Vancouver Realty Online

We are proud to present our Westside market reports for the period running from July 4th – July 11th courtesy susankeevil.com…

Westside Vancouver Attached Report July 4th – July 11th:

Attached supply recovered this week after declining sharply in the previous period; we saw 124 new attached listings on the Westside this week (up from the 73 new attached listings we had seen previously), which accounted for 46% of the aggregate 269 new attached listings across Vancouver West (the Westside posted a lower share of the overall listing increase this week as the downtown neighbourhoods accounted for the bulk of the listing jump regionally). Kitsilano and Fairview made up the majority of our increase this week with 24 new attached listings in Kitsilano (up from the 12 new attached listings we saw last week), and 31 new attached listings in Fairview (up from the 15 new attached listings we saw previously). When combined this two neighbourhoods accounted for 44% of all attached listing activity on the Westside, with the University neighbourhood also making up a signficiant portion with 22 new attached listings this week. Also of note, as an abnormally busy week in the Marpole area where we saw 10 new attached listings (up from 5 new attached listings last week).

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Westside Vancouver Detached Report July 4th – July 11th:

Detached sales volumes also trended upwards this week after declining in the previous period, we saw 42 confirmed detached sales this week (up from the 34 confirmed detached sales we saw previously), with South Granville leading the charge with 7 confirmed detached listings (a slight drop from the 9 confirmed detached sales in the neighbourhood last week).  Overall, the sales gains were quite well distributed with a number of neighbourhoods posting steady sales activity; areas such as Point Grey (5 confirmed detached sales), Dunbar (6 confirmed detached sales), and Kitsilano (4 confirmed detached sales) continued to post relatively stable, if not overwhelming, sales figures this week.  Our sales to listing ratio actually decreased this week due to a more pronounced increase in new listings versus sales volumes as we saw 42 confirmed detached sales to 88 new detached listings for a 48% detached saturation rating on the Westside (a fall from the 52% number we saw last week).

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We are proud to present our Westside market reports for the period running from June 27th – July 4th courtesy susankeevil.com…

Westside Vancouver Attached Report June 27th – July 4th:

Happy 4th of July to our American readers! Westside attached supply took a tumble this week after holding steady for the last half of June; we saw 73 new attached listings across the Westside neighbourhoods this week (down from the 106 new attached listings we saw previously), which accounted for roughly 43% of the overall 168 new attached listings across Vancouver West (down from the 51% figure we saw the Westside claim last week).  As such, the Westside neighbourhoods accounted for the bulk of the listing decrease this week, though downtown also saw listing supply trend downwards.  High-density neighbourhoods Kitsilano and Fairview thus posted lower-then-average numbers this week with 12 new attached listings in Kitsilano, and 15 new attached listings in Fairview. False Creek saw a relatively strong week with 9 new attached listings, and University continued to post healthy numbers in it’s typical ‘busy season’ at the conclusion of the school year with 15 new attached listings.

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Westside Vancouver Detached Report June 27th – July 4th:

Westside detached sales volume also took a dip this week after holding steady through the end of June; we saw 34 confirmed detached sales across all neighbourhoods in this period (down from the 53 confirmed detached sales we saw previously). Dunbar led the way as the most popular neighbourhood amongst detached buyers with 7 confirmed detached listings this week, well Point Grey (5 confirmed detached listings) and South Granville (5 confirmed detached listings) also had above-average weeks relative to the other Westside neighbourhoods.  Our sales to listing ratio dipped this week as listing fingers declined at a greater pace then confirmed sales figures, we saw 34 confirmed detached sales to 65 new detached listings for a detached saturation rating of 52% across the Westside (a fall from the 62% figure we saw last week).

Please click HERE for the full article.