Vancouver Realty Online

We would like to present ‘Westside Detached Stat Package’ for the week of July 20th – July 27th.

The Westside detached market continued to demonstrate a fairly static market dynamic this past week, as new listing and sales figures remained quite close to what we have to come identify as ‘norms’ over the first two quarters of 2009; new listings moved from 66 new detached active listings in the Vancouver West Region to 77 (a return to the level we’ve come to expect through the second quarter) – sales transactions saw a bit of a bump this past week with 60 detached sales (to 43 the previous week).  Not surprisingly, performance should remain relatively static through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010.   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 77 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 6
Cambie (CA) : 7
Dunbar (DU) : 7
Kerrisdale (KE) : 6
Kitsilano (KT) : 4
MacKenzie Heights (MH) : 1
Marpole (MR) : 4
Oakridge (OA) : 3
Point Grey (PG) : 5
Quilchena (QU) : 3
Shaughnessy (SH) : 9
South Cambie (SC) : 1
South Granville (SG) : 12
Southlands (SL) : 4
University (UL) : 5

77 total new detached listings on the Westside from July 20th – July 27th.

This past week there were 60 detached sold listings (static compared to the 43 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 60 detached sold listings on the Westside were distributed as follows:

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

60 total detached sales on the Westside from July 20th – July 27th.

The Westside demonstated some moderate, unexpected growth on both the sales transaction and listing supply sides to end July.  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!

We would like to present our  ‘Westside Attached Stat Package‘, for the week of  July 20th – July 27th.  New listing numbers remained relatively flat; though quite steady, as we saw 86 new attached listings on the Westside this period;  up a bit from the 76 new attached listings the previous week (a second consecutive week of positive supply increases).  Sales transactions also continued to demonstrate short-run growth, with 86 attached sales on the Westside (up from 67 the previous week).  The second quarter in 2009 was marked by a return to stability in many of the Westside neighbourhoods, with a solid sales versus listing dynamic.  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 221 new active attached listings in the Vancouver West Region with 96 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 96 new active attached listings on the Westside were distributed as follows:

University (UL) : 12
S.W. Marine (SW) : 1
South Granville (SG) : 1
South Cambie (SC) : 1
Quilchena (QU) : 5
Point Grey (PG) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 1
Kitsilano (KT): 32
Kerrisdale (KE): 9
False Creek (FC) : 2
Fairview (FA) : 24
Cambie (CA) : 4
Arbutus (AR) : 1

The Westisde neighbourhoods accounted for 96 : 221 or 43% of overall Vancouver West attached new listings from July 20th – July 27th.

This past week there were 176 sold attached listings in the Vancouver West Region with 86 (up from 67 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 86 sold listings on the Westside were distributed as follows:

University (UL) : 8
S.W. Marine (SW) : 1
Shaughnessy (SH) : 3
South Cambie (SC) : 3
Quilchena (QU) : 4
Point Grey (PG) : 3
Oakridge (OA) : 3
Marpole (MR) : 2
Mount Pleasant (MP) : 6
Kitsilano (KT) : 24
Kerrisdale (KE) : 6
False Creek (FC) : 2
Fairview (FA) : 20
Cambie (CA) : 1

The Westside neighbourhoods accounted for 86 : 176 or 49% of overall Vancouver West attached solds from July 20th – July 27th.

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!