Vancouver Realty Online

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from February 2 – February 9 courtesy susankeevil.com…

Downtown Attached Market Update February 2 – February 9 :

Listing supply rebounded slightly after sagging in the previous period with 253 new attached listings across Vancouver West (compared to 213 in the previous period). The downtown markets continued to account for roughly the same market share with 57% of all attached listing supply; we saw 145 new attached listings in the downtown neighbourhoods with the downtown core again leading the market with 60 new attached listings (though with a decreased market share of only 47%) while the West End posted the second strongest gain with 32 new attached listings, and both Coal Harbour and False Creek North also increased their listing share with 26 and 27 new listings respectively.

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We are proud to present our Westside market reports for the period running from February 2 - February 9 courtesy susankeevil.com…

Westside Vancouver Attached Report February 2 – February 9 :

The Westside neighbourhoods posted strong sales and listing numbers for the fourth consecutive week as we move towards the Olympics with firm market share on both the sales and supply side. Vancouver West saw 253 new attached listings (up from 213 in the previous week) as a whole with the Westside neighbourhoods contributing 108 new attached listings or roughly 43% of all new supply. The University, Kitsilano, and Fairview areas demonstrated strong supply numbers with 15, 27, and 18 new attached listings respectively.

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Westside Vancouver Detached Report February 2- February 9 :

Confirmed detached sales numbers improved marginally for the second consecutive week, as we witnessed 39 confirmed detached sales this period (up slightly from 37 in the previos week). Both Dunbar and Point Grey posted weaker numbers this week, however; as both areas may be suffering a little bit from price increases combined with a few consecutive weeks of improving supply conditions. Kitsilano and South Granville both posted a sales jump and proceeded to grab a greater portion of the Westside sales share.

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 18 – January 25 courtesy susankeevil.com…

Downtown Attached Market Update:

New listing supply continued to trend upwards for the third consecutive week as we saw 273 new attached listings across Vancouver West (an increase over the 238 new listings in the previous period). The downtown markets accounted for only approximately 46% of this increase, however; with the Westside markets demonstrating a slightly higher degree of new listing growth; downtown we saw 153 new attached listings (compared to 137 in the previous week).

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Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from January 4 – January 11 courtesy susankeevil.com…

Downtown Attached Market Update:

We have compiled sales and listings statistics for the period running from January 4th to January 7th, 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. As we ease into the post-holiday 2010 market we have witnessed a signficant jump in new listing supply, well confirmed sales volume continues to lag; though that again could be partially attributed to the ‘holiday drag’ as contracts continue to be finalized and deals go firm.

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We have compiled sales and listings statistics for the period running from June 29th to July 6th, 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.  This past week (and the month of May in general) was marked by an increase in market activity (both listings and sales) as well as a further demonstration of market stability and equilibrium; with 193 new listings (down from 231 new listings the previous week), and 176 attached sales (down slightly from the 191 sales the previous week). We have continued to see a slight seasonal slowdown as we edge into July (as expected) though sales volume has remained relatively consistent over the past 4 weeks.  The supply-side remains tight in many downtown markets, especially for mid-grade property in the $350,000 – $550,000 range.

Listing versus Sales update for June 29th to July 6th

193 new listings in the Vancouver West Region with 106 (54%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 66 (62%)
• Coal Harbour: 9 (9%)
• West End: 16 (15%)
• False Creek North: 15 (14%)

TOTAL : 106

176 total sales in the Vancouver West Region with 89 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 42 (46%)
• West End: 21 (24%)
• Coal Harbour: 13 (15%)
• False Creek North: 13 (15%)

TOTAL : 89

Sales volume fell for the second straight week, moving from 191 sales to 176. The downtown core neighbourhoods witnessed the most drastic decrease in transactions as we ease into the mid-Summer months; a period where Vancouver tends to experience seasonal lulls.  As stated previously there has been an influx of buyer activity over the past two months, 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 [176 : 193] ‘sales to listings’ or 91% saturation – stronger market fundamentals, a return to supply / demand equilibrium, and an influx of buyer activity has been leading our recovery period!

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

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