Vancouver Price Drop

Documenting Vancouver real estate price movements

Recycling Stats – June 7, 2012

Here are the latest stats showing how many new listings are actually recycled listings that had been previously pulled.  In April out of locations with 100 or more new listings the highest was Richmond with 21.4%.  In May 6 locations beat that with the highest being Richmond again with 27.4%.  Now so far in June we have 7 locations that beat that new high and now we have Maple Ridge, Mission, West Vancouver, Richmond and Vancouver West all running at over 30% recycled listings…  It is early in the month but it will be interesting to see how these numbers look in a few weeks.

Region April May June 1-7
Maple Ridge 273 56 20.5% 365 99 27.1% 80 28 35.0%
Mission 152 31 20.4% 208 44 21.2% 29 10 34.5%
West Vancouver 239 51 21.3% 276 72 26.1% 64 22 34.4%
Richmond 828 177 21.4% 847 232 27.4% 184 59 32.1%
Ladner 50 6 12.0% 60 6 10.0% 22 7 31.8%
Vancouver West 1333 283 21.2% 1570 389 24.8% 326 99 30.4%
Burnaby 769 136 17.7% 770 162 21.0% 197 55 27.9%
Port Moody 139 29 20.9% 145 38 26.2% 36 10 27.8%
Langley 513 69 13.5% 546 89 16.3% 116 30 25.9%
White Rock 494 79 16.0% 533 120 22.5% 111 28 25.2%
Chilliwack 50 12 24.0% 39 5 12.8% 8 2 25.0%
Port Coquitlam 184 27 14.7% 193 37 19.2% 49 12 24.5%
Squamish 90 23 25.6% 128 11 8.6% 34 8 23.5%
Abbotsford 441 79 17.9% 438 70 16.0% 85 19 22.4%
Kent 33 7 21.2% 60 6 10.0% 9 2 22.2%
Cloverdale 236 30 12.7% 252 44 17.5% 66 14 21.2%
North Vancouver 472 67 14.2% 517 93 18.0% 110 23 20.9%
Surrey 568 77 13.6% 568 84 14.8% 148 31 20.9%
Pitt Meadows 70 13 18.6% 58 6 10.3% 24 5 20.8%
New Westminster 250 35 14.0% 270 54 20.0% 45 9 20.0%
North Delta 107 10 9.3% 120 15 12.5% 41 8 19.5%
Vancouver East 584 95 16.3% 687 140 20.4% 162 31 19.1%
Coquitlam 423 53 12.5% 493 85 17.2% 101 18 17.8%
Tsawwassen 66 6 9.1% 69 6 8.7% 17 3 17.6%
North Surrey 372 48 12.9% 385 66 17.1% 92 16 17.4%
Sunshine Coast 179 24 13.4% 251 31 12.4% 54 8 14.8%
Whistler Pemberton 109 11 10.1% 147 13 8.8% 30 4 13.3%
Hope and Region 39 5 12.8% 38 6 15.8% 3 0 0.0%
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5 responses to “Recycling Stats – June 7, 2012

  1. jr June 7, 2012 at 4:55 pm

    Are people pulling the listings hoping to hide the fact that they have dropped the price or is it for a standard grieving period that they aren’t the paper millionaires they once thought? What is the rationale?

    Is it possible to add inventory per city per month? Trimmed mean price change for recycled listings per city per month?

    I lived in Seattle when the market crashed, and I can tell you the exact thing that happened there is happening here. Easy cheap money, everyone is in who can be, the race to the top is over (and there is still a ton of new construction, look at Maple Ridge!!!), too much inventory, everyone is trying to cash out at the same time because they are over-leveraged. The difference is there will be no walking away from this one, for better or for worse.

    Are you getting this data out of an API? Awesome work!

  2. eric grill June 7, 2012 at 5:18 pm

    The trend is clearly accelerating. We just may forego the “sticky” stage of price reductions if this keeps up…wow!

  3. gary June 7, 2012 at 8:46 pm

    BC has been long overdue for this correct… what a nightmare… this isn’t good for anyone…

    btw… great job! i love this blog.

  4. Erebus June 8, 2012 at 3:35 pm

    keep up the good work. Don’t stop.

  5. Pingback: REAL ESTATE: Vancouver Price Drop Recycling Stats – June 7, 2012 |

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