Vancouver Realty Online

We are proud to present our Westside market reports for the period running from February 14th – February 21st courtesy susankeevil.com…

Westside Vancouver Attached Report February 14th – February 21st:

Attached supply conditions trended upwards this week after holding steady in the previous period, we saw 241 new attached listings across Vancouver West this week (up from 228 new attached listings last week), with 112 new attached listings or roughly 46% falling in the Westside neighbourhoods. The high-density Kitsilano and Fairview neighbourhoods again posted the highest supply numbers with 28 new attached listings in Kitsilano and 27 new attached listings in Fairivew; well the Univeristy area also continued to be quite active with 24 new attached listings. Though the Westside accounted for a slightly larger ratio of new attached product this week, supply conditions remained a bit more restrained when compared to the downtown neighbourhoods.

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Westside Vancouver Detached Report February 14th – February 21st:

Westside detached sales conditions took a giant leap forward this week after posting decidingly modest figures through the first quarter of 2011; we saw 77 confirmed detached sales this week (up from 47 confirmed detached sales in the previous period), which accounted for our largest gain so far this quarter. Dunbar and South Granville were the two most active areas in regards to sales with 13 confirmed detached sales in Dunbar, and 11 confirmed detached sales in South Granville.  Dunbar has been a hot market for buyers for around the last 6-8 months and has remained so recently.  Kitsilano (5 confirmed detached sales), Kerrisdale (6 confirmed detached sales), Shaughnessy (8 confirmed detached sales), and Point Grey (8 confirmed detached) sales were also amongst the neighbourhoods that maintained or increased their sales numbers this past week.  Our sales to listing ratio moved much closer to equilibrium this week as sales figures trended sharply upwards well listing figures depreciated; we saw 77 confirmed detached sales to 90 new detached listings for a saturation rating of 86% across the Westside (up from 47% last week).

Please click HERE for the full article.

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 14th – February 21st courtesy susankeevil.com…

Downtown Attached Market Update February 14th – February 21st :

Downtown attached listing conditions leveled off this week after trending upwards in the previous period; we saw 129 new attached listings across downtown (down slightly from 135 new attached listings last week), which accounted for 54% of the overall 241 new attached listings across Vancouver West (down from the 59% share we saw previously).  The downtown core neighbourhoods continued to demonstrate strong supply conditions as we saw 78 new attached sales across Yaletown, Gastown, and downtown proper (up from 72 new attached listings last week). Coal Harbour saw the bulk of the supply decrease (slight as it may have been) with 10 new attached listings this week (down from 17 new attached listings in the previous period) with False Creek North holding firm at 16 new attached listings (up from 15 new attached listings in the previous period).

Please click HERE for the full article.

“Vancouver topped the list of the world’s most liveable cities for the fifth straight year, while Melbourne claimed second place from Vienna and Australian and Canadian cities dominated the list’s top 10 spots.”

In the annual survey by the Economist Intelligence Unit, the Canadian west coast city and 2010 Winter Olympics host scored 98 percent on a combination of stability, health care, culture and environment, education, and infrastructure — a score unchanged from last year.

It has topped the list from 2007.

Although Melbourne pipped the Austrian capital for silver medal, there was no other major change near the top of the list of 140 cities worldwide. Auckland, New Zealand, came in 10th.

“Mid-sized cities in developed countries with relatively low population densities tend to score well by having all the cultural and infrastructural benefits on offer with fewer problems related to crime or congestion,” said Jon Copestake, editor of the report, in a statement.

Please click HERE to see the full Reuters results.

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 7th – February 14th courtesy susankeevil.com…

Downtown Attached Market Update January 31st – February 7th :

Confirmed attached sales volume remained quite stable for the second consecutive week (after trending upwards towards late-January) as we saw 52 confirmed attached sales downtown this week (compared to 53 confirmed attached sales in the previous period), which accounted for 40% of the aggregate 107 confirmed attached sales across Vancouver West (down from 50% last week).  The dense downtown core areas (including Yaletown, Gastown, and downtown proper) continued to lead the way with 28 confirmed attached sales, which equated to around 54% of all sales activity in the downtown neighbourhoods.  There remains a lack of mid-level supply as lower-tier two-bedrooms, and luxury one-bedrooms between the $400,000 – $550,000 ranges remained in demand amongst buyers.  Coal Harbour continued to post the weakest sales numbers downtown with 3 confirmed attached sales this week (compared to 4 confirmed sales previously). Our sales to listing ratio remained tilted towards the supply side this week as we saw 52 confirmed attached sales to 135 new attached listings for a saturation rating of 39%.

Please click HERE for the full article.