ales and listings stats are attached as of August 18, 2019. At mid-month in August home sales are performing marginally better than August of last year at mid-month, although last August was the first of nine straight months with home sales in Greater Vancouver below 2,000 units, this August should see the fourth straight month above 2,000 homes sold. While sales are on the increase, new listings are going in the opposite direction. With less homes coming to the market this is creating more competition amongst buyers and resulting in a fewer number of active listings. And with global changes, potential for lower interest rates and continued population growth, the supply issues will once again become the unrecognized factor in Metro Vancouver’s real estate market. Along with the stats is David’s analysis of sales by price point for Westside detached and attached.
Here is a summary of the activity so far:
Greater Vancouver –1,167 Units Sold so far in August 2019 compared to 1,091 Units Sold at this time in August 2018 and 1,862 at the same time in August 2017. Total New Listings so far in August are 2,161 compared to 2,347 at this time in August 2018 and 2,798 at this time in August 2017. Total Active Listings are at 14,576 (12,679 at the same time in August 2018), Sales To Listings Ratio is at 54% compared to 46% at this time in August 2018.
Vancouver West - 208 Units Sold so far in August 2019 compared to 210 Units Sold at this time in August 2018 and 308 at the same time in August 2017. Total New Listings so far in August are 372 compared to 458 at this time in August 2018 and 483 at this time in August 2017. Total Active Listings are at 2,450 (2,223 at the same time in August 2018), Sales To Listings Ratio is at 56% compared to 46% at this time in August 2018.
Vancouver East – 126 Units Sold so far in August 2019 compared to 103 Units Sold at this time in August 2018 and 184 at the same time in August 2017. Total New Listings so far in August are 195 compared to 239 at this time in August 2018 and 270 at this time in August 2017. Total Active Listings are at 1,294 (1,359 at the same time in August 2018), Sales To Listings Ratio is at 65% compared to 43% at this time in August 2018.
North Vancouver – 102 Units Sold so far in August 2019 compared to 73 Units Sold at this time in August 2018 and 135 at the same time in August 2017. Total New Listings so far in August are 159 compared to 157 at this time in August 2018 and 165 at this time in August 2017. Total Active Listings are at 889 (764 at the same time in August 2018), Sales To Listings Ratio is at 64% compared to 46% at this time in August 2018.
West Vancouver – 25 Units Sold so far in August 2019 compared to 27 Units Sold at this time in August 2018 and 23 at the same time in August 2017. Total New Listings so far in August are 72 compared to 86 at this time in August 2018 and 84 at this time in August 2017. Total Active Listings are at 702 (735 at the same time in August 2018), Sales To Listings Ratio is at 35% compared to 31% at this time in August 2018.
Richmond –126 Units Sold so far in August 2019 compared to 140 Units Sold at this time in August 2018 and 270 at the same time in August 2017. Total New Listings so far in August are 273 compared to 336 at this time in August 2018 and 425 at this time in August 2017. Total Active Listings are at 2,239 (1,808 at the same time in August 2018), Sales To Listings Ratio is at 46% compared to 42% at this time in August 2018.
Burnaby East –13 Units Sold so far in August 2019 compared to 11 Units Sold at this time in August 2018. Total New Listings so far in August are 32 compared to 17 at this time in August. Total Active Listings are at 171 (129 at the same time in August 2018), Sales To Listings Ratio is at 41% compared to 65% at this time in August 2018.
Burnaby North –49 Units Sold so far in August 2019 compared to 49 Units Sold at this time in August 2018. Total New Listings so far in August are 122 compared to 112 at this time in August. Total Active Listings are at 621 (484 at the same time in August 2018), Sales To Listings Ratio is at 49% compared to 44% at this time in August 2018.
Burnaby South – 56 Units Sold so far in August 2019 compared to 57 Units Sold at this time in August 2018. Total New Listings so far in August are 153 compared to 128 at this time in August. Total Active Listings are at 825 (630 at the same time in August 2018), Sales To Listings Ratio is at 37% compared to 45% at this time in August 2018.
New Westminster – 49 Units Sold so far in August 2019 compared to 102 Units Sold at this time in August 2018. Total New Listings so far in August are 102 compared to 95 at this time in August. Total Active Listings are at 516 (392 at the same time in August 2018), Sales To Listings Ratio is at 48% compared to 47% at this time in August 2018.
Coquitlam – 113 Units Sold so far in August 2019 compared to 107 Units Sold at this time in August 2018. Total New Listings so far in August are 203 compared to 215 at this time in August. Total Active Listings are at 1,082 (968 at the same time in August 2018), Sales To Listings Ratio is at 56% compared to 50% at this time in August 2018.
Port Moody –25 Units Sold so far in August 2019 compared to 21 Units Sold at this time in August 2018. Total New Listings so far in August are 52 compared to 31 at this time in August. Total Active Listings are at 231 (208 at the same time in August 2018), Sales To Listings Ratio is at 48% compared to 68% at this time in August 2018.
Burnaby East –13 Units Sold so far in August 2019 compared to 11 Units Sold at this time in August 2018. Total New Listings so far in August are 32 compared to 17 at this time in August. Total Active Listings are at 171 (129 at the same time in August 2018), Sales To Listings Ratio is at 41% compared to 65% at this time in August 2018.
Port Coquitlam –44 Units Sold so far in August 2019 compared to 40 Units Sold at this time in August 2018. Total New Listings so far in August are 57 compared to 77 at this time in August. Total Active Listings are at 352 (327 at the same time in August 2018), Sales To Listings Ratio is at 77% compared to 52% at this time in August 2018.
Ladner –19 Units Sold so far in August 2019 compared to 15 Units Sold at this time in August 2018. Total New Listings so far in August are 32 compared to 23 at this time in August. Total Active Listings are at 189 (159 at the same time in August 2018), Sales To Listings Ratio is at 59% compared to 65% at this time in August 2018.
Tsawwassen –14 Units Sold so far in August 2019 compared to 15 Units Sold at this time in August 2018. Total New Listings so far in August are 35 compared to 16 at this time in August. Total Active Listings are at 281 (221 at the same time in August 2018), Sales To Listings Ratio is at 40% compared to 94% at this time in August 2018.
Kevin Skipworth
Managing Broker/Partner
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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