Vancouver Realty Online

We would like to present our  ‘Westside Attached Stat Package‘, for the week of May 11th – May 19th.  New listing numbers demonstrated further stability this past week, moving from 94 new attached listings to 102 on the Westside.  Sales figures also continued to remain stable moving from 68 to 75 attached sales on the Westside.  Good financing conditions, relative fall in supply, and a more positive overall economic outlooks has led to the more stable market conditions.

This past week there were 197 new active attached listings in the Vancouver West Region with 102 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 102 new active attached listings on the Westside were distributed as follows:

University (UL) : 6
S.W. Marine (SW) : 1
Southlands (SL) : 1
Shaughnessy (SH) : 1
South Granville (SG) : 2
Quilchena (QU) : 3
Point Grey (PG) : 12
Marpole (MR) : 5
Mount Pleasant (MP) : 4
Kitsilano (KT): 27
Kerrisdale (KE): 5
False Creek (FC) : 5
Fairview (FA) : 23
Dunbar (DU) : 2
Cambie (CA) : 5

The Westisde neighbourhoods accounted for 102 : 197 or 52% of overall Vancouver West attached new listings from May 11th – May 19th.

This past week there were 158 sold attached listings in the Vancouver West Region with 75 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 75 sold listings on the Westside were distributed as follows:

University (UL) : 5
South Granville (SG) : 1
South Cambie (SC) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 1
Mount Pleasant (MP) : 5
Marpole (MR) : 4
Kitsilano (KT) : 28
Kerrisdale (KE) : 3
False Creek (FC) : 2
Fairview (FA) : 17
Cambie (CA) : 2

The Westside neighbourhoods accounted for 75 : 158 or 47% of overall Vancouver West attached solds from May 11th – May 19th.

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 11th to May 19th, 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. Listing activity continued to demonstrate relative improvement this Spring, as new product selection increased during the past week; up to 197 from 177, which demonstrated a ~10% supply increase over the previous period.  The West End and Downtown core remained busy in both listing and sales this past week, and a new transaction volume bench-mark was set for Fals Creek North with 20 sales.  Buyer activity has continued to increase as we witness more multiple offer situations.   This market is mostly defined by a real drop in supply (down nearly 40% from last year at this time), and heightened competition due to great financing options and an excess in demand.

Listing versus Sales update for May 11th – May 19th

197 new listings in the Vancouver West Region with 95 (48%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 51 (54%)
• Coal Harbour: 13 (14%)
• West End: 24 (25%)
• False Creek North: 7 (7%)

TOTAL : 95

158 total sales in the Vancouver West Region with 83 (53%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 37 (45%)
• West End: 18 (21%)
• Coal Harbour: 8 (10%)
• False Creek North: 20 (24%)

TOTAL : 83

Sales volume continued to demonstrate further stability over the first quarter 2009, remaining strong, moving from 157 sales to 158. Of note is the continual movement of the downtown market towards equilibrium as sales versus new listings have now moved very close to a 1 : 1 ratio; 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 [158 : 197] ‘sales to listings’ or 80% supply 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

#603 – 1001 Homer St. (The Bentley)

Listed at $498,000

Fantastic 2-bedroom plus den floor plan with great space, over-height ceilings, and a designer kitchen. Live in the Bentley! One of Yaletown’s premier concrete, high-rise apartment complexes. This unit offers fantastic value, and feels larger then it’s given 872 square feet!

Please click HERE for Google maps, photographs, and in depth information on this property!

2749 W 2nd Ave. (Kitsilano)

Listed at $1,435,000

Your DREAM HOME in Kits, north of 4th. Renovated 2446 sq ft 3 bdrm/den character home just 2 blocks from the beach. This gem also includes a legal 2 bdrm garden suite rented at $1550 month. Simply nothing to do but move in and enjoy.

First Showing Agents Open May 19th 10-Noon

Please click HERE for Google maps, photographs, and in depth listing information.