Sales and Listings Report for September 17 2018

“Do not wait to strike till iron is hot; but make it hot by striking.” W.B. Yeats

Sales and listings stats are attached as of September 16, 2018. It can only get better! The night is darker before the dawn, always look on the bright side of life! It’s all been said before, and after a slower than average summer in terms of sales, and a slower than average start in September, it’s clear the real estate market in Greater Vancouver is not what it’s been over the last two to three years. Sales in Greater Vancouver are down 47 per cent compared to the same time in September of last year, while new listings are down 2 per cent. Sales in Vancouver’s Westside are down 57 per cent compared to September last year at this time while new listings are down 11 per cent. It seems the market is a little more stuck both in terms of sales and listings, keeping inventories in check for the most part. So buyers are benefitting from some inventories increases, but are benefitting more from the lack of competition. Making for opportunities that haven’t been seen since 2012 and 2013.

Here is a summary of the activity so far:

Greater Vancouver -717 Units Sold so far in September 2018 compared to 1,361 Units Sold at this time in September 2017. Total New Listings so far in September are 2,918 compared to 2,988 at this time in September 2017. Total Active Listings are at 13,242 (9,968 at the same time in September 2017), Sales To Listings Ratio is at 25% compared to 46% at this time in September 2017.

Vancouver West – 117 Units Sold so far in September 2018 compared to 271 Units Sold at this time in September 2017. Total New Listings so far in September are 544 compared to 607 at this time in September 2017. Total Active Listings are at 2,291 (1,724 at the same time in September 2017), Sales To Listings Ratio is at 22% compared to 45% at this time in September 2017.

Vancouver East – 82 Units Sold so far in September 2018 compared to 110 Units Sold at this time in September 2017. Total New Listings so far in September are 337 compared to 311 at this time in September 2017. Total Active Listings are at 1,448 (1,123 at the same time in September 2017), Sales To Listings Ratio is at 24% compared to 35% at this time in September 2017.

North Vancouver – 61 Units Sold so far in September 2018 compared to 91 Units Sold at this time in September 2017. Total New Listings so far in September are 286 compared to 256 at this time in September 2017. Total Active Listings are at 825 (563 at the same time in September 2017), Sales To Listings Ratio is at 21% compared to 36% at this time in September 2017.

West Vancouver – 11 Units Sold so far in September 2018 compared to 19 Units Sold at this time in September 2017. Total New Listings so far in September are 148 compared to 162 at this time in September 2017. Total Active Listings are at 752 (621 at the same time in September 2017), Sales To Listings Ratio is at 7% compared to 12% at this time in September 2017.

Richmond – 85 Units Sold so far in September 2018 compared to 195 Units Sold at this time in September 2017. Total New Listings so far in September are 358 compared to 381 at this time in September 2017. Total Active Listings are at 1,864 (1,442 at the same time in September 2017), Sales To Listings Ratio is at 24% compared to 51% at this time in September 2017.

Burnaby East – 3 Units Sold so far in September 2018 compared to 14 Units Sold at this time in September 2017. Total New Listings so far in September are 28 compared to 35 at this time in September 2017. Total Active Listings are at 134 (119 at the same time in September 2017), Sales To Listings Ratio is at 11% compared to 40% at this time in September 2017.

Burnaby North – 33 Units Sold so far in September 2018 compared to 56 Units Sold at this time in September 2017. Total New Listings so far in September are 137 compared to 146 at this time in September 2017. Total Active Listings are at 519 (409 at the same time in September 2017), Sales To Listings Ratio is at 24% compared to 38% at this time in September 2017.

Burnaby South – 45 Units Sold so far in September 2018 compared to 87 Units Sold at this time in September 2017. Total New Listings so far in September are 121 compared to 151 at this time in September 2017. Total Active Listings are at 619 (499 at the same time in September 2017), Sales To Listings Ratio is at 37% compared to 58% at this time in September 2017.

New Westminster – 35 Units Sold so far in September 2018 compared to 66 Units Sold at this time in September 2017. Total New Listings so far in September are 122 compared to 118 at this time in September 2017. Total Active Listings are at 425 (271 at the same time in September 2017), Sales To Listings Ratio is at 29% compared to 56% at this time in September 2017.

Coquitlam – 65 Units Sold so far in September 2018 compared to 102 Units Sold at this time in September 2017. Total New Listings so far in September are 243 compared to 243 at this time in September 2017. Total Active Listings are at 1,009 (687 at the same time in September 2017), Sales To Listings Ratio is at 27% compared to 42% at this time in September 2017.

Port Moody – 14 Units Sold so far in September 2018 compared to 16 Units Sold at this time in September 2017. Total New Listings so far in September are 58 compared to 69 at this time in September 2017. Total Active Listings are at 221 (178 at the same time in September 2017), Sales To Listings Ratio is at 24% compared to 23% at this time in September 2017.

Port Coquitlam – 36 Units Sold so far in September 2018 compared to 64 Units Sold at this time in September 2017. Total New Listings so far in September are 87 compared to 83 at this time in September 2017. Total Active Listings are at 335 (204 at the same time in September 2017), Sales To Listings Ratio is at 41% compared to 77% at this time in September 2017.

Ladner – 36 Units Sold so far in September 2018 compared to 8 Units Sold at this time in September 2017. Total New Listings so far in September are 87 compared to 41 at this time in September 2017. Total Active Listings are at 335 (125 at the same time in September 2017), Sales To Listings Ratio is at 41% compared to 20% at this time in September 2017.

Tsawwassen – 36 Units Sold so far in September 2018 compared to 12 Units Sold at this time in September 2017. Total New Listings so far in September are 87 compared to 46 at this time in September 2017. Total Active Listings are at 335 (187 at the same time in September 2017), Sales To Listings Ratio is at 41% compared to 26% at this time in September 2017.