Vancouver Realty Online

We would like to present ‘Westside Detached Stat Package’ for the week of September 1st – September 8th.

The Westside Detached market continued to demonstrate rather sluggish sales figures during the first week of September.  Sales transaction volume fell for the second consecutive week, well new listing supply remained relatively strong.  New listings numbers moved to 63 new detached active listings in the Vancouver West Region;  down from 67 the previous week. We saw 40 detached sales (down from 53 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 especially active in Kitsilano, Dunbar, and Point Grey.  As such, 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.  Late summer tends to be a rather ‘down time’ for our detached markets due to family vacations, and relativly instability prior to the onset of the school year in September.

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 63 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 2
Cambie (CA) : 7
Dunbar (DU) : 7
Kerrisdale (KE) : 5
Kitsilano (KT) : 9
MacKenzie Heights (MH) : 2
Marpole (MR) : 5
Oakridge (OA) : 1
Point Grey (PG) : 6
Quilchena (QU) : 2
Shaughnessy (SH) : 3
Southlands (SL) : 1
South Cambie (SC) : 5
South Granville (SG) : 7
University (UL) : 1

63 total new detached listings on the Westside from September 1 – September 8.

This past week there were 40 detached sold listings (a drop compared to the 53 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 40 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 4
Cambie (CA) : 1
Dunbar (DU) : 8
Kerrisdale (KE) : 3
Kitsilano (KT) : 6
Mackenzie Heights (MH) : 1
Marpole (MR) : 3
Oakridge (OA) : 1
Point Grey (PG) : 1
Quilchena (QU) : 2
South Cambie (SC) :  2
South Granville (SG) : 3
Shaughnessy (SH) : 2
Southlands (SL) : 1
S.W. Marine (SW) : 1
University (UL) : 1

40 total detached sales on the Westside from September 1 – September 8.

New listing supply ended on a relatively strong note, well we saw a notable drop off in confirmed sales to end August.  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 relatively stable market through October prior to a resurgence in the 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  September 1st – September 8th.  The Westside attached market took a step back over the first week of September, with a sizable drop in both new listing activity and confirmed sales.  We saw 59 new attached listings on the Westside this period;  down from the 91 new attached listings the previous week.  Sales transactions continued to stumble for the second straight week; with 43 attached sales on the Westside (down from 65 the previous week).   The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside); so a lower performance from the end of August through mid-September is not without precedent.   In following with the regular Vancouver market cycles we should see the market begin to pickup as the Summer season ends, and consumers get back to business.

This past week there were 145 new active attached listings in the Vancouver West Region with 59 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 59 new active attached listings on the Westside were distributed as follows:

University (UL) : 9
South Cambie (SC) : 1
Shaughnessy (SH) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 7
Kitsilano (KT): 13
Kerrisdale (KE): 2
False Creek (FC) : 2
Fairview (FA) : 14
Cambie (CA) : 1

The Westisde neighbourhoods accounted for 59 : 145 or 41% of overall Vancouver West attached new listings from September 1st – September 8th.

This past week there were 106 sold attached listings in the Vancouver West Region with 43 (down from 65 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 43 sold listings on the Westside were distributed as follows:

University (UL) : 7
Southlands (SL) : 1
Shaughnessy (SH) : 3
Quilchena (QU) : 1
Point Grey (PG) : 2
Marpole (MR) : 2
Kitsilano (KT) : 10
Kerrisdale (KE) : 4
False Creek (FC) : 2
Fairview (FA) : 1

The Westside neighbourhoods accounted for 43 : 106 or 41% of overall Vancouver West attached solds from September 1st – September 8th.

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!