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:
TOTAL : 106
176 total sales in the Vancouver West Region with 89 (51%) falling in the downtown areas.
Sales Per Sub-Area:
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
Tags: coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, townhomes, vancouver, west end
We have compiled sales and listings statistics for the period running from June 22nd to June 29th, 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 231 new listings (up from 191 new listings the previous week), and 191 attached sales (down slightly from the 217 sales the previous week). US and foreign buyer activity has been increasing recently as we have been working with numerous buyers out of California, Florida, and China with more coming in daily interested in Canada’s insulated banking system, competitive financing options, and relatively low Vancouver prices. 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 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:
TOTAL : 137
191 total sales in the Vancouver West Region with 97 (51%) falling in the downtown areas.
Sales Per Sub-Area:
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
Tags: coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, townhomes, vancouver, west end
We have compiled sales and listings statistics for the period running from June 15th to June 22nd, 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 191 new listings (down slightly from 207 new listings the previous week), and 217 attached sales. US and foreign buyer activity has been increasing recently as we have been working with numerous buyers out of California, Florida, and China with more coming in daily interested in Canada’s insulated banking system, competitive financing options, and relatively low Vancouver prices. Many lenders and mortgage specialists have been predicting (quite rightly) a forthcoming increase in lending rates as our economy begins its recovery. As expected we will most likely see the typical seasonal lull that occurs through July and August prior to the market picking itself up again in the early fall months.
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:
TOTAL : 111
217 total sales in the Vancouver West Region with 107 (49%) falling in the downtown areas.
Sales Per Sub-Area:
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
Tags: coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, townhomes, vancouver, west end
We have compiled sales and listings statistics for the period running from June 8th to June 15th, 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 207 new listings (down slightly from 264 new listings the previous week). US and foreign buyer activity has been increasing recently as we have been working with numerous buyers out of California, Florida, and China with more coming in daily interested in Canada’s insulated banking system, competitive financing options, and relatively low Vancouver prices. Many lenders and mortgage specialists have been predicting (quite rightly) a forthcoming increase in lending rates as our economy begins its recovery. As expected we will most likely see the typical seasonal lull that occurs through July and August prior to the market picking itself up again in the early fall months.
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:
TOTAL : 121
157 total sales in the Vancouver West Region with 82 (52%) falling in the downtown areas.
Sales Per Sub-Area:
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
Tags: coal harbour, condos, Downtown, false creek north, False Creek North & Yaletown, market update, real estate, townhomes, vancouver, west end
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