Greater Vancouver Real Estate Stats Update November 2012


Greater Vancouver Real Estate Stats Update November 2012

While the total number of units sold was down in November compared to October 2012, we are seeing the total number of active listings continue to decrease and the number of properties being listed each month decrease. Total Active Listings as of December 1, 2012 are down 14% compared to June 1, 2012, while during the same period in 2011 total active listings were only down 8%. Benchmark Prices continue to drop in all areas – with the biggest declines occurring in Detached Houses on Vancouver’s West Side and West Vancouver.

Greater Vancouver: Total Units Sold in November 2012 was 1,733 – down from 1,970 in October 2012; New Listings in November 2012 were down 36% to October 2012; Month’s Supply of Total Residential Listings is up slightly to 10 Months (Buyer’s Market).

Vancouver Westside Houses: Total Units Sold in November 2012 was 77 – down from 104 in October 2012; New Listings in November 2012 were down 30% to October 2012; Month’s Supply of Total Active Listings is up to 11 Months (Buyer’s Market).

Vancouver Westside Condos: Total Units Sold in November 2012 was 241 – down from 264 in October 2012; New Listings in November 2012 were down 42% to October 2012; Month’s Supply of Total Active Listings is steady at 8 Months (Buyer’s Market).

Vancouver Eastside Houses: Total Units Sold in November 2012 was 91, steady from 93 Sold in October 2012; New Listings in November 2012 were down 48% to October 2012; Month’s Supply of Total Active Listings is steady at 7 Months (Trending on Balanced).

Vancouver Eastside Condos: Total Units Sold in November 2012 was 69 flat to October 2012 at 70; New Listings in November 2012 were down 34% to October 2012; Month’s Supply of Total Active Listings is steady at 8 Months (Buyer’s Market).

North Vancouver Houses: Total Units Sold in November 2012 was 60, down from 78 in October 2012; New Listings in November 2012 were down 36% to October 2012; Month’s Supply of Total Active Listings is steady at 6 Months (Balanced Market).

North Vancouver Condos: Total Units Sold in November 2012 was 59, up from 56 in October 2012; New Listings in November 2012 were down 40% to October 2012; Month’s Supply of Total Active Listings is down to 7 Months (Buyer’s to Balanced Market).

West Vancouver Houses: Total Units Sold in November 2012 was 32, down from 32 in October 2012; New Listings in November 2012 were down 46% to October 2012; Month’s Supply of Total Active Listings is up to 16 Months (Buyer’s Market).

Richmond Houses: Total Units Sold in November 2012 was 76, flat to October 2012 at 79 Sold; New Listings in November 2012 were down 34% to October 2012; Month’s Supply of Total Active Listings is down to 12 Month’s (Buyer’s Market).

Richmond Condos: Total Units Sold in November 2012 was 81, flat to October 2012 at 81 Sold; New Listings in November 2012 were down 31% to October 2012; Month’s Supply of Total Active Listings is down to 10 Months (Buyer’s Market).

If you have any real estate questions or if you are thinking of buying or selling your home, please contact James Louie Chung, Metro Vancouver REALTOR® — Real Estate Agent at [email protected] or call / text ( 6 0 4 ) 7 1 9 — 6 3 2 8 today!

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Photo: Design.Shuffle


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James Chung

Founder & Editor in Chief of Hello Vancity magazine. Email [email protected]

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