Vancouver Realty Online

We are proud to present our Westside market reports for the period running from March 23 – March 30 courtesy susankeevil.com…

Westside Vancouver Attached Report March 23 – March 30:

Listing supply fell back after surging to seasonal highs in the previous period with 297 new attached listings across Vancouver West (compared to 358 new attached listings in the previous period). The Westside neighbourhoods accounted for a slightly larger share of new listing supply with 129 new attached listings on the Westside or roughly 43% of overall Vancouver West supply. Kitsilano and Fairview continued to account for the ‘lions share’ of new attached listing supply on the Westside with 39 and 40 new attached listings respectively.

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Westside Vancouver Detached Report March 23 – March 30 :

New detached listing supply on the Westside remained fairly stable with 81 new detached listings across the Westside neighbourhoods (compared to similar listing totals over the previous two weeks). Marpole posted strong supply numbers this past week with 11 new detached listings, well Dunbar and Cambie continued to also demonstrate strong supply figures with 7 new listings in each neighbourhood.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from March 23 – March 30 courtesy susankeevil.com…

Downtown Attached Market Update March 23 – March 30 :

Listing supply calmed down this past week, posting 297 new attached listings across all of Vancouver West (compared to an annual high of 358 new attached listings in the previous period). The downtown core fell from 133 new active attached listings to 96 new attached listings with False Creek North, Coal Harbour, and the West End also posting lower average listing figures after three consecutive weeks of growth following the Olympics. Though listing supply has decreased, it still remains relatively high if we look at previous seasonal trending, and since sales growth has remained relatively static for the past new week we may have longer to wait before we see the excess supply absorbed into the market. The downtown neighbourhood accounted for roughly 57% of all new listing activity across Vancouver West (down slightly from the 61% we saw in the previous week).

Please click HERE for the full article.