Vancouver Realty Online

We are proud to present our Westside market reports for the period running from August 15th – August 22nd courtesy susankeevil.com…

Westside Vancouver Attached Report August 15th – August 22nd:

Attached listing supply continued to trend downwards across the Westside this week as we settled into the slower late-August period prior to the usual bounce-back in the early-Fall season; we saw 69 new attached listings across the Westside this week, which accounted for roughly 43% of all new attached listing activity over all Vancouver West neighbourhoods.  High-density attached neighbourhoods Kitsilano and Fairview continued to lead the way this week on the listing side with 14 new attached listings in Kitsilano (compared to 15 new attached listings previously) and 18 new attached listings in Fairview (up from 16 new attached listings).  University also continued to post high listing numbers as we inched closer to the start of the school year, with 12 new attached listings (down a bit from the 14 new attached listings we saw previously).  The remaining Westside neighbourhoods posted in the single-digit supply numbers, with Kerrisdale the best of the bunch with 8 new attached listings.

Please click HERE for the full article.

Westside Vancouver Detached Report August 15th – August 22nd:

Detached sales volumes also showed growth this week across the Westside neighbourhoods after posting lower figures through the first two weeks of August; we saw 35 confirmed detached sales on the Westside (a jump from the 22 confirmed detached sales we had seen in the previous period). Distribution was fairly even across most neighbourhoods on the sales-side with many areas posting comparable numbers: Point Grey (5 confirmed detached sales), Dunbar (5 confirmed detached sales), Kerrsidale (5 confirmed detached sales), and Shaughnessy (4 confirmed detached sales) led the way vis-a-vis sales volumes.  Consequently, our sales to listing ratio also improved this week on the back of a jump in our sales numbers (with a slightly less pronounced increase in new listings); we saw 35 confirmed detached sales to 58 new detached listings for a Westside detached saturation rating of approximately 60% for the week (an increase from the 45% figure we saw previously).

Please click HERE for the full article.