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Back in March who would have imagined that December would be a record month for the number of properties sold in that month. The analysis and questions of how this could happen during such a global crisis will be a topic for many conversations, and while record low interest rates...

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April 2012 Stats

“Although April sales were below what’s typical for the month, we continue to see, with a sales-to-active listing ratio of nearly 17%, a balanced relationship between buyer demand and seller supply in our marketplace,” Eugen Klein, REBGV president

Below are some statistics of sales in April 2012. Where are you located and how are you feeling about the market?

VANCOUVER WEST SIDE

550 Sales, down 10.5% from March 2012. At month’s end there were 3,386 active listings, a 6 Month’s Supply of properties (Balanced Market).
Vancouver West Side Houses
130 Sales, down 14.5% from March 2012. At month’s end there were 949 active listings, a 7 Month’s Supply of properties (going towards a Buyer’s Market)
Vancouver West Side Condos
360 Sales, down 8.7% from March 2012. At month’s end there were 2,090 active listings, a 6 Month’s Supply of properties (Balanced Market).

VANCOUVER EAST SIDE
341 Sales, up 1.5% from March 2012. At month’s end there were 1,302 active listings, a 4 Month’s Supply of properties (trending towards Seller’s Market).
Vancouver East Side Houses
135 Sales, down 12.9% from March 2012. At month’s end there were 549 active listings, a 4 Month’s Supply of properties (up from 3 months in March) still in a Sellers’ Market.
Vancouver East Side Condos
152 Sales, up 10.1% from March 2012. At month’s end there were 565 active listings, a 4 Month’s Supply of properties (Seller’s Market).

WEST VANCOUVER HOUSES
83 Sales, up 6.4% from March 2012. At month’s end there were 475 active listings, a 6 Month’s Supply of properties (Balanced Market) – with some exceptions of quicker sales happening.
NORTH VANCOUVER HOUSES
118 Sales, down 2.5% from March 2012. At month’s end there were 33 active listings, a 3 Month’s Supply of properties (Seller’s Market with very low inventory levels).
RICHMOND
307 Sales, flat to March 2012. At month’s end there were 2,552 active listings, an 8 Month’s Supply of properties (Buyer’s Market continues).

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