There are opportunities in today’s Real Estate Market, they just need to be found! While we are seeing the numbers of active listings increase, there are opportunities for those that want to sell and those that want to buy.
GREATER VANCOUVER: Sales for the month are at 2,383 – on pace to match, possibly exceed April’s sales of 2,837 but total active listings are currently 19.6% higher then this time last year. May should finish with 7 Month’s Supply of listings (Balanced bordering on Buyer’s Market)
VANCOUVER WEST SIDE: Sales for the month are at 495 – similarly on pace to meet April sales of 550 but total active listings are currently 37% higher than this time last year. May should finish with 7 Month’s Supply of listings.
Vancouver West Side Houses: Sales for the month are at 109 – and may be close to April sales of 130. Total active listings are currently 74% higher than this time last year and as a result May will finish with 8 to 9 Month’s Supply – a Buyer’s Market!
Vancouver West Side Condos: Sales for the month are at 342 and should beat April sales of 360 – good activity in the first time buyer’s segment. Total active listings are currently 26% higher than this time last year. May should finish with 6 Month’s Supply – Balanced Market.
VANCOUVER EAST SIDE: Sales for the month are at 255 – will be down from 341 sales in April. Total active listings are currently 25% higher than this time last year. May should finish with 5 Month’s Supply trending towards a Balanced Market.
Vancouver East Side Houses: Sales for the month are at 126 – and should beat April sales of 135. Total active listings are currently only 13% higher than this time last year. May should continue at 4 Month’s Supply of listings keeping in it a Seller’s Market.
RICHMOND: continues to be a softer market. With sales for the month currently at 221, it will fall short of 307 for April. Total Active listings are currently 34% higher than this time last year. May should finish with 10 to 11 Month’s Supply of listings – heavily into a Buyer’s Market. Great opportunities for those looking to buy and pricing is key for listing.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.