Vancouver Realty Online

We are proud to present our Westside market reports for the period running from January 10th – January 17th courtesy susankeevil.com…

Westside Vancouver Attached Report January 10th – January 17th:

Overall attached supply continued to trend upwards this week across Vancouver West as the markets recovered from a slow holiday period; we saw 183 new attached listings across Vancouver West this week (up from 154 new attached listings in the previous period) with 88 new attached listings or roughly 48% falling in the Westside neighbourhoods. The high-density areas of Kitsilano and Fairview again led the way with 21 and 16 new attached listings in each neighbourhood repsectively as these two areas accounted for around 42% of all attached listing supply on the Westside.  The University neighbourhood also had a strong week on the supply side with 15 new attached listings in the area.

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Westside Vancouver Detached Report January 10th – January 17th:

Westside detached supply continued to post gains this past week with 59 new detached listings (up from 44 new detached listings in the previous period) as sellers proceeded to meet excess demand caused by supply drops during late-December. Arbutus saw a large jump this week with 10 new detached listings well Kerrisdale and South Granville posted the secondest strongest supply conditions with 8 new detached listings in each neighbourhood.  High-demand areas Kitsilano and Point Grey continued to post modest supply conditions with 4 new detached listings in each neighbourhood, and periphery areas S.W. Marine and Southlands continued to account for a modest amount of detached supply with 2 and 0 new detached listing(s) in each neighbourhood respectively.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 3rd – January 10th courtesy susankeevil.com…

Downtown Attached Market Update January 3rd – January 10th :

We’re also not surprised to subsequently see a quite steep fall in confirmed sales volume in our first week following the Christmas holidays as supply had decreased at such a rate that many buyers were also forced to take the holidays off even if they preferred otherwise.  With new listing supply slowing to a crawl over the holidays we’ll need to wait for the new supply to affect the market prior to seeing a jump in confirmed sales volume as more product becomes available to our busy buyers. We saw 43 confirmed attached sales across Vancouver West this week (down from 80 confirmed attached sales in the previous recorded period) with 24 confirmed attached sales or roughly 56% falling in the downtown neighbourhoods.  The downtown core neighbourhoods (including Yaletown, Gastown, and downtown proper) and Coal Harbour accounted for the two highest amount of confirmed sales this past week with 11 confirmed attached sales in the downtown proper and 5 confirmed attached sales in Coal Harbour.  As mentioned, our sales to listing ratio was tilted towards buyers this week as new listing supply rushed to meet the post-holiday season and sellers lept to meet he opportunities offered by a supply shortage in late-December.  We saw 24 confirmed attached sales to 77 new attached listings across downtown, which represents a 31% saturation rating.

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We are proud to present our Westside market reports for the period running from January 3rd – January 10th courtesy susankeevil.com…

Westside Vancouver Attached Report December 13 – December 20:

We saw similar market trends across Vancouver West this week (both downtown and on the westside) as the traditionally busy listing period following the holidays saw a plethora of new supply options for buyers.  We saw 154 new attached listings across Vancouver West this week with 77 new attached listings or roughly 50% of them falling in the Westside neighbourhoods.  The high-density and traditionally busy neighbourhoods of Kitsilano and Fairview continued to lead the way on the supply side with 20 and 21 new attached listings in each neighbourhood respectively.  The University neighbourhood also came out of the gate strong with 12 new attached listings this week.

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Westside Vancouver Detached Report January 3rd – January 10th:

After declining sharply through mid-to-late December, Westside detached listing supply rebounded this past week with the strongest showing over the past month.  This is to be expected as many detached homeowners opt to wait through the holiday season prior to listing their homes, making January a traditionally busy period for detached home supply.  This week we saw 44 new detached listings across the Westside (up from just 17 new detached listings during the holidays).  Shaughnessy led the way with 6 new detached listings well Arbutus, Cambie, Dunbar, Kitsilano, and Mackenzie Heights were also among the leading neighbourhoods with 4 new detached listings in each neighbourhood respectively.  We saw a sellers market to end December with confirmed sales outpacing new supply, so it is not surprising we are now seeing the market address the lack of available property with a plethora of new product to start the New Year!

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