We have compiled sales and listings statistics for the period running from March 23rd to March 30th, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Entrance level buyers continued to actively browse the market as showing activity again increased this week, and sales remained at a higher benchmark as we move into early Spring. New listings have continued to decline (down to 132 from 170 or 22%), which indicates strong market variables amongst sellers who are not ‘afraid to hold onto product’ in a relatively down market. This demonstrates the continuation of the ‘tightening up’ of the downtown market (and Vancouver West markets in general). As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales as we continue into Spring.
Listing versus Sales update for March 23rd – March 30th
132 new listings in the Vancouver West Region with 72 (55%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 72
111 total sales in the Vancouver West Region with 66 (59%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 66
Sales continued their relatively strong performance over the first quarter 2009, moving from 94 sales to 111; the number remains well below seasonal norms but has improved notably over the past 12 weeks. We expect stronger sales movement to continue through early-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [111 : 132] or 84% – with market equilibrium, and the bottom of the current housing recession now in sight!
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
Vancouver Realty Online
Tags: buyers, coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, sales, townhouses
We have compiled sales and listings statistics for the period running from March 16th to March 23rd, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Entrance level buyers continued to actively browse the market as showing activity again increased this week, and sales remained at a higher benchmark as we move into early Spring. In turn, we have seen an increase in mid-grade listing and sales activity. Typically, as entry level property begins to move, we see upwards momentum, which influences the middle to upper tier properties. We saw a slight decrease in new listings this past week (approximately -20), and another jump in sales activity. This demonstrates the continuation of the ‘tightening up’ of the downtown market (and Vancouver West markets in general). As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales as we continue into Spring.
Listing versus Sales update for March 16th – March 23rd
170 new listings in the Vancouver West Region with 85 (50%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 85
94 total sales in the Vancouver West Region with 49 (52%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 49
Sales spiked this past week, moving from 76 sales to 94; the number remains well below seasonal norms though we are getting closer, and have seen stronger sales movement continue through early-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [94 : 170] or 56% – finally breaking the 50% mark!
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
Vancouver Realty Online
Tags: buyers, coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, sales, townhouses
We have compiled sales and listings statistics for the period running from March 9th to March 16th, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Entrance level buyers continued to actively browse the market as showing activity again increased this week, and sales remained at a higher benchmark since January. In turn, we have seen an increase in mid-grade listing and sales activity. Typically, as entry level property begins to move, we see upwards momentum, which influences the middle to upper tier level properties. Both new listing supply, and sales figures remained quite stable this past week. This signifies the continuation of the ‘tightening up’ of the downtown market. As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales over the next four weeks.
Listing versus Sales update for March 9th – March 16th
191 new listings in the Vancouver West Region with 108 (57%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 108
76 total sales in the Vancouver West Region with 36 (47%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 36
Sales decreased slightly this past week, moving from 81 sales to 76; the number remains well below seasonal norms, but we have seen stronger sales movement continuing through early-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [76 : 191] or 40%.
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
Vancouver Realty Online
Tags: buyers, coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, sales, townhouses
We have compiled sales and listings statistics for the period running from March 2nd to March 9th, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Buyers continued to actively browse the market as showing activity again increased this week. Again we see a noted decrease in new supply, and a relative stability in our sales figures. This signifies a notable ‘tightening up’ of the downtown market. As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales over the next four weeks.
Listing versus Sales update for March 2nd – March 9th
190 new listings in the Vancouver West Region with 94 (49%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 94
81 total sales in the Vancouver West Region with 47 (58%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 47
Sales increased slightly this past week, moving from 76 sales to 81; the number remains well below seasonal norms, but we have seen stronger sales movement continuing through early-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [81 : 190] or 42%.
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
Vancouver Realty Online
Tags: buyers, coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, sales, townhouses
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