Sales and Listings Report as of April 15, 2018

Sales and listings stats are attached as of April 15, 2018. The pace of April sales is close to matching that of March, but the number of new listings is on the rise. While the first week of April was slow to start with both sales and listings due to the Easter Weekend and spring break ending in March, last week saw the highest level of weekly sales reported for Greater Vancouver since last fall and the highest level of weekly new listings in over a year. As a result, Active Listings for Greater Vancouver are close to 10,000 and are likely to be at the highest point since 2015. Sales to Listings Ratios are lower this month compared to March, so far. With this trend showing across all product types and inventories going up for Detached, Townhouses and Condos. The pace should increase for both sales and listings as the second half of the month continues. Here is a summary of the activity so far:

Greater Vancouver – 1,143 Units Sold so far in April 2018 compared to 1,674 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 2,785 compared to 2,308 at the same time in April 2017. Total Active Listings are at 9,723 (8,139 at the same time last year). Sales To Listings Ratio is at 41% compared to 72% in April 2017.

Vancouver West - 219 Units Sold so far in April 2018 compared to 263 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 594 compared to 407 at the same time in April 2017. Total Active Listings are at 1,862 (1,359 at the same time last year). Sales To Listings Ratio is at 37% compared to 71% in April 2017.

Vancouver East – 130 Units Sold so far in April 2018 compared to 162 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 329 compared to 268 at the same time in April 2017. Total Active Listings are at 1,114 (1,025 at the same time last year). Sales To Listings Ratio is at 40% compared to 60% in April 2017.

North Vancouver – 92 Units Sold so far in April 2018 compared to 120 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 235 compared to 150 at the same time in April 2017. Total Active Listings are at 596 (400 at the same time last year). Sales To Listings Ratio is at 39% compared to 71% in April 2017.

West Vancouver – 22 Units Sold so far in April 2018 compared to 42 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 128 compared to 99 at the same time in April 2017. Total Active Listings are at 608 (481 at the same time last year). Sales To Listings Ratio is at 17% compared to 45% in April 2017.

Richmond – 146 Units Sold so far in April 2018 compared to 228 Units Sold as of April 16, 2017. Total New Listings so far in April 2018 are 317 compared to 290 at the same time in April 2017. Total Active Listings are at 1,408 (1,103 at the same time last year). Sales To Listings Ratio is at 46% compared to 78% in April 2017.

Kevin Skipworth

Dexter Associates Realty

Partner/Broker