Vancouver Realty Online

We are proud to present our Westside market reports for the period running from June 28 – July 5 courtesy susankeevil.com…

Westside Vancouver Attached Report June 28 – July 5:

Attached listing activity trended downwards across the Westside this past week as we moved into the traditionally ‘low’ Summer periods; a season marked by lower listing figures, sales softening, and tons of vacation time!  We saw 176 new attached listings across the Westside (down notably from the 200-250 new attached listings we had been seeing previously); University remained a very active neighbourhood with 17 new attached listings, well Kitsilano and Fairview also continued to post strong supply numbers with 13 new attached listings in each neighbourhood.  The Westside markets accounted for 72 new attached listings (or roughly 41% of all Vancouver West attached listings); a relatively strong showing considering the seasonal norms (though no where near the highs we’ve seen in the first two quarters of 2010).

Please click HERE for the full article.

Westside Vancouver Detached Report June 28 – July 5:

The summer period is traditional a slow one for the Westside neighbourhoods with much of the family demographic taking vacation time, and preferring to wait until the more traditional fall seasons to list many detached homes.  As such, we saw a notable drop in new detached listing supply this week with just 43 new detached listings across the Westside (compared to 70-80 new listing range in the previous months).  Shaughnessy and South Granville posted the top numbers with 7 new detached listings and 6 new detached listings respectively.  Most other neighbourhoods posted more moderate listing supply with a median supply of approximately 3.5 new listings in each neighbourhood.

Please click HERE for the full article.