Vancouver Realty Online

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from August 30 – September 6 courtesy susankeevil.com…

Downtown Attached Market Update August 30 – September 6 :

Supply conditions continued to moderate this past week as the market reacted to lower-then-average sales figures through August, and a drop in general consumer confidence through the period.  This past week we saw 131 new attached listings (down for the second consecutive week from the 146 new attached listings in the previous week).  The downtown core fell notably with just 28 new attached listings this past week (down from 86 new attached listings in the previous period) with Coal Harbour and False Creek North remaining relatively stable with 16 and 12 new attached listings in each respective neighbourhood.  The bulk of the listing decrease thus came in the downtown core neighbourhoods (which include areas like Yaletown and Gastown), which is not particularly surprising given the supply density in the area.

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