Westside Vancouver Attached Report September 26th – October 3rd:

Westside attached listing supply continued to trend downwards for the second consecutive week after posting gains through mid-September; we saw 85 new attached listings on the Westside this week (down sharply from the 106 new attached listings we had seen previously), which accounted for 41% of the overall 206 new attached listings we saw across Vancouver West (a further drop in listing share from the 44% ratio we saw last week). Kitsilano dominated the supply-side figures this week with 26 new attaached listings (though a slight decrease from the 30 new attached listings we’d seen previously), well Fairview saw a relatively large decline in listing activity this week with 17 new attached listings (down from the 27 new attached listings we saw last week). University was the next busiest neighbourhood as we eased into the school year with 12 new attached listings (compared to 13 new attached listings registered previously).

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Westside Vancouver Detached Report September 26th – October 3rd:

Westside detached listings upply continued to trend upwards this week after remaining quite static through mid-September; we saw 101 new detached listings across the Westside this week (which marked an increase from the 88 new detached listings we saw in the previous period). Dunbar continued to lead the way on the supply-side this week despite posting slight decreases with 13 new detached listings (a drop from the 16 new detached listings we saw last week); other neighbourhoods also continued to have strong supply numbers, with Point Grey (11 new detached listings), and Mackenzie Heights (10 new detached listings) registering the second and third strongest weeks after Dunbar.  Also of note this week were, Shaughnessy (9 new detached listings), Kerrisdale (9 new detached listings), and Arbutus (7 new detached listings).

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Westside Vancouver Attached Report September 12th – September 19th:

Attached listing supply took a slight step back on the Westside this week after posting strong gains in the previous period; we saw 106 new attached listings on the Westside (down a bit from the 111 new attached listings we saw last week), which accounted for roughly 44% of all new attached listing activity across Vancouver West, where we saw 240 new attached listings overall (this marked a slight step back for the Westside on the supply-side from the 47% ratio we saw last week). Kitsilano and Fairview once again led the way, as we saw 30 new attached listings in Kitsilano (up from the 29 new attached listings we saw last week), and 27 new attached listings in Fairview (up from 25 new attached listings). University also continued to be a relatively busy area with the onset of the new school year, as we saw 13 new attached listings in the neighbourhood this week (compared to 19 new attached listings previously). False Creek saw a jump in listing activity as well this week, posting 12 new attached listings (an improvement from the 5 new attached listings we saw last week).

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Westside Vancouver Detached Report September 12th – September 19th:

Westside detached listing activity trended upwards this week after remaining relatively stable through the previous two listing periods; we saw 88 new detached listings across the Westside this week (an improvement from the 65 new detached listings we saw last week). Dunbar led the way this week with a large increase in new detached listings, the neighbourhod posted 16 new detached listings this week (which marked a large jump from the 4 new detached listings we saw last week). Point Grey and Kitsilano had the second and third most active weeks on the supply-side with 10 new detached listings (compared to 11 new detached listings in the previous period) in Point Grey, and 9 new detached listings (up from 5 new detached listings) in Kitsilano. Other neighbourhoods also posted stronger listing numbers: Cambie (6 new detached listings), Mackenzie Heights (6 new detached listings), and Shaughnessy (7 new detached listings).

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Westside Vancouver Attached Report September 5th – September 12th:

Westside attached listing supply took a jump this week after trending downwards for two consecutive recorded periods; we saw 111 attached attached listings on the Westside this week (up from 69 new attached listings previously), which represented around 47% of the aggregate 236 new attached listings across Vancouver West. The high-density Kitsilano and Fairview areas continued to represent the bulk of Westside attached listing supply, as we saw 29 new attached listings in Kitsilano (up from 14 new attached listings), and 25 new attached listings in Fairview (up from 18 new attached lisitngs).  University also remained quite busy as we started the 2011 school year, we saw 19 new attached listings in the University area (up from 12 new attached listings). The early Fall listing period is traditionally quite busy as sellers return from extended late-August holidays, and get back to business, as such we expect continual heightened supply numbers through the remainder of September and early-October.

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Westside Vancouver Detached Report September 5th – September 12th:

Detached listing numbers remained stable this week after recovering in the previous recorded period; we saw 65 new detached listings across the Westside this week (the same number we registered last week), as we eased our way into the popular fall listing period. Point Grey led the way this week with 11 new detached listings (a jump from the 2 new detached listings we saw previously), well Arbutus registered the secondest strongest week on the supply-side with 8 new detached listings (a slight improvement from the 6 new detached listings we registered previously). The remaining areas posted lesser supply numbers with Kitsilano (5 new detached listings), and South Granville (6 new detached listings) being the most active.

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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).

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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.

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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).

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Westside Vancouver Attached Report July 25th – August 1st:

Westside attached listing supply continued to depreciate for the second consecutive period this week as we moved towards the slower ‘late Summer’ period when both supply and sales tend to post more modest numbers.  We saw 79 new attached listings across the Westside this week (down from the 124 new attached listings we had seen previously), which equated to around 45% of the aggregate 174 new attached listings we saw across Vancouver West.  High-density neighbourhoods like Kitsilano and Fairview continued to drive listing supply on the Westside, as we saw 15 new attached listings in Kitsilano (down from the 24 new attached listings we had seen in the area previously), and 16 new attached listings in Fairview (down from 31 new attached listings).  Not surprisingly, the highly seasonal University market also continued to be quite busy as we approach the ‘back to school’ period with 14 new attached listings.

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Westside Vancouver Detached Report July 25th – August 1st:

Detached sales volume also trended sharply downwards this week after recovering slightly towards the end of July, we saw 22 new detached listings across the Westside this week (a nearly 50% decrease from the 42 confirmed detached sales we had seen previously).  Point Grey was the busiest of the lot this week with just 3 new detached sales (down from 5 confirmed detached sales), Dunbar shared a portion of the lead, also with 3 confirmed detached sales (down from 6 confirmed detached sales).  The remaining neighbourhoods posted lows of zero (0) new listings, and a high of 2 new detached listings for a very moderate week on the Westside sales side.  Our sales to listing ratio fell this week as new listing volumes decreased at a more aggressive rate then confirmed sales; we saw 22 confirmed detached sales to 49 new attached listings for a saturation rating of 45% across the Westside detached markets (a decrease from the 48% number we saw last week).

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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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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).

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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.

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Westside Vancouver Attached Report June 13th – June 20th:

Westside attached sales supply remained relatively static for the second consecutive week, with the bulk of the supply decreases falling in the downtown neigbourhoods as we saw 106 new attached listings on the Westside this week (compared to the 101 new attached listings we saw previously), which accounted for around 51% of the aggregate 210 new attached listings across Vancouver West. Kitsilano and Fairview continued to lead the way on the Westside attached market with 24 new attached listings in Fairview and 21 new attached listings in Kitsilano.  The season Univeristy maket also continued to be quite active on the listing side with 21 new attached listings this week. The remaining neighbourhoods remained comfortably within their average listing ranges, though False Creek had a slightly above average supply week with 10 new attached listings.

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Westside Vancouver Detached Report June 13th – June 20th:

Detached listing volumes remained quite stable this week on the Westside after posting gains in the previous period; we saw 86 new detached listings this week (compared to 84 new detached listings previously) for a 3% increase in listing volume. A number of neighbourhoods registered strong listing figures with Arbutus (9 new detached listings), Dunbar (9 new detached listings), Kitsilano (9 new detached listings), and Kerrisdale (9 new detached listings) numbering amongst the strongest.  South Granville had the most prolific listing numbers this week with 10 new detached listings. Listing supply in these neighbourhoods continues to at least remain stable (with many posting gains).

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