Vancouver Price Drop

Documenting Vancouver real estate price movements

Recycling Stats – July 10, 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%.  In June we have a new leader in West Vancouver where more than 1/3 of the new listings are recycled and again 6 regions beat the previously recorded high from May and overall almost 1/4 of all listings are recently pulled and relisted listings.  Now in July we have 3 areas (Richmond, West Vancouver and Port Coquitlam) all above the previous high region in June and the overall recycled listings is now over 28%…

Here are the July number 1/3 into the month.  The first number is the number of recycled listings and the second is the percentage of total new listings that are recycled

Region April May June July 1-10
Richmond 177 21.4% 232 27.4% 237 31.4% 76 38.2%
West Vancouver 51 21.3% 72 26.1% 73 34.8% 19 35.8%
Port Coquitlam 27 14.7% 37 19.2% 35 19.0% 18 35.3%
Abbotsford 79 17.9% 70 16.0% 93 22.0% 37 33.6%
Mission 31 20.4% 44 21.2% 34 22.1% 13 33.3%
Burnaby 136 17.7% 162 21.0% 186 25.1% 55 33.1%
North Vancouver 67 14.2% 93 18.0% 101 24.3% 34 31.8%
Vancouver West 283 21.2% 389 24.8% 377 29.9% 95 31.4%
Coquitlam 53 12.5% 85 17.2% 97 22.5% 32 30.5%
Maple Ridge 56 20.5% 99 27.1% 86 26.5% 20 29.9%
Langley 69 13.5% 89 16.3% 105 22.0% 32 28.8%
Chilliwack 12 24.0% 5 12.8% 8 24.2% 2 28.6%
Ladner 6 12.0% 6 10.0% 11 18.6% 2 28.6%
White Rock 79 16.0% 120 22.5% 110 23.3% 37 27.2%
Tsawwassen 6 9.1% 6 8.7% 9 16.4% 4 26.7%
Kent 7 21.2% 6 10.0% 9 33.3% 2 25.0%
Port Moody 29 20.9% 38 26.2% 47 29.9% 10 24.4%
New Westminster 35 14.0% 54 20.0% 52 21.1% 15 23.4%
Surrey 77 13.6% 84 14.8% 116 21.2% 35 22.6%
Sunshine Coast 24 13.4% 31 12.4% 26 14.6% 11 22.4%
North Surrey 48 12.9% 66 17.1% 69 20.3% 14 20.6%
Vancouver East 95 16.3% 140 20.4% 133 21.8% 26 20.2%
Cloverdale 30 12.7% 44 17.5% 53 24.4% 11 18.3%
Pitt Meadows 13 18.6% 6 10.3% 11 13.8% 2 18.2%
North Delta 10 9.3% 15 12.5% 19 15.3% 5 17.9%
Whistler Pemberton 11 10.1% 13 8.8% 15 12.8% 6 17.6%
Squamish 23 25.6% 11 8.6% 46 32.9% 5 15.6%
Hope and Region 5 12.8% 6 15.8% 2 11.1% 0 0.0%
TOTAL 1539 17.0% 2023 20.2% 2160 24.6% 618 28.6%
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6 responses to “Recycling Stats – July 10, 2012

  1. Makaya July 10, 2012 at 9:51 am

    As always, thanks a lot for your work! Really appreciated.

  2. Van_Coffee July 10, 2012 at 10:15 am

    Great stats.
    I am not sure of the timing of listing expiry, but it seems to me that listing expire at the end of the month and, if they were to be re-listed, this would tend to happend at the beginning of the suibsequent month. Is there a bias in the July stats in that this tends to capture more of the beginning of the month and so overstates the recycling % ?
    Curious as to your thoughts.
    VC

    • an observer July 10, 2012 at 10:27 am

      That makes sense and I suspected the same thing but if you look at last month comparing the recycling number for early in the month with the numbers at the end of the month they are about the same overall

  3. jr July 10, 2012 at 11:20 am

    I’m not sure if hosted wordpress blogs allow you to use jquery plugins but you should checkout the Datatables plugin.

    Again thanks for the numbers!

  4. Arthur July 10, 2012 at 4:04 pm

    Thanks for your effort. I would like to see a list of the properties listed for the greatest percent below assessed value. Another thing I would love to see is the percent of properties listed below assessment by region.

  5. Ray July 11, 2012 at 9:22 pm

    Absolutely fascinating — thanks!

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