We would like to present ‘Westside Detached Stat Package’ for the week of June 8th – June 15th.
The Westside detached market continued to perform fairly statically through the first quarter of 2009; with quite a flat supply and demand dynamic. New listings moved from 79 new detached active listings in the Vancouver West Region to 70 – as we continued to see nearly full supply saturation with 60 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 70 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 1
Cambie (CA) : 3
Dunbar (DU) : 9
Kerrisdale (KE) : 5
Kitsilano (KT) : 7
MacKenzie Heights (MH) : 2
Marpole (MR) : 9
Oakridge (OA) : 6
Point Grey (PG) : 8
Quilchena (QU) : 4
South Granville (SG) : 8
Southlands (SL) : 1
S.W. Marine (SW) : 4
University (UL) : 2
70 total new detached listings on the Westside from June 8th – June 15th.
This past week there were 60 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 60 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 3
Cambie (CA) : 8
Dunbar (DU) : 12
Kerrisdale (KE) : 3
Kitsilano (KT) : 6
Marpole (MR) : 3
Oakridge (OA) : 1
Point Grey (PG) : 6
Quilchena (QU) : 3
South Granville (SG) : 3
Shaughnessy (SH) : 5
S.W. Marine (SW) : 6
University (UL) : 1
60 total detached sales on the Westside from June 8th – June 15th.
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. Dunbar saw a real increase on the supply side over the past period with 12 new detached listings.
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!
Tags: arbutus, cambie, dunbar, fairview, kerrisdale, Kitsilano, mackenzie heights, mount pleasant, point grey, shaughnessy, south granville, Westside
We would like to present our ‘Westside Attached Stat Package‘, for the week of June 8th – 15th. New listing numbers peaked slightly this past week as we witnessed a marginal decline in new listing activity. We saw 86 new attached listings on the Westside this period; down slightly from the 103 new attached listings the previous week. Sales transactions also slowed down somewhat; moving from 93 to 75 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. As per usual we expect a slight seasonal lull through the late-Summer months as people begin to take vacations, and enjoy the weather!
This past week there were 207 new active attached listings in the Vancouver West Region with 86 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 86 new active attached listings on the Westside were distributed as follows:
University (UL) : 17
South Cambie (SC) : 1
Shaughnessy (SH) : 1
Quilchena (QU) : 3
Point Grey (PG) : 2
Oakridge (OA) : 2
Marpole (MR) : 6
Mount Pleasant (MP) : 4
Kitsilano (KT): 21
Kerrisdale (KE): 5
False Creek (FC) : 3
Fairview (FA) : 17
Dunbar (DU) : 3
Cambie (CA) : 1
The Westisde neighbourhoods accounted for 86 : 207 or 42% of overall Vancouver West attached new listings from June 8th – June 15th.
This past week there were 157 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) : 9
South Cambie (SC) : 1
Quilchena (QU) : 5
Point Grey (PG) : 1
Marpole (MR) : 5
Mount Pleasant (MP) : 3
Kitsilano (KT) : 15
Kerrisdale (KE) : 4
False Creek (FC) : 4
Fairview (FA) : 24
Cambie (CA) : 4
The Westside neighbourhoods accounted for 75 : 157 or 48% of overall Vancouver West attached solds from June 8th – June 15th.
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!
Tags: arbutus, cambie, dunbar, fairview, kerrisdale, Kitsilano, mackenzie heights, mount pleasant, point grey, shaughnessy, south granville, Westside
We have compiled sales and listings statistics for the period running from June 8th to June 15th, 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. This past week (and the month of May in general) was marked by an increase in market activity (both listings and sales) as well as a further demonstration of market stability and equilibrium; with 207 new listings (down slightly from 264 new listings the previous week). 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. Many lenders and mortgage specialists have been predicting (quite rightly) a forthcoming increase in lending rates as our economy begins its recovery. As expected we will most likely see the typical seasonal lull that occurs through July and August prior to the market picking itself up again in the early fall months.
Listing versus Sales update for June 8th – June 15th
207 new listings in the Vancouver West Region with 121 (58) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 121
157 total sales in the Vancouver West Region with 82 (52%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 82
Sales volume lagged a bit over the past week, moving from 193 sales to 157. Supply has begun to balance out with the excess demand as we see a slightly higher degree of new product being introduced to the downtown market. We expect stronger sales movement to continue through early-Summer prior to the aforementioned light seasonal lulls. As stated previously there has been an influx of buyer activity over the past two months, 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 : 207] ‘sales to listings’ or 76% saturation – stronger market fundamentals, a return to supply / demand equilibrium, and an influx of buyer activity has been leading our recovery period!
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
Tags: coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, townhomes, vancouver, west end
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