Vancouver Realty Online

We would like to present ‘Westside Detached Stat Package’ for the week of May 19th – May 25th.

The detached market on the Westside continued to perform well below seasonal norms as the recent recovery in the attached and apartment markets due to better financing and economic conditions has not yet reached the higher-end housing market on the Westside.  New listings moved from 67 new detached active listings in the Vancouver West Region to 58 – as we continued to see nearly full supply saturation with 53 detached sales.  Attached and condominium markets tend to be what we refer to as ‘early indicators’, which should lead to further improvements in the detached market as 2009 continues.   The Westside detached market, more then anywhere else; has seen a real drop in supply in the face of a tighter market.  Buyer competition remains active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale.   The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave.

Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 58 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 5
Cambie (CA) : 5
Dunbar (DU) : 7
Fairview (FA) : 1
Kerrisdale (KE) : 4
Kitsilano (KT) : 3
MacKenzie Heights (MH) : 4
Marpole (MR) : 4
Oakridge (OA) : 1
Point Grey (PG) : 5
Quilchena (QU) : 1
South Cambie (SC) : 1
South Granville (SG) : 6
Shaughnessy (SH) : 8
Southlands (SL) : 1
S.W. Marine (SW) : 2
University (UL) : 1

58 total new detached listings on the Westside from May 19th – May 25th.

This past week there were 53 detached sold listings in the Vancouver West Region. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 53 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 5
Cambie (CA) : 5
Dunbar (DU) : 8
Kerrisdale (KE) : 5
Kitsilano (KT) : 5
MacKenzie Heights (MH) : 1
Marpole (MR) : 4
Point Grey (PG) : 4
Quilchena (QU) : 2
South Granville (SG) : 8
Shaughnessy (SH) : 3
S.W. Marine (SW) : 1
Southlands (SL) : 2

53 total detached sales on the Westside from May 19th – May 25th.

Of important note is the 1 : 1 listing to ratio number, which indicates nearly full supply saturation in many of the Westside markets.  Especially competitive are the Kitsilano midgrade market with listings north of W 4th Avenue in the $1,000,000 – $1,400,000 in demand as well as the luxury markets in Point Grey and Shaughnessy.  South Granville and Dunbar continued to lead the Westside in transaction volume with 8 sales in each neighbourhood.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

We would like to present our  ‘Westside Attached Stat Package‘, for the week of May 19th – May 25th.  New listing numbers fell quite drastically this past week, moving from 102 new attached listings to 58 on the Westside.  Sales figures, conversely; continued to remain stable moving from 75 to 76 attached sales on the Westside.  Good financing conditions, relative fall in supply, and a more positive overall economic outlooks has led to a notable increase in buyer demand, which is most prevalent in the downtown and Westside attached markets.  We have witnessed a return of the international buyer with a number of individuals from the USA and Asia looking to take advantage of the pre-Olympic lull in pricing, and competitive financing options.

This past week there were 130 new active attached listings in the Vancouver West Region with 58 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 58 new active attached listings on the Westside were distributed as follows:

University (UL) : 6
South Granville (SG) : 1
South Cambie (SC) : 1
Quilchena (QU) : 4
Point Grey (PG) : 3
Marpole (MR) : 2
Mount Pleasant (MP) : 1
Kitsilano (KT): 14
Kerrisdale (KE): 5
False Creek (FC) : 6
Fairview (FA) : 12
Cambie (CA) : 3

The Westisde neighbourhoods accounted for 58 : 130 or 45% of overall Vancouver West attached new listings from May 19th – May 25th.

This past week there were 155 sold attached listings in the Vancouver West Region with 76 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 76 sold listings on the Westside were distributed as follows:

University (UL) : 10
S.W. Marine (SW) : 1
Shaughnessy (SH) : 1
South Cambie (SC) : 4
Quilchena (QU) : 3
Point Grey (PG) : 3
Oakridge (OA) : 1
Mount Pleasant (MP) : 3
Marpole (MR) : 6
Kitsilano (KT) : 15
Kerrisdale (KE) : 3
False Creek (FC) : 6
Fairview (FA) : 17
Dunbar (DU) : 1
Cambie (CA) : 2

The Westside neighbourhoods accounted for 76 : 155 or 49% of overall Vancouver West attached solds from May 19th – May 25th.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident?  Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

We have compiled sales and listings statistics for the period running from May 19th to May 25th, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us.  We witnessed another notable drop in new listing supply this past week; down to 130 new listings from 187 new listings the previous week, which demonstrated a ~30% supply decrease.  US and foreign buyer activity has been increasing recently as we have been working with numerous buyers out of California, Florida, and China with more coming in daily interested in Canada’s insulated banking system, competitive financing options, and relatively low Vancouver prices.  April and May have historically been quite busy periods for our markets, and we anticipate an increase in both listing and sales activity through mid-June prior to a predictable lull in the later summer months.  Buyer activity has continued to increase as we witness more multiple offer situations.   Transaction volume numbers have remained strong, and with interest rates looking to remain low in the interim we expect a very competitive summer for our markets.

Listing versus Sales update for May 19th – May 25th

130 new listings in the Vancouver West Region with 72 (55%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 33 (45%)
• Coal Harbour: 13 (18%)
• West End: 17 (24%)
• False Creek North: 9 (13%)

TOTAL : 72

155 total sales in the Vancouver West Region with 79 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 26 (30%)
• West End: 25 (29%)
• Coal Harbour: 6 (7%)
• False Creek North: 22 (25%)

TOTAL : 87

Sales volume continued to demonstrate further stability over the first quarter 2009, remaining strong, moving from 157 sales to 155. Of note is the continual movement of the downtown market towards equilibrium as sales versus new listings have remained in the 1 : 1 ratio range; indicating improving market fundamentals (notably a healthy supply versus demand dynamic). We expect stronger sales movement to continue through late-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [157 : 177] ‘sales to listings’ or 89% saturation – very competitive financing options, and a slight drawback on the supply side have led to a much tighter downtown market!

If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!

Vancouver Realty Online

We would like to present ‘Westside Detached Stat Package’ for the week of May 11th – May 19th.

The detached market on the Westside continued to perform well below seasonal norms as the recent recovery in the attached and apartment markets due to better financing and economic conditions has not yet reached the higher-end housing market on the Westside.  New listings moved from 62 new detached active listings in the Vancouver West Region to 67 – as the detached supply again failed to stand up to demand with 77 detached sales.  Attached and condominium markets tend to be what we refer to as ‘early indicators’, which should lead to further improvements in the detached market as 2009 continues.   The Westside detached market, more then anywhere else; has seen a real drop in supply in the face of a tighter market.  Buyer competition remains active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale.   The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave.

Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 67 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 7
Cambie (CA) : 4
Dunbar (DU) : 6
Kerrisdale (KE) : 4
Kitsilano (KT) : 11
MacKenzie Heights (MH) : 1
Marpole (MR) : 5
Point Grey (PG) : 6
Quilchena (QU) : 1
South Cambie (SC) : 1
South Granville (SG) : 9
Shaughnessy (SH) : 6
S.W. Marine (SW) : 4
University (UL) : 3

67 total detached listings on the Westside from May 11th – May 19th.

This past week there were 77 detached sold listings in the Vancouver West Region. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 77 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 7
Cambie (CA) : 3
Dunbar (DU) : 11
Kerrisdale (KE) : 9
Kitsilano (KT) : 8
MacKenzie Heights (MH) : 2
Marpole (MR) : 4
Oakridge (OA) : 1
Point Grey (PG) : 7
Quilchena (QU) : 5
South Cambie (SC) : 2
South Granville (SG) : 13
Shaughnessy (SH) : 3
S.W. Marine (SW) : 1
Southlands (SL) : 1

77 total detached sales on the Westside from May 11th – May 19th.

Of important note is the 1 : 1 listing to ratio number, which indicates nearly full supply saturation in many of the Westside markets.  Especially competitive are the Kitsilano midgrade market with listings north of W 4th Avenue in the $1,000,000 – $1,400,000 in demand as well as the luxury markets in Point Grey and Shaughnessy.  South Granville picked up with this week, and with 13 sales was our most active transaction market.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!