Vancouver Price Drop

Documenting Vancouver real estate price movements

Total Inventory – June 18, 2012

Here are the total inventory levels of each region at the beginning of each month for the last 3 months.  Inventory levels have gone up in every region in both May and June except for Port Moody in June having dropped slightly.

Shaded cells indicate a 10% increase from the previous month.

*** UPDATE: Previously I only showed Homes, Apartments and Town Homes but now all property types are accounted for.

Region April 1 May 1 June 1
Burnaby 1498 1731 1910
Coquitlam 986 1029 1119
Ladner 118 132 137
Maple Ridge 1001 1028 1080
North Vancouver 819 938 1045
New Westminster 557 609 647
Pitt Meadows 142 160 163
Port Moody 347 368 364
Port Coquitlam 394 408 428
Richmond 2294 2515 2677
Tsawwassen 172 190 205
Vancouver East 1196 1251 1372
Vancouver West 2961 3282 3648
West Vancouver 583 634 691
Sunshine Coast 1037 1119 1250
Squamish 382 404 437
Whistler/Pemberton 774 827 840
Abbotsford 1295 1449 1482
Cloverdale 581 641 681
Langley 1286 1468 1527
Mission 682 723 781
North Delta 224 251 272
North Surrey 964 1079 1096
Surrey 1415 1601 1681
White Rock 1276 1475 1532
Chilliwack 127 156 160
Hope and Region 162 178 191
Kent 146 165 196

11 responses to “Total Inventory – June 18, 2012

  1. bailinginbc June 19, 2012 at 7:32 am

    Hi An Observer, the mls shows current total inventory of Squamish as being 438. Do your numbers include trailers? If not this could account for the different numbers, or has the number of listings jumped massively since the beginning of the month?

    Thanks for putting these numbers together, so refreshing to get some facts and come to your own conclusions.

    • an observer June 19, 2012 at 8:05 am

      I’m only including single family homes, apartments and townhomes in the numbers while the mls total inventory probably includes all property types I assume. I’ll look into it though

      • an observer June 19, 2012 at 8:23 am

        I’ll fix this – for some reason I decided to only include those three property types in the numbers when I did this last night. Will report later tonight will full numbers.

        Thanks for bringing it up

    • an observer June 19, 2012 at 2:24 pm

      ok, the grid has been updated to show all listings, not just apartments, town homes and single family homes

  2. bailinginbc June 19, 2012 at 9:09 am

    Oh yes, I forgot lots. Thank Observer

  3. lookoutbelow June 19, 2012 at 12:25 pm

    Just wanted to say a “big thank you” for publishing this total listing information. This is yet another piece of critical information that the REBGV chooses not to publish. Reading the REBGV’s mission statement on their website, they obviously feel they have no responsibility to provide information to the potential Buyer.

    Being a Richmond resident, the information is particularly useful to compute the number of months of inventory in this city. In the month of May there were a total of 271 sales in Richmond, so if sales were to continue at the May pace, we have about 9.6 Months of Inventory available. Hardly a “Balanced Market” as the REBGV would have us believe.

    Again, you are providing the potential buyers and also the sellers a great public service. I appreciate the time you are spending on this. Thanks very much.

    • an observer June 19, 2012 at 2:26 pm

      No problem! In a much better world this information would be freely available to everyone who are making the biggest purchase of their life instead of being hidden, obfuscated and manipulated to send whatever message serves the real estate industry

  4. jr June 21, 2012 at 11:01 am

    Could you post instructions on how to look up the price history on a property, even if it has been relisted? We are wanting to sell, but need to get a handle on what the sales have been like in our building the last several months.

    • an observer June 21, 2012 at 11:03 am

      Any decent realtor should provide you with all of this information – if they don’t then find a new one! Otherwise it is almost impossible. You could try using google and type in the address of your building in quotes and then use the “Cached” version of the page from google to get some info out but that’s a pain.

  5. jr June 21, 2012 at 12:02 pm

    See all you are doing is increasing my curiosity how you are pulling all this data together. 🙂 Nice work.

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