We would like to present ‘Westside Detached Stat Package’ for the week of June 29th – July 6th.
The Westside detached market continued to perform relatively slowly compared to historical norms with new listings moving from 58 new detached active listings in the Vancouver West Region to 49 – sales transactions also stayed relatively flat with 49 detached sales (to 56 last week). We expect a further seasonal slowdown during the mid-Summer months prior to a resurgence in Quarter 4 2009. 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 49 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 3
Cambie (CA) : 3
Dunbar (DU) : 4
Kitsilano (KT) : 5
MacKenzie Heights (MH) : 3
Marpole (MR) : 6
Oakridge (OA) : 2
Point Grey (PG) : 1
Quilchena (QU) : 3
Shaughnessy (SH) : 2
South Granville (SG) : 9
Southlands (SL) : 2
S.W. Marine (SW) : 2
University (UL) : 4
49 total new detached listings on the Westside from June 29th – July 6th.
This past week there were 43 detached sold listings (down from the 56 sold listings the previous week) 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 43 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 1
Cambie (CA) : 4
Dunbar (DU) : 6
Kerrisdale (KE) : 3
Kitsilano (KT) : 7
Mackenzie Heights (MH) : 3
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Point Grey (PG) : 3
Quilchena (QU) : 1
South Granville (SG) : 6
Shaughnessy (SH) : 1
University (UL) : 4
43 total detached sales on the Westside from June 26th – July 6th.
The Westside has slowed down marginally over the past couple of weeks as well-priced product has moved with little in the way of new supply to counter-act the sales volume. In addition, the mid-to-late Summer months tend to be particularly low-periods for the detached markets due to social factors (ie / summer vacation, etc.) and thus we anticipate a further flattening of the market over July and August prior to a resurgence in the early-Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.
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 29th – July 6th. New listing numbers remained below seasonal norms; though quite steady, as we saw 87 new attached listings on the Westside this period; down slightly from the 94 new attached listings the previous week. Sales transactions fell for the second straight week, with 87 attached sales on the Westside (down from 87 the previous week). Supply of attached product has continued to tighten on the Westside, following the detached market where the supply-side has seen lows since around mid-March. 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 193 new active attached listings in the Vancouver West Region with 87 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 87 new active attached listings on the Westside were distributed as follows:
University (UL) : 8
S.W. Marine (SW) : 1
South Cambie (SC) : 2
Shaughnessy (SH) : 1
South Granville (SG) : 1
Quilchena (QU) : 2
Point Grey (PG) : 4
Marpole (MR) : 4
Kitsilano (KT): 24
Kerrisdale (KE): 10
False Creek (FC) : 3
Fairview (FA) : 25
Cambie (CA) : 2
The Westisde neighbourhoods accounted for 87 : 176 or 49% of overall Vancouver West attached new listings from June 29th – July 6th.
This past week there were 176 sold attached listings in the Vancouver West Region with 87 (down from 93 last week) 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 87 sold listings on the Westside were distributed as follows:
University (UL) : 7
S.W. Marine (SW) : 1
Southland (SL) : 1
South Granville (SG) : 1
Quilchena (QU) : 6
Point Grey (PG) : 6
Oakridge (OA) : 2
Marpole (MR) : 3
Mount Pleasant (MP) : 4
Kitsilano (KT) : 20
Kerrisdale (KE) : 6
False Creek (FC) : 4
Fairview (FA) : 25
Dunbar (DU) : 1
The Westside neighbourhoods accounted for 87 : 176 or 49% of overall Vancouver West attached solds from June 29th – July 6th.
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 29th to July 6th, 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 193 new listings (down from 231 new listings the previous week), and 176 attached sales (down slightly from the 191 sales the previous week). We have continued to see a slight seasonal slowdown as we edge into July (as expected) though sales volume has remained relatively consistent over the past 4 weeks. The supply-side remains tight in many downtown markets, especially for mid-grade property in the $350,000 – $550,000 range.
Listing versus Sales update for June 29th to July 6th
193 new listings in the Vancouver West Region with 106 (54%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 106
176 total sales in the Vancouver West Region with 89 (51%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 89
Sales volume fell for the second straight week, moving from 191 sales to 176. The downtown core neighbourhoods witnessed the most drastic decrease in transactions as we ease into the mid-Summer months; a period where Vancouver tends to experience 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 [176 : 193] ‘sales to listings’ or 91% 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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