Above are the April Vancouver (west side) real estate graphs for houses, townhouses and condos. Listings up in all categories. Sales up in townhomes and condos and down in houses.
Condo listings increased to just under 2,400, higher than any month for the past year and more than double the amount from the December low. New Listings – Apr 1163 , Mar 1168 ,Feb 601, Jan 850, Dec 349, Nov 621, Oct 833 , Sept 798. Sales - Apr 539, Mar 387 ,Feb 342, Jan 298, Dec 397, Nov 483, Oct 529, Sept 477. Busiest price range is $350,000 to $400,000 (up from $300-350k in Jan). Year to Date sales over $1 Million - 141 sales. Total of 1,572 sales for the year vs 1,114 in 2009.
Townhouse listings - 375 vs 340 a year ago. New listings for Apr 194 ,Mar 175 ,Feb 86. Jan 30, Dec 34 , 77 in Nov, 94 in Oct and 136 in Sept. Sales - Apr 88 ,Mar 64 ,Feb 54, Jan 30, Dec 62, 64 in Nov, 78 in Oct and 81 in Sept. Busiest price range is $750,000 to $800,000. 71 sales over $1M. 236 sales for the year vs 210 last year.
House listings - 700 vs 680 a year ago. New listings - Apr 424 , Mar 370 ,Feb 220, Jan 244, Dec 86, Nov 136, Oct 238, Sept 310. Sales – Apr 193, Mar 208 ,Feb 130, Jan 102, Dec 133 , Nov 141, Oct 200. Apr’09 sales were 193. Almost no sales under $1M on Vancouver’s West Side – 16 out of 595 for the year. Year to date sales 633 vs 483 in 2009.
Vancouver reflections - The Median Price shows prices softening in all categories and inventory still increasing.
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based on this real estate in van is doing good, yet i have heard numerous complaints how it’s slowing down and dead for spring/summer season. either these graphs will drop big time in may which i have hard time seeing since it is still in growing stage. what gives? are agents just complaining because they feel like or is there a million of them out there fighting to get something to sell.
the market is not as hot as it was a year ago, when prices and interest rates were considerably lower but it is still a healthy market and in my opinion a levelling off is healthy for it. if sellers are seriously motivated then they have to be priced dead on, if not, don’t list your property. nothing goes up forever and nothing goes down forever, the market is always changing and requires a realtor to recognize this and advise their clients accordingly
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