Vancouver Real Estate Market Report-May 2013


Blog by Arnold Shuchat | June 2nd, 2013


Here is the Vancouver May 2013 Market Activity Report.  As with the Richmond report, the Seller's Delusion Index the SDI is calculated as the sum of expired listings in a period plus terminated listings in that period divided by the number of units sold in that same period.  The higher the ratio, the more "out of whack" sellers are with buyers.

Looking below, 2012 with its large volume reduction from the 2011 year appears to be a more normalized benchmark for sales performance going forward for detached properties, but attached properties are still settling as sales in units is far below even the 2012 figures. Based on the numbers below, it does not appear that the price adjustments are over in Vancouver.
 
May 2013 Seller's Delusion Index
  Vancouver-Single Family Dwellings       Month of April-Detached Properties
Listings:   2013 2012 2011 2013 2012 2011
# of Sales   246 258 454 193 280 397
# of Expireds   111 87 57 77 115 48
# of Terminated   86 225 122 89 167 104
Ratio of Expireds        
& terminateds to  SDI    
Month of May   1.21 1.21 0.394
Month of April   0.86 1.007 0.438
Month of March   0.975 0.579 0.281
  Vancouver-Attached Properties Month of April-Attached Properties
# of Sales   370 560 651 354 625 681
# of Expireds   173 203 137 151 155 121
# of Terminated   200 409 335 153 272 232
Ratio of Expireds        
& terminateds to  SDI    
Month of May   1.01 1.09 0.725
Month of April   0.859 0.683 0.518
Month of March   0.864 0.562 0.421

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email me at: ashuchat@shuchatgroup.com or call me at: 778-227-7325 to discuss
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