to come down as we move through the summer. OPPORTUNITY! For buyers, now is a great time to find that property and take advantage of less competition. To know when the absolute best time to buy is, that will be evident 3 or 4 months after the fact; and the best opportunities will be behind us. For sellers, engage those buyers that are there and be a leader in being competitively priced! Most of all, remember that if you’re trading in the same market then don’t focus on where the market is going... And if the move makes your life better, how do you put a price on that!

Here are some highlights:

Greater Vancouver: 2,398 Sales in June 2012, down 17.3% from May 2012, currently there is an 8 Month’s Supply of listings – a Buyer’s Market.

Vancouver West Side: 479 Sales in June 2012, down 16.6% from May 2012, currently there is an 8 Month’s Supply of listings – a Buyer’s Market.

Vancouver West Side Houses: 102 Sales in June 2012, down 14.4% from May 2012 (down 52.2% from June 2011), currently there is an 11 Month’s Supply of listings – a strong Buyer’s Market.

Vancouver West Side Condos: 331 Sales in June 2012, down 17.7% from May 2012, currently there is a 7 Month’s Supply of listings – a Buyer’s Market.

East Side: 281 Sales in June 2012, down 10.3% from May 2012, currently there is a 5 Month’s Supply of listings – a Balanced Market.

East Side Houses: 107 Sales in June 2012, down 29.7% from May 2012 (down 40.5% from June 2011), currently there is a 6 Month’s Supply of listings – a Balanced Market.

East Side Condos: 136 Sales in June 2012, up 23.6% from May 2012 (a sign of the first time and entry level market strength and reaction to mortgage rule changes), currently there is a 4 Month’s Supply of listings – in between a Seller’s Market and Balanced Market.

North Vancouver: 163 Sales in June 2012, down 36.4% from May 2012 (down 46.8% from June 2011), currently there is a 7 Month’s Supply of listings – moving into a Buyer’s Market.

North Vancouver Houses: 73 Sales in June 2012, down 40% from May 2012 (down 52.3% from June 2011), currently there is a 6 Month’s Supply of listings – a Balanced Market.

listings_and_sales_stats_regional_h.pdf

listings_and_sales_stats_houses_townhouses_condos_a.pdf