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.

Please click HERE for the full article.

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.

Please click HERE for the full article.

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.

Please click HERE for the full article.

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).

Please click HERE for the full article.

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.

Please click HERE for the full article.

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

Listing versus Sales update for June 22nd – June 29th

231 new listings in the Vancouver West Region with 137 (59%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 82 (60%)
• Coal Harbour: 16 (11%)
• West End: 24 (18%)
• False Creek North: 15 (11%)

TOTAL : 137

191 total sales in the Vancouver West Region with 97 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 49 (50%)
• West End: 28 (29%)
• Coal Harbour: 8 (8%)
• False Creek North: 13 (13%)

TOTAL : 107

Sales volume remained steady over the past week, moving from 217 sales to 191. Conversely we saw another surge in the supply-side, but many of the new listings failed to satiate the demand for mid-grade ($350,000 – $550,000), quality downtown product.  Yaletown and False Creek North are specific areas with limited supply in these ranges.  We expect stronger sales movement to continue through mid-Summer prior to some light 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 [191 : 231] ‘sales to listings’ or 83% 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

Listing versus Sales update for June 15th – June 22nd

191 new listings in the Vancouver West Region with 111 (58%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 55 (49%)
• Coal Harbour: 15 (14%)
• West End: 23 (21%)
• False Creek North: 18 (16%)

TOTAL : 111

217 total sales in the Vancouver West Region with 107 (49%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 58 (54%)
• West End: 23 (22%)
• Coal Harbour: 13 (12%)
• False Creek North: 13 (12%)

TOTAL : 107

Sales volume showed renewed vigor and stability this past week, moving from 157 sales to 217. In contrast we saw a slight dip in regards to attached supply; though this was more acute on the Westside then in the downtown markets. We expect stronger sales movement to continue through early-Summer prior to some light 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 [217 : 191] ‘sales to listings’ or 114% 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

Listing versus Sales update for June 8th – June 15th

207 new listings in the Vancouver West Region with 121 (58) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 70 (57%)
• Coal Harbour: 14 (12%)
• West End: 34 (19%)
• False Creek North: 14 (12%)

TOTAL : 121

157 total sales in the Vancouver West Region with 82 (52%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 46 (56%)
• West End: 14 (17%)
• Coal Harbour: 9 (11%)
• False Creek North: 13 (16%)

TOTAL : 82

Sales volume lagged a bit over the past week, moving from 193 sales to 157. Supply has begun to balance out with the excess demand as we see a slightly higher degree of new product being introduced to the downtown market. We expect stronger sales movement to continue through early-Summer prior to the aforementioned light 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 [157 : 207] ‘sales to listings’ or 76% 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

Listing versus Sales update for June 1st – June 8th

264 new listings in the Vancouver West Region with 161 (61%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 86 (53%)
• Coal Harbour: 25 (16%)
• West End: 34 (21%)
• False Creek North: 16 (10%)

TOTAL : 161

193 total sales in the Vancouver West Region with 100 (52%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 49 (49%)
• West End: 25 (25%)
• Coal Harbour: 8 (8%)
• False Creek North: 18 (18%)

TOTAL : 100

Sales volume continued to demonstrate continued strength over the first quarter 2009, moving from 213 sales to 193. Of note is the continual movement of the downtown market towards equilibrium as sales versus new listings have remained in the 1 : 1 ratio range; indicating improving market fundamentals (notably a healthy supply versus demand dynamic). We expect stronger sales movement to continue through early-Summer. 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 [213 : 254] ‘sales to listings’ or 84% 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

The detached market on the Westside continued to perform well below seasonal norms as the recent recovery in the attached and apartment markets due to better financing and economic conditions has not yet reached the higher-end housing market on the Westside.  New listings moved from 58 new detached active listings in the Vancouver West Region to 69 – as we continued to see nearly full supply saturation with 56 detached sales.  Attached and condominium markets tend to be what we refer to as ‘early indicators’, which should lead to further improvements in the detached market as 2009 continues.   The Westside detached market, more then anywhere else; has seen a real drop in supply in the face of a tighter market.  Buyer competition remains active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale.   The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave.  We did witness a slight increase in supply in these areas this past week, but there remains a degree of ‘pent-up’ demand.

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

Arbutus (AR) : 4
Dunbar (DU) : 7
Kerrisdale (KE) : 4
Kitsilano (KT) : 10
MacKenzie Heights (MH) : 2
Marpole (MR) : 5
Oakridge (OA) : 1
Point Grey (PG) : 8
Quilchena (QU) : 4
South Cambie (SC) : 2
South Granville (SG) : 10
Shaughnessy (SH) : 7
Southlands (SL) : 1
S.W. Marine (SW) : 1
University (UL) : 3

69 total new detached listings on the Westside from May 25th – June 1st.

This past week there were 56 detached sold listings 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 56 detached sold listings on the Westside were distributed as follows:

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

56 total detached sales on the Westside from May 25th – June 1st.

Of important note is the 1 : 1 listing to ratio number, which indicates nearly full supply saturation in many of the Westside markets.  Especially competitive are the Kitsilano midgrade market with listings north of W 4th Avenue in the $1,000,000 – $1,400,000 in demand as well as the luxury markets in Point Grey and Shaughnessy.  South Granville continued to lead the Westside in transaction volume with 8 sales, and Kerrisdale saw an increase in transaction activity with 9 sales.

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!