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SALES ABSORPTION REPORT

VANCOUVER, BC | FEBRUARY 2013

Vancouver real estate market statistics to keep you

ON TOP OF THE MARKET

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

488 Drake Street, Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120


INTRODUCTION | FEBRUARY 2013

SALES ABSORPTION REPORT

Our monthly sales absorption report is designed to keep you up-to-date and on top of the market. Every report analyzes the real estate markets in North and West Vancouver, Downtown, and the East and West side of the city in terms of monthly sales, listings, and absorption rates. The data is further broken down by price, residential type and the number of bedrooms. In addition to statistics, a graph presents the past two years of sales, and a featured properties page showcases our most recent listings and sold properties. To help you better understand the contents of the report, we’ve compiled a list of definitions and explanations of certain statistics terminology: ACTIVE LISTINGS The number of properties on the market. This number only includes those listed on the Multiple Listing Service (MLS); properties not listed on the MLS, such as “For Sale By Owner”, are not accounted for. This number is dynamic and constantly changes; new properties get listed and others are sold, terminated, cancelled, or expire. ATTACHED PROPERTY A property that shares a common wall with another property such as a condo, apartment, townhome, duplex, triplex, etc. DAYS ON MARKET (DOM) The number of days a listing is active on the MLS before it is sold. Our report showcases the average days on market which is calculated by adding all the days on market of each listing and dividing it by the number of listings for that month. In a buyer’s market, the DOM is generally higher because inventory takes longer to sell and in a seller’s market, the DOM is lower. DETACHED PROPERTY A property with no shared walls; a free standing house. MONTH’S SUPPLY The number of months it would take at the current absorption rate (see below), assuming no new properties are listed, for all of the currently listed properties to sell. To calculate month’s supply, take the total number of active listings in a month divided by the total number of sales in the month. The widely accepted equilibrium benchmark in the industry is 5 months’ supply. At 5 months’ supply, the buyers are absorbing the existing inventory at a rate that stabilizes pricing; ergo, the supply demand curves are at equilibrium. A market with greater than 5 months’ supply is considered a buyer’s market and one with less than 5 months’ supply is a seller’s market. For example, if the market had only 2 months’ worth of supply available, pricing would be trending up (in favour of sellers, hence a “seller’s market”). Conversely, an environment with 10 months’ supply would be putting downward pressure on pricing (benefiting buyers) as buyers have more variety of properties to select from. SALES ABSORPTION RATE The rate at which homes sell in an area; the higher the absorption rate, the faster homes are selling. To calculate the absorption rate, take the number of homes sold in a month and divide it by the total number of listings available that month. YEAR OVER YEAR (YOY) This rate compares a time period (in this case a month) against the same time period last year. For example, July 2012 compared to July 2011. It is calculated by taking the current data (absorption rate, sale prices...etc) minus the previous year’s data, and then divided by the previous year’s data. The key advantage to this metric is that it automatically negates the effect of seasonality. As the real estate market is dynamic and constantly changing, this report and its contents are our best representation of the market at the time the report was created. If you have any questions, suggestions on how we can make the report better, or would like to know where the market is at this very moment, please give us a call anytime!

E. & O.E.: This information is from sources which we deem reliable, but must be verified by prospective Purchasers and may be subject to change or withdrawal. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. Independently Owned and Operated.

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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DOWNTOWN | FEBRUARY 2013

DOWNTOWN (ATTACHED ONLY)

Includes Downtown, West End, Yaletown & Coal Harbour

February’s overall absorption was 9.25%, which represents 10.80 months worth of supply (strong buyer’s market)

Compared to last February, sales absorption rates are down 30.92%, from 13.39% in February 2012 to 9.25% in February 2013

Average sale price in February was $605,712, a decrease of $37,459 (-5.82%) from January’s average

There were 112 more listings and 37 more sales than in January

Most active properties were those listed between $400,000 500,000; least active were listings between $1,750,000 – 2M

Average DOM in February was 48 days; properties sold 9 days faster than in January

DOWNTOWN Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 1077 73 $668,354 $643,171 57 6.78%

Feb 2013 1189 110 $626,087 $605,712 48 9.25%

% Change 10.40% 50.68% -6.32% -5.82% -15.79% 36.49%

Feb 2012 1471 197 $777,424 $745,093 45 13.39%

YOY -19.17% -44.16% -19.47% -18.71% 6.67% -30.92%

Price Range 0 - 300,000 300,001 - 400,000 400,001 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 74 179 201 167 95 84 63 49 62 51 30 27 107 1189

# of Sales 8 31 22 14 10 8 3 7 2 2 1 0 2 110

Absorption 10.81% 17.32% 10.95% 8.38% 10.53% 9.52% 4.76% 14.29% 3.23% 3.92% 3.33% 0.00% 1.87% 9.25%

Absorption 10.26% 23.67% 17.50% 9.62% 10.49% 13.19% 14.63% 13.79% 8.64% 10.81% 12.12% 13.64% 6.16% 13.47%

% Change 5.41% -26.84% -37.46% -12.81% 0.35% -27.78% -67.46% 3.57% -62.67% -63.73% -72.50% -100.00% -69.68% -31.29%

Unit Type Studio 1 Bedroom 2 Bedroom 3 Bedroom+ TOTAL

# of Listings 50 441 589 109 1189

# of Sales 4 59 42 5 110

Absorption 8.00% 13.38% 7.13% 4.59% 9.25%

Absorption 17.14% 14.80% 13.12% 8.40% 13.47%

% Change -53.33% -9.60% -45.66% -45.37% -31.29%

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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VANCOUVER WESTSIDE | FEBRUARY 2013

VANCOUVER WESTSIDE

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• •

ATTACHED Excludes Downtown, West End, Yaletown & Coal Harbour Overall absorption was 8.60%, which represents 11.62 months worth of supply (strong buyer’s market) Compared to last February, sales absorption rates are down 43.35%, from 15.19% in February 2012 to 8.60% in 2013 Average sale price in February was $699,586, an increase of $5,990 (0.86%) from January’s average Average DOM in February was 34 days; properties sold 29 days faster than in January

DETACHED Excludes Downtown, West End, Yaletown & Coal Harbour Absorption in February was 7.54%, which represents 13.42 months worth of supply (strong buyer’s market) Compared to February 2012, sales absorption rates are down by 54.59%, from 16.40% to 7.54% in February 2013 Average sale price in February was $2,943,900, an increase of $499,391 (20.43%) from January’s average Average DOM in January was 34 days; properties sold 23 days faster than in January

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

ATTACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 1037 66 $726,114 $693,596 63 6.36%

Feb 2013 1174 101 $719,814 $699,586 34 8.60%

% Change 13.21% 53.03% -0.87% 0.86% -46.03% 35.17%

Feb 2012 1159 176 $679,581 $664,996 39 15.19%

YOY 1.29% -42.61% 5.92% 5.20% -12.82% -43.35%

Price Range 0 - 300,000 300,001 - 400,000 400,001 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 54 168 194 161 132 99 110 60 72 53 25 14 32 1174

# of Sales 4 19 22 18 8 11 12 7 5 3 3 0 3 115

Absorption 7.41% 11.31% 11.34% 11.18% 6.06% 11.11% 10.91% 11.67% 6.94% 5.66% 12.00% 0.00% 9.38% 9.80%

Absorption 15.00% 23.90% 18.34% 15.89% 11.41% 9.18% 17.44% 9.86% 20.24% 10.61% 8.70% 12.50% 3.13% 15.38%

% Change -50.62% -52.68% -38.18% -29.66% -46.88% 20.99% -37.45% 18.33% -65.69% -46.63% 38.00% -100.00% 200.00% -36.33%

Unit Type Studio 1Bedroom 2 Bedroom 3 Bedroom+ TOTAL

# of Listings 12 358 590 214 1174

# of Sales 0 32 63 20 115

Absorption 0.00% 8.94% 10.68% 9.35% 9.80%

Absorption 17.24% 17.65% 15.00% 12.50% 15.38%

% Change -100.00% -49.35% -28.81% -25.23% -36.33%

DETACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2012 887 53 $2,618,113 $2,444,509 57 0.34%

Feb 2013 1047 78 $3,197,634 $2,943,990 34 7.45%

% Change 18.04% 47.17% 22.14% 20.43% -40.35% 2091.13%

Feb 2012 1079 177 $2,727,747 $2,647,094 31 16.40%

YOY -2.97% -55.93% 17.23% 11.22% 9.68% -54.59%

Price Range 0 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2,000,001 - 2,250,000 2,250,001 - 2,500,000 2,500,001 - 2,750,000 2,750,001 - 3,000,000 3 - 4M 4M+ TOTAL

# of Listings 5 2 3 27 62 75 92 66 134 85 99 200 197 1047

# of Sales 0 0 1 5 6 14 8 5 12 7 1 7 13 79

Absorption 0.00% 0.00% 33.33% 18.52% 9.68% 18.67% 8.70% 7.58% 8.96% 8.24% 1.01% 3.50% 6.60% 7.55%

Absorption 50.00% 0.00% 33.33% 28.57% 29.09% 40.26% 21.21% 13.64% 18.10% 20.65% 14.29% 8.07% 10.22% 16.65%

% Change -100.00% 0.00% 0.00% -35.19% -66.73% -53.63% -59.01% -44.44% -50.51% -60.12% -92.93% -56.64% -35.44% -54.69%

Unit Type 2 Bedroom & Under 3 Bedroom 4 Bedroom 5 Bedroom+ TOTAL

# of Listings 28 94 223 702 1047

# of Sales 3 9 26 39 77

Absorption 10.71% 9.57% 11.66% 5.56% 7.35%

Absorption 13.64% 28.16% 19.78% 13.68% 16.65%

% Change -21.43% -65.99% -41.06% -59.40% -55.83%

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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VANCOUVER EASTSIDE | FEBRUARY 2013

VANCOUVER EASTSIDE

ATTACHED Overall absorption for February was 6.36%, which represents 15.72 months of supply (strong buyer’s market) Absorption rates are down 65.13% in February from a year earlier, from 18.24% in 2013 to 6.36% in 2012 Average sale price in February was $439,349, a decrease of $4,135 (-0.93%) from January’s average There was 46 more listing and 9 less sales when compared to September Average DOM was 47 days; properties sold 15 days faster in February than in January

DETACHED February’s absorption rate was 7.68%, which represents 13.02 months worth of supply (strong buyer’s market) Compared to last February, sales absorption rates are down 59.69% from 19.05% in February 2012 to 7.68% in 2013 Average sale price in February was $911,045, an increase of $27,039 (3.06%) from September’s average February had 98 more listings and 19 more sales than January Average DOM in February was 21 days; properties took 52 days faster to sell compared to January

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

ATTACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 693 56 $452,432 $443,483 62 8.08%

Feb 2013 739 47 $450,757 $439,348 47 6.36%

% Change 6.64% -16.07% -0.37% -0.93% -24.19% -21.30%

Feb 2012 773 141 $443,852 $438,317 56 18.24%

YOY -4.40% -66.67% 1.56% 0.24% -16.07% -65.13%

Price Range 0 - 250,000 250,001 - 300,000 300,001 - 400,000 400,001 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 80 109 209 110 61 79 45 22 6 10 2 2 4 0 739

# of Sales 8 5 10 12 1 5 4 2 0 0 0 0 0 0 47

Absorption 10.00% 4.59% 4.78% 10.91% 1.64% 6.33% 8.89% 9.09% 0.00% 0.00% 0.00% 0.00% 0.00% 6.36%

Absorption 20.00% 16.80% 16.93% 18.66% 22.95% 29.82% 16.33% 9.52% 0.00% 14.29% 0.00% 0.00% 18.29%

% Change -50.00% -72.70% -71.74% -41.53% -92.86% -78.78% -45.56% 100.00% 0.00% 0.00% 0.00% 0.00% -65.22%

Unit Type Studio 1 Bedroom 2 Bedroom 3 Bedroom+ TOTAL

# of Listings 22 291 264 162 739

# of Sales 0 22 16 9 47

Absorption 0.00% 7.56% 6.06% 5.56% 6.36%

Absorption 27.27% 14.70% 18.03% 25.95% 18.29%

% Change -100.00% -48.56% -66.39% -78.59% -65.22%

DETACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 540 30 $927,336 $884,006 73 5.56%

Feb 2013 638 49 $940,891 $911,045 21 7.68%

% Change 18.15% 63.33% 1.46% 3.06% -71.23% 38.24%

Feb 2012 656 125 $915,008 $910,995 41 19.05%

YOY -2.74% -60.80% 2.83% 0.01% -48.78% -59.69%

Price Range 0 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 1 7 39 99 100 95 140 84 37 24 12 638

# of Sales 0 1 4 17 11 11 9 2 2 0 0 57

Absorption 0.00% 14.29% 10.26% 17.17% 11.00% 11.58% 6.43% 2.38% 5.41% 0.00% 0.00% 8.93%

Absorption 50.00% 22.22% 14.71% 24.21% 25.93% 15.29% 16.19% 5.33% 7.14% 0.00% 0.00% 17.09%

% Change -100.00% -35.71% -30.26% -29.07% -57.57% -24.29% -60.29% -55.36% -24.32% 0.00% 0.00% -47.71%

Unit Type 2 Bedroom & Under 3 Bedroom 4 Bedroom 5 Bedroom+ TOTAL

# of Listings 32 59 107 440 638

# of Sales 8 5 18 26 57

Absorption 25.00% 8.47% 16.82% 5.91% 8.93%

Absorption 30.23% 27.94% 23.21% 15.95% 19.44%

% Change -17.31% -69.67% -27.53% -62.96% -54.04%

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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NORTH VANCOUVER | FEBRUARY 2013

NORTH VANCOUVER

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• •

ATTACHED Overall absorption was 11.25%, which represents 8.88 months worth of supply (buyer’s market) February sales absorption rates are down 31.10% from a year earlier, from 16.33% in 2012 to 11.25% in 2013 Average selling price in February was $479,676 an increase of $30,538 (6.80%) from January’s average There was 95 more listings and 28 more sales than January Average DOM in February was 52 days; properties sold 10 days faster than in January

DETACHED February’s absorption rate was 13.04%, which represents 7.6 months worth of supply (buyer’s market) Compared to last February, sales absorption rates are down 51.25% from 26.75% in February 2012 to 13.04% in 2013 Average sale price in February was $1,017,193, a decrease of $15,447 (-1.50%) from January’s average There was 90 more listings and 26 more sales than January Average DOM was 36 days; properties sat on the market for 20 days less than in January

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

ATTACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 527 42 $460,133 $449,138 62 7.97%

Feb 2013 622 70 $492,465 $479,676 52 11.25%

% Change 18.03% 66.67% 7.03% 6.80% -16.13% 41.21%

Feb 2012 649 106 $480,405 $470,452 48 16.33%

YOY -4.16% -33.96% 2.51% 1.96% 8.33% -31.10%

Price Range 0 - 300,000 300,001 - 400,000 400,001 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 115 155 99 94 61 46 28 8 9 2 2 2 1 622

# of Sales 13 23 9 9 7 0 4 2 3 0 0 0 0 70

Absorption 11.30% 14.84% 9.09% 9.57% 11.48% 0.00% 14.29% 25.00% 33.33% 0.00% 0.00% 0.00% 0.00% 11.25%

Absorption 17.20% 22.28% 15.84% 9.52% 16.00% 7.69% 15.63% 16.67% 18.18% 0.00% 0.00% 0.00% 0.00% 16.33%

% Change -34.29% -33.41% -42.61% 0.53% -28.28% -100.00% -8.57% 50.00% 83.33% 0.00% 0.00% 0.00% 0.00% -31.10%

Unit Type Studio 1 Bedroom 2 Bedroom 3 Bedroom+ TOTAL

# of Listings 9 187 290 136 622

# of Sales 1 20 29 20 70

Absorption 11.11% 10.70% 10.00% 14.71% 11.25%

Absorption 0.00% 16.83% 14.60% 21.19% 16.33%

% Change 11.11% -36.46% -31.49% -30.59% -31.10%

DETACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 393 37 $1,055,472 $1,032,640 56 9.41%

Feb 2013 483 63 $1,044,673 $1,017,193 36 13.04%

% Change 22.90% 70.27% -1.02% -1.50% -35.71% 38.54%

Feb 2012 385 103 $1,103,451 $1,086,759 33 26.75%

YOY 25.45% -38.83% -5.33% -6.40% 9.09% -51.25%

Price Range 0 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2,000,001 - 2,250,000 2,250,001 - 2,500,000 2,500,001 - 2,750,000 2,750,001 - 3,000,000 3 - 4M 4M+ TOTAL

# of Listings 59 70 63 86 71 46 40 9 17 7 5 1 9 483

# of Sales 20 11 10 11 3 4 3 0 1 0 0 0 0 63

Absorption 33.90% 15.71% 15.87% 12.79% 4.23% 8.70% 7.50% 0.00% 5.88% 0.00% 0.00% 0.00% 0.00% 13.04%

Absorption 29.31% 38.46% 31.82% 34.12% 17.57% 22.22% 0.00% 28.57% 10.00% 0.00% 16.67% 0.00% 0.00% 26.55%

% Change 15.65% -59.14% -50.11% -62.51% -75.95% -60.87% 0.00% 0.00% -41.18% 0.00% 0.00% 0.00% -50.87%

Unit Type 2 Bedroom & Under 3 Bedroom 4 Bedroom 5 Bedroom+ TOTAL

# of Listings 25 80 164 214 483

# of Sales 7 10 22 24 63

Absorption 28.00% 12.50% 13.41% 11.21% 13.04%

Absorption 21.43% 35.00% 33.04% 19.05% 26.55%

% Change 30.67% -64.29% -59.39% -41.12% -50.87%

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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WEST VANCOUVER | FEBRUARY 2013

WEST VANCOUVER

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ATTACHED February’s overall absorption was 6.80%, which represents 14.71 months worth of supply (very strong buyer’s market) Compared to last February, sales absorption rates are down 58.97% from 16.56% in February 2012 to 4.80% in 2013 Average sale price in February was $1,216,142, an increase of $425,517 (53.24%) from January’s average There was 24 more listings and 7 more sales than in January Average DOM in February was 83 days; properties sat on the market for 49 days less than in January

DETACHED Overall absorption in February was 4.86%, which represents 20.55 months of supply (strong buyer’s market) Sales absorption rates are down 64.59% in February from a year earlier, from 13.74% in 2012 to 4.86% in 2013 Average sale price was $2,341,259, an increase of $205,714 (9.63%) from January’s average There was 72 more listings and 6 more sales than in January Average DOM was 35 days; properties sat on the market for 30 less days than in January

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

ATTACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 182 7 $835,342 $793,625 132 3.85%

Feb 2013 206 14 $1,299,571 $1,216,142 83 6.80%

% Change 13.19% 100.00% 55.57% 53.24% -37.12% 76.70%

Feb 2012 163 27 $822,188 $804,553 59 16.56%

YOY 26.38% -48.15% 58.06% 51.16% 40.68% -58.97%

Price Range 0 - 300,000 300,001 - 400,000 400,001 - 500,000 500,001 - 600,000 600,001 - 700,000 700,001 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2M+ TOTAL

# of Listings 6 10 15 20 22 19 20 13 19 26 13 7 16 206

# of Sales 0 0 1 2 0 0 1 0 5 2 1 1 1 14

Absorption 0.00% 0.00% 6.67% 10.00% 0.00% 0.00% 5.00% 0.00% 26.32% 7.69% 7.69% 14.29% 6.25% 6.80%

Absorption 16.67% 25.00% 18.18% 14.29% 25.00% 15.79% 37.50% 7.14% 7.14% 18.75% 14.29% 0.00% 0.00% 16.27%

% Change -100.00% -100.00% -63.33% -30.00% -100.00% -100.00% -86.67% -100.00% 268.42% -58.97% -46.15% 14.29% 0.00% -58.22%

Unit Type Studio 1 Bedroom 2 Bedroom 3 Bedroom+ TOTAL

# of Listings 7 27 112 60 206

# of Sales 1 0 11 2 14

Absorption 14.29% 0.00% 9.82% 3.33% 6.80%

Absorption 0.00% 8.33% 17.89% 19.05% 16.27%

% Change 0.00% -100.00% -45.12% -82.50% -58.22%

DETACHED Active Listings Number of Sales Average Listing Price Average Sale Price Average DOM Overall Absorption

Jan 2013 483 33 $2,286,787 $2,135,545 65 6.83%

Feb 2013 555 27 $2,515,370 $2,341,259 35 4.86%

% Change 14.91% -18.18% 10.00% 9.63% -46.15% -28.80%

Feb 2012 495 68 $2,509,408 $2,366,611 53 13.74%

YOY 12.12% -60.29% 0.24% -1.07% -33.96% -64.59%

Price Range 0 - 800,000 800,001 - 900,000 900,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 1,750,000 1,750,001 - 2,000,000 2,000,001 - 2,250,000 2,250,001 - 2,500,000 2,500,001 - 2,750,000 2,750,001 - 3,000,000 3M - 4M 4M+ TOTAL

# of Listings 20 8 10 32 64 42 56 14 38 32 44 72 123 555

# of Sales 1 2 0 1 6 3 3 1 2 1 0 1 6 27

Absorption 5.00% 25.00% 0.00% 3.13% 9.38% 7.14% 5.36% 7.14% 5.26% 3.13% 0.00% 1.39% 4.88% 4.86%

Absorption 20.00% 20.00% 18.18% 18.18% 32.56% 14.71% 17.39% 27.27% 15.15% 21.43% 11.43% 3.75% 6.50% 13.82%

% Change -75.00% 25.00% 100.00% -82.81% -71.21% -51.43% -69.20% -73.81% -65.26% -85.42% -100.00% -62.96% -25.00% -64.80%

Unit Type 2 Bedroom & Under 3 Bedroom 4 Bedroom 5 Bedroom+ TOTAL

# of Listings 35 110 184 226 555

# of Sales 2 7 8 10 27

Absorption 5.71% 6.36% 4.35% 4.42% 4.86%

Absorption 17.24% 13.98% 18.63% 9.57% 13.82%

% Change -66.86% -54.48% -76.67% -53.76% -64.80%

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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6


FEATURED PROPERTIES | FEBRUARY 2013

FEATURED PROPERTIES (CLICK PROPERTY FOR MORE DETAILS)

JUST SOLD!

JUST SOLD!

303 – 966 West 14th Ave, Vancouver BC

$469,000

404 – 2665 W. Broadway, Vancouver

$719,000

2 Bedroom Quiet corner unit Walk-thru kitchen Functional living area

979sq. ft. 2 balconies In-suite laundry 1 storage

2 bedroom 2 Bathrooms Gourmet kitchen Huge deluxe master

South facing Charming Office/den 1 parking

2 Bathroom Fully rainscreened New washer/dryer 1 parking

MLS V983238

Open concept Hardwood floors Crown mouldings In-suite laundry

MLS V986505

NEW LISTING!

NEW PRICE!

1927 West 15th Ave, Vancouver BC

$1,398,000

108 – 1925 West 2nd, Vancouver BC

$388,000

3 Bedroom Townhome Hardwood floors 1 storage locker

1,568 sq. ft. Office/den In-suite laundry 1 parking

Garden Suite 676 sq .ft. Steps to the beach 378 sq. ft. patio

1 Bathroom Open dining In-suite laundry 1 parking

3 Bathroom Geothermal heat Vaulted ceilings Top end appliances

MLS V992633

JEFF FITZPATRICK PERSONAL REAL ESTATE CORPORATION

1 Bedroom Wood fireplace Steps to 4th Ave Ample in-suite storage

MLS V989997

488 Drake Street Vancouver, BC V6B 5S9 jefffitzpatrick.com | jeff@6126120.com | 604.612.6120

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Profile for Jeff Fitzpatrick Personal Real Estate Corporation

February 2013 Vancouver Real Estate Sales Absorption Report  

February 2013 month-end Vancouver real estate statistics for Downtown, North Vancouver, West Van, and Vancouver's East and West side.

February 2013 Vancouver Real Estate Sales Absorption Report  

February 2013 month-end Vancouver real estate statistics for Downtown, North Vancouver, West Van, and Vancouver's East and West side.

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