Vancouver Real Estate Statistics for September 2013
Attached are the Sales and Listings Stats updated to the end of September 2013. September was a continuation of the current trend, a real estate market on the upswing. For Greater Vancouver, September saw the most units sold in that month since September 2009 and came close to beating August sales – a feat not often accomplished over the last 25 years. Units sold in September this year for Greater Vancouver were up 64% compared to September 2012. Vancouver’s West Side finished with more units sold in September than August and far exceeded September 2012 (up 7% to August 2013 and up 67% to September 2012). Listings continue to decline, with less new listings coming on market in September than is typical for this month. While reports may paint this as an overheating market, it really is a market coming into balance after a quiet period of activity over the last 18 months. But of course activity is product and area specific.
Here’s a summary of the numbers:
Greater Vancouver Residential Real Estate:
Total Units Sold in September 2013 was 2,524 – down from 2,557 in August 2013, up from 1,536 in September 2012; New Listings in September 2013 were down 5% from September 2012; Month’s Supply of Total Residential Listings even at 7 Months (Balanced Market).
Vancouver Westside Residential Real Estate:
Total Units Sold in September 2013 was 556 – up from 518 in August 2013, up from 333 in September 2012; New Listings in September 2013 were even to September 2012; Month’s Supply of Total Residential Listings dropped to 5 Months (Balanced Market).
Vancouver Eastside Residential Real Estate:
Total Units Sold in September 2013 was 281 – up from 280 in August 2013, up from 164 in September 2012; New Listings in September 2013 were up 4% from September 2012; Month’s Supply of Total Residential Listings even at 5 Months (Balanced Market).
North Vancouver Residential Real Estate:
Total Units Sold in September 2013 was 163 – down from 178 in August 2013, up from 100 in September 2012; New Listings in September 2013 were down 14% from September 2012; Month’s Supply of Total Residential Listings is up to 6 Months (Balanced Market).
West Vancouver Residential Real Estate:
Total Units Sold in September 2013 was 94 – down from 97 in August 2013, up from 58 in September 2012; New Listings in September 2013 were down 5% from September 2012; Month’s Supply of Total Residential Listings is even at 8 Months (Balanced to Buyer’s Market).
Richmond Residential Real Estate:
Total Units Sold in September 2013 was 321 – down from 339 in August 2013, up from 173 in September 2012; New Listings in September 2013 were up 6% from September 2012; Month’s Supply of Total Residential Listings is even at 7 Months (Balanced Market).
sales and listings stats houses townhouses condos sept 30 2013