Vancouver Realty Online

We are proud to present our Westside market reports for the period running from August 22nd – August 29th courtesy susankeevil.com…

Westside Vancouver Attached Report August 22nd – August 29th:

Attached listing supply trended downwards slightly this week, we saw 86 new attached listings (down from 91 new attached listings previously), which subsequently accounted for 53% of the aggregate 162 new attached listings we saw across Vancouver West.  The dense downtown core neighbourhoods (including Gastown and downtown proper) led the way on the supply-side this week with 36 new attached listings (compared to 25 new attached listings last week).  Yaletown also continued to post relatively strong listing numbers with 21 new attached listings (a decrease from the 30 new attached listings we had seen previously). Coal Harbour took a step back after posting very strong supply numbers last week, as we saw 11 new attached listings in this period (a drop from the 22 new attached listings we had seen last week).

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Westside Vancouver Detached Report August 22nd – August 29th:

Detached sales volumes, however; trended downwards this week after also recovering the previous period.  We saw 29 confirmed detached sales across the Westside in this period (compared to the 35 confirmed detached sales we saw previously). Kitsilano and Arbutus were the strongest neighbourhoods on the sales-side this week, with 5 confirmed detached sales in Kitsilano (up from 3 confirmed detached sales), and 5 confirmed detached sales in Arbutus (down slightly from the 6 confirmed detached sales we’d seen last week). The remainer of the Westside neighbourhoods posted weaker results, with Point Grey registering the third strongest week with 3 confirmed detached sales (compared to the 4 confirmed detached sales we saw last week).  Our sales to listing ratio subsequently weakened this week on the back of improving listing figures and declining sales volumes; we saw 29 confirmed detached sales to 65 new detached listings for a detached saturation rating of approximately 45% across the Westside (a fall from the 60% figure we saw last week).

Please click HERE for the full article.