Greater Vancouver housing sales cooled off in April after moving at a red-hot pace the previous two months.

Canada’s third-largest metropolitan area saw residential sales of single-family detached, attached and condominium properties decline 21 percent to 3,225 year-over-year, according to the latest report from the Real Estate Board of Greater Vancouver. Sales were off 8.2 percent from March. The board attributed the April sales decline to a slowdown in condo sales.

The board’s benchmark Housing Price Index for all residential properties rose to $622,991 in April, up 5 percent from $593,419. The benchmark represents the sales price of a typical property within the market and is considered a more accurate reflection of prices.

A sales spurt of multimillion-dollar homes in some parts of Vancouver skewed the average sales price of a home nationally, pushing it up to $372,544 in April, according to the Canadian Real Estate Association.

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.

The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and
apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase
compared to March 2009 when 4,385 new units were listed, and a 52.1 per cent increase compared to February
2010 when 4,606 properties were listed on the Multiple Listing Service® (MLS®).

At 13,538, the total number of property listings on the Multiple Listing Service (MLS®) increased 19 per cent
in March compared to last month, but remains 7.6 per cent below this time last year.
“The total number of homes listed for sale on our MLS® is at its highest level in 10 months, which translates
into more options and variety for those looking to buy during the traditionally busy spring period,” Jake Moldowan,
REBGV president said.

Please click HERE for the full report.

Attached Report:

Vancouver West as a whole saw a notable decline in both listing and sales activity this past week with 163 new attached listings compared to 214 new listings in the previous period.  Despite the decline the Westside neighbourhoods remained relatively stable (with the downtown neighbourhoods accounting for much of the fall); as on the Westside we saw 55 new attached listing this week; a slight drop from the 59 in the previous period.

Please click HERE for the full report.

Detached Report

in the Westside detached market continued to tighten this past week with a second consecutive period of decreases.  There cotninues to be a lack of suply in the Kitsilano area, and little has been introduced to the market recently to satiate the demand in the Point Grey, Cambie, and Dunbar neighbourhoods.  This past week we saw the lowest amount of new listings since early 2009 with 23 new detached listings (down from 39 the previous week) on the Westside as all neighbourhoods remained in single digits as far as new listings were concenred.

Please click HERE for the full report.

The Westside Detached market posted low-to-average listing and sales figures for the second consecutive week after posting gains during the first two weeks of October.  Supply numbers continued to trend downwards, moving to 52 new detached active listings in the Vancouver West Region;  down from 55 the previous week. Confirmed sales transactions maintained their Quarter 4 2009 average pace; we saw 46 detached sales (down from the 47 the previous week).  Not surprisingly, sales performance should remain stable through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010.   Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey.  Sharp pricing and the advice of a Realtor remains paramount, however; as over-priced listings tend to struggle in today’s market conditions, with well-priced product moving quite quickly.

Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 52 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 3
Cambie (CA) : 5
Dunbar (DU) : 3
Kerrisdale (KE) : 4
Kitsilano (KT) : 5
MacKenzie Heights (MH) : 2
Marpole (MR) : 6
Mount Pleasant (MP) : 1
Oakridge (OA) : 1
Quilchena (QU) : 4
South Cambie (SC) : 1
South Granville (SG) : 11
Shaughnessy (SH) : 2
S.W. Marine (SW) : 4

52 total new detached listings on the Westside from October 20th – October 27th.

This past week there were 46 detached sold listings (compared to the 47 sold listings the previous week) in the Vancouver West Region. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 46 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 3
Cambie (CA) : 4
Dunbar (DU) : 5
Fairview (FA) : 1
Kerrisdale (KE) : 1
Kitsilano (KT) : 5
Mackenzie Heights (MH) : 3
Marpole (MR) : 1
Point Grey (PG) : 3
Quilchena (QU) : 5
South Cambie (SC) : 2
South Granville (SG) : 5
Shaughnessy (SH): 5
University (UL) : 3

46 total detached sales on the Westside from October 20th – October 27th.

New listing supply fell back down to quarterly averages after posting higher-then-average gains through early-October, well sales transactions continued along what we’ve come to identify as ‘average’ through the early Fall periods.   We anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

This past week there were 172 new active attached listings in the Vancouver West Region with 62 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 62 new active attached listings on the Westside were distributed as follows:

University (UL) : 16
Shaughnessy (SH) : 1
Point Grey (PG) : 2
Oakridge (OA) : 1
Marpole (MR) : 4
Mount Pleasant (MP) : 2
Kitsilano (KT): 14
Kerrisdale (KE) : 2
False Creek (FC) : 3
Fairview (FA) : 15
Cambie (CA) : 2

The Westisde neighbourhoods accounted for 62 : 172 or 36% of overall Vancouver West attached new listings from October 20th – October 27th.

This past week there were 123 sold attached listings in the Vancouver West Region with 66 (up from 59 last week) falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 66 sold listings on the Westside were distributed as follows:

University (UL) : 8
South Cambie (SC) : 2
Shaughnessy (SH) : 1
Quilchena (QU) : 3
Point Grey (PG) : 1
Oakridge (OA) : 4
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Kitsilano (KT) : 20
Kerrisdale (KE) : 1
False Creek (FC) : 3
Fairview (FA) : 16
Dunbar (DU) : 2
Cambie (CA) : 1

The Westside neighbourhoods accounted for 66 : 123 or 54% of overall Vancouver West attached solds from October 20th – October 27th.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

The Westside Detached market experienced a fall back  in new listings numbers; similar to late-September conditions, after rallying briefly the previous two weeks.  Supply numbers struggled, moving to 55 new detached active listings in the Vancouver West Region;  down from 81 the previous week. Confirmed sales transactions, however; maintained a pace we’ve identified as fairly average over the past two quarters of 2009; we saw 47 detached sales (down from the 48 the previous week).  Not surprisingly, sales performance should remain stable through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010.   Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey.  Sharp pricing and the advice of a Realtor remains paramount, however; as over-priced listings tend to struggle in today’s market conditions, with well-priced product moving quite quickly.

Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 55 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 6
Cambie (CA) : 6
Dunbar (DU) : 11
Kerrisdale (KE) : 2
Kitsilano (KT) : 5
MacKenzie Heights (MH) : 2
Marpole (MR) : 2
Oakridge (OA) : 2
Point Grey (PG) : 2
Quilchena (QU) : 2
South Granville (SG) : 6
Shaughnessy (SH) : 3
Southlands (SL) : 3
S.W. Marine (SW) : 3

55 total new detached listings on the Westside from October 13th – October 20th.

This past week there were 47 detached sold listings (compared to the 48 sold listings the previous week) in the Vancouver West Region. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 47 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 3
Cambie (CA) : 2
Dunbar (DU) : 7
Fairview (FA) : 1
Kerrisdale (KE) : 1
Kitsilano (KT) : 3
Mackenzie Heights (MH) : 3
Marpole (MR) : 5
Oakridge (OA) : 2
Point Grey (PG) : 5
Quilchena (QU) : 1
South Cambie (SC) : 1
South Granville (SG) : 7
Shaughnessy (SH): 3
University (UL) : 3

47 total detached sales on the Westside from October 13th – October 20th.

New listing supply experienced a rather dramatic drop across all neighbourhoods this past week, well sales transactions continued along what we’ve come to identify as ‘average’ through the early Fall periods.   We anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

This past week there were 198 new active attached listings in the Vancouver West Region with 86 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 86 new active attached listings on the Westside were distributed as follows:

University (UL) : 19
Shaughnessy (SH) : 2
South Cambie (SC) : 1
Quilchena (QU) : 2
Point Grey (PG) : 1
Oakridge (OA) : 2
Marpole (MR) : 3
Mount Pleasant (MP) : 12
Kitsilano (KT): 20
False Creek (FC) : 5
Fairview (FA) : 13
Dunbar (DU) : 2
Cambie (CA) : 4

The Westisde neighbourhoods accounted for 86 : 198 or 43% of overall Vancouver West attached new listings from October 13th – October 20th.

This past week there were 127 sold attached listings in the Vancouver West Region with 59 (down from 84 last week) falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 59 sold listings on the Westside were distributed as follows:

University (UL) : 5
South Cambie (SC) : 1
Shaughnessy (SH) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 2
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Kitsilano (KT) : 19
Kerrisdale (KE) : 2
False Creek (FC) : 4
Fairview (FA) : 14
Cambie (CA) : 1

The Westside neighbourhoods accounted for 59 : 127 or 46% of overall Vancouver West attached solds from October 13th – October 20th.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

The Westside Detached market saw a continual firming up of sales conditions as solid numbers from the last week of September carried into the first two weeks of October.  Supply numbers remained quite static, moving to 81 new detached active listings in the Vancouver West Region;  down from 90 the previous week. We saw 48 detached sales (down from the 58 the previous week).  Not surprisingly, performance should remain stable through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010.   Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey.  As such, it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale.   Supply conditions in Kitsilano, Dunbar, and South Granville were quite active this past week as the market remained relatively stable.

Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 81 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 4
Cambie (CA) : 6
Dunbar (DU) : 11
Kerrisdale (KE) : 3
Kitsilano (KT) : 10
MacKenzie Heights (MH) : 2
Marpole (MR) : 7
Oakridge (OA) : 3
Point Grey (PG) : 9
Quilchena (QU) : 4
South Cambie (SC) : 3
South Granville (SG) : 8
Shaughnessy (SH) : 4
Southlands (SL) : 1
S.W. Marine (SW) : 4
University (UL) : 2

81 total new detached listings on the Westside from October 8th – October 13th.

This past week there were 48 detached sold listings (compared to the 58 sold listings the previous week) in the Vancouver West Region. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 48 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 7
Cambie (CA) : 4
Dunbar (DU) : 6
Kerrisdale (KE) : 3
Kitsilano (KT) : 5
Mackenzie Heights (MH) : 3
Marpole (MR) : 1
Oakridge (OA) : 2
Point Grey (PG) : 4
South Granville (SG) : 7
Shaughnessy (SH): 1
Southlands (SL) : 4
S.W. Marine (SW) : 1

48 total detached sales on the Westside from October 8th – October 13th.

New listing supply ended on a relatively strong note, well sales transactions continued along what we’ve come to identify as ‘average’ through the early Fall periods.  The mid-to-late Summer months tend to be particularly low-periods for the detached markets due to social factors (ie / summer vacation, etc.) and thus we anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

This past week there were 290 new active attached listings in the Vancouver West Region with 114 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 114 new active attached listings on the Westside were distributed as follows:

University (UL) : 18
Southlands (SL) : 1
Shaughnessy (SH) : 1
South Cambie (SC) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 3
Marpole (MR) : 3
Mount Pleasant (MP) : 3
Kitsilano (KT): 35
Kerrisdale (KE): 10
False Creek (FC) : 6
Fairview (FA) : 23
Dunbar (DU) : 3
Cambie (CA) : 1

The Westisde neighbourhoods accounted for 114 : 290 or 39% of overall Vancouver West attached new listings from October 8th – October 13th.

This past week there were 173 sold attached listings in the Vancouver West Region with 84 (up from 75 last week) falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 84 sold listings on the Westside were distributed as follows:

University (UL) : 9
South Granville (SG) : 1
Quilchena (QU) : 3
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Kitsilano (KT) : 33
Kerrisdale (KE) : 6
False Creek (FC) : 4
Fairview (FA) : 18
Dunbar (DU) : 1
Cambie (CA) : 3

The Westside neighbourhoods accounted for 84 : 173 or 49% of overall Vancouver West attached solds from October 8th – October 13th. Fairview and Kitsilano continued to lead the way in both new listing supply and confirmed sales transactions.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!