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.

Please click HERE for the full article.

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.