Westside Vancouver Attached Property Market Update : August 4th – August 11th

Posted by skeevil on August 11, 2009
Market Reports, Susan's Blog, Westside

We would like to present our  ‘Westside Attached Stat Package‘, for the week of  August 4th – August 11th.  New listing numbers rebounded in the face of late-summer lulls this past week across all of Vancouver West.  We saw 68 new attached listings on the Westside this period;  up from the 57 new attached listings the previous week.  Sales transactions, however;  continued their marked fall, with 44 attached sales on the Westside (down from 58 the previous week to mark a second consecutive week of weakened sales activity).   The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), and thus the drop in activity can, on the majority, be attributed to our regular cycle.   In following with the regular Vancouver market cycles we should see a continued lull through the last three weeks of August prior to a recovery in the early-Fall periods as we inch closer to the Olympics.

This past week there were 152 new active attached listings in the Vancouver West Region with 68 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 68 new active attached listings on the Westside were distributed as follows:

University (UL) : 8
S.W. Marine (SW) : 1
Southlands (SL) : 1
Shaughnessy (SH) : 1
Point Grey (PG) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 3
Kitsilano (KT): 18
Kerrisdale (KE): 2
False Creek (FC) : 4
Fairview (FA) : 26
Cambie (CA) : 1

The Westisde neighbourhoods accounted for 68 : 152 or 45% of overall Vancouver West attached new listings from August 4th – August 11th.

This past week there were 86 sold attached listings in the Vancouver West Region with 44 (down from 58 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 44 sold listings on the Westside were distributed as follows:

University (UL) : 4
S.W. Marine (SW) : 1
South Cambie (SC) : 1
Point Grey (PG) : 1
Mount Pleasant (MP) : 3
Kitsilano (KT) : 16
Kerrisdale (KE) : 1
False Creek (FC) : 1
Fairview (FA) : 11
Cambie (CA) : 5

The Westside neighbourhoods accounted for 44 : 86 or 51% of overall Vancouver West attached solds from August 4th – August 11th.

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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