Vancouver Realty Online

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 14th – February 21st courtesy susankeevil.com…

Downtown Attached Market Update February 14th – February 21st :

Downtown attached listing conditions leveled off this week after trending upwards in the previous period; we saw 129 new attached listings across downtown (down slightly from 135 new attached listings last week), which accounted for 54% of the overall 241 new attached listings across Vancouver West (down from the 59% share we saw previously).  The downtown core neighbourhoods continued to demonstrate strong supply conditions as we saw 78 new attached sales across Yaletown, Gastown, and downtown proper (up from 72 new attached listings last week). Coal Harbour saw the bulk of the supply decrease (slight as it may have been) with 10 new attached listings this week (down from 17 new attached listings in the previous period) with False Creek North holding firm at 16 new attached listings (up from 15 new attached listings in the previous period).

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 7th – February 14th courtesy susankeevil.com…

Downtown Attached Market Update January 31st – February 7th :

Confirmed attached sales volume remained quite stable for the second consecutive week (after trending upwards towards late-January) as we saw 52 confirmed attached sales downtown this week (compared to 53 confirmed attached sales in the previous period), which accounted for 40% of the aggregate 107 confirmed attached sales across Vancouver West (down from 50% last week).  The dense downtown core areas (including Yaletown, Gastown, and downtown proper) continued to lead the way with 28 confirmed attached sales, which equated to around 54% of all sales activity in the downtown neighbourhoods.  There remains a lack of mid-level supply as lower-tier two-bedrooms, and luxury one-bedrooms between the $400,000 – $550,000 ranges remained in demand amongst buyers.  Coal Harbour continued to post the weakest sales numbers downtown with 3 confirmed attached sales this week (compared to 4 confirmed sales previously). Our sales to listing ratio remained tilted towards the supply side this week as we saw 52 confirmed attached sales to 135 new attached listings for a saturation rating of 39%.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 31st – February 7th courtesy susankeevil.com…

Downtown Attached Market Update January 31st – February 7th :

Attached listing supply downtown slowed down slightly this past week after posting steady gains through the two previous listing periods; we saw 116 new attached listings downtown this week (down from 128 new attached listings in the previous period), which accounted for 53% of the total 220 new attached listings across Vancouver West (also down slightly from the 227 new attached listings we saw overall last week).  Coal Harbour and False Creek North remained relatively active when compared to listing volumes we saw near the end of quarter 4 2010 as we saw 16 new attached listings in Coal Harbour this week, and 12 new attached listings in False Creek North.  The dense downtown core areas (including Gastown, downtown proper, and Yaletown) conitnued to be the most prevalent listing neighbourhoods with 63 new attached listings this week (down from 73 new attached listings in the previous week), which accounted for 54% of all downtown attached listing supply.  There remains a lack of options for entry level buyers downtown as entry level one and two bedroom properties remain in demand, especially in downtown core neighbourhoods like Yaletown.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 24th – January 31st courtesy susankeevil.com…

Downtown Attached Market Update January 24th – January 31st :

Confirmed attached sales volume downtown continued to trend upwards this week as we saw 53 confirmed attached sales (up from 42 confirmed attached sales in the previous period), which accounted for 63% of the 84 confirmed attached sales across Vancouver West.  Coal Harbour rebounded this week after posting sub-par sales figures previously with 9 confirmed attached sales (up from just 2 confirmed attached sales in the previous period).  The dense downtown core neighbourhoods (including Yaletown, Gastown, and downtown proper) continued to lead the way with 21 confirmed attached sales.  We expect sales conditions to continue to post positive gains as buyers and agents proceed to absorb the heightened supply conditions we’ve been experiencing since the first week of January.  Due to transaction time it often takes the market a bit of ‘lag time’ prior to seeing the sales figures move into relative equilibrium with increased supply volumes.  Thus, our sales to listing ratio remained aggregately tiled towards buyers, though there remains a lack of supply in regards to certain price points and square footage types with 53 confirmed attached sales to 128 new attached listings for a saturation rating of approximately 41% in the downtown neighbourhoods.

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