Metro Vancouver Home Sales and Listings Stats Update November 2012

Looking outside the window today and driving around Vancouver, you cannot help but think this is a pretty amazing place to live! Snow on the mountains; sun gleaming on the water – if this isn’t location, location, location I don’t know what is! So while the attached sales and listings statistics show a picture of moderation, just like our weather – the sun will shine. Strength in real estate comes from location, exactly what this city and this province offers. The total number of active listings continue to decrease with sales maintaining. Pent up demand and less listings on market continue to set up for a stronger 2013.

Greater Vancouver All Residential: Total Units Sold in November so far is 1,348 with total active listings at 17,122; we should see Month’s Supply of Listings maintain at 9 (Buyer’s Market is above 7).

Vancouver Westside All Residential: Total Units Sold in November so far is 273 with total active listings at 3,180 (lowest level since February 2012); we should see Month’s Supply of Listings maintain at 8.

Vancouver Eastside All Residential: Total Units Sold in November so far is 153 with total active listings at 1,324; we should see Month’s Supply of Listings drop to 7.

North Vancouver All Residential: Total Units Sold in November so far is 114 with total active listings at 1,003; we should see Month’s Supply of Listings maintain at 7.

West Vancouver All Residential: Total Units Sold in November so far is 34 with total active listings at 729; we should see Month’s Supply of Listings increase to 14.

Richmond All Residential: Total Units Sold in November so far is 166 with total active listings at 2,266 (lowest level since February 2012); we should see Month’s Supply of Listings maintain at 11 after a peak of 16 in September!

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