Sales and listings statistics are out for September. While the numbers show a September not to remember – perspective is the key. Over the last 25 years, September has more often than not shown lower units sold than August. September is a transition month, as much in life as in real estate. Activity in the real estate market did increase week by week as we moved through September. Over 1000 listings came off the market as October 1st appeared, with many more inactive listings on the market – buyers are engaging those listings coming on that are priced sharply leaving a bulk of listings sitting quiet. Benchmark prices in all areas have seen declines since their peak this year showing that Sellers will have to be reactive in their pricing going forward. And Buyers have their opportunity!

Greater Vancouver: Total Units Sold in September 2012 was 1,536 – down 8% to August 2012; New Listings in September 2012 were down 6% to September 2011; Month’s Supply of Total Residential Listings is 13 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in September 2012 was 86 – up 15% to August 2012; New Listings in September 2012 were down 16% to September 2011; Month’s Supply of Total Active Listings is 12 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in September 2012 was 212 – down 14% to August 2012; New Listings in September 2012 were down 13% to September 2011; Month’s Supply of Total Active Listings is 10 Month’s (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in September 2012 was 74, down 6% to August 2012; New Listings in September 2012 were down 10% to September 2011; Month’s Supply of Total Active Listings is 10 Month’s (Buyer’s Market).

Vancouver Eastside Condos: Total Units Sold in September 2012 was 71 down 5% to August 2012; New Listings in September 2012 were down 6% to September 2011; Month’s Supply of Total Active Listings is 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in September 2012 was 44, down 14% to August 2012; New Listings in September 2012 were up 9% to September 2011; Month’s Supply of Total Active Listings is 11 Month’s (Buyer’s Market).

North Vancouver Condos: Total Units Sold in September 2012 was 43, down 10% to August 2012; New Listings in September 2012 were down 3% to September 2011; Month’s Supply of Total Active Listings is 11 Months (Buyer’s Market).

West Vancouver Houses: Total Units Sold in September 2012 was 43, up 79% to August 2012; New Listings in September 2012 were up 2% to September 2011; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in September 2012 was 54, down 10% to August 2012; New Listings in September 2012 were down 27% to September 2011; Month’s Supply of Total Active Listings is 21 Month’s (Heavy Buyer’s Market!!!).

Richmond Condos: Total Units Sold in September 2012 was 73, up 12% to August 2012; New Listings in September 2012 were down 31% to September 2011; Month’s Supply of Total Active Listings is 13 Months (Buyer’s Market).