Westside Vancouver Attached Property Market Update : May 19th – May 25th

Posted by skeevil on May 25, 2009
Market Reports, Susan's Blog, Westside

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!

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