We are proud to present our Westside market reports for the period running from January 25 - February 2 courtesy susankeevil.com…
Westside Vancouver Attached Report January 25 – February 2 :
The Westside neighbourhoods continued to demonstrate strong sales trends this period as confirmed sales transactions posted higher average numbers for the third consecutive week. Vancouver West as a whole saw 139 confirmed sales (compared to 83 in the previous week) with the Westside neighbourhoods accounting for 48 confirmed transactions or 36% of all attached sales in Vancouver West (up from 25 in the period running fom January 18th – January 25th). Kitsilano continued to lead the way with 15 confirmed sales or approximately 31% of all Westside attached transactions.
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Westside Vancouver Detached Report Jan 25 - February 2 :
Despite strong demand in many areas (notably Dunbar, Point Grey, and Arbutus) our sales to listing ratio remains skewed towards the supply side with a sales to listings ratio of 37 : 84 or a 44% saturation rate. It is important to look at the placement of the sales activity, however; as we see outliers like South Granville where we witnessed 17 new detached listings to only 1 detached sale as buyers continue to focus on core markets, and are tentative to move further south from the city centre.
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