Vancouver Realty Online

We are proud to present our Westside market reports for the period running from February 22 – March 1 courtesy susankeevil.com…

Westside Vancouver Attached Report February 22 – March 1 :

The Westside neighbourhoods saw a post-Olympic recovery in supply numbers this past week with 77 new attached listings in the Westside markets (or 41% of the overall 189 new active listings over Vancouver West). Kitsilano once again posted the strongest attached supply figures with 19 new attached listings. We expect a steady increase in new listing activity after the closing of the Olympics as buyers bring their homes on the market, and short-term Olympic rental also also affect supply.

Please click HERE for the full article.

Westside Vancouver Detached Market Report February 22 – March 1

The Westside Detached market returned to pre-Olympic levels this past week after posting strong gains going into the 2010 Games. We saw 58 new detached listings on the Westside (down from approximately 80 per week in the periods prior), with Cambie and Dunbar remaining the strongest markets with 10 and 9 new listings respectively. The detached market on the Westside had been quite hot on the buyer side through the end of January and as such we saw quite a supply increase through the first two weeks of February.

Please click HERE for the full article.

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Federal rules tightened slightly yesterday when a new set of mortgage restricting criteria were announced in Ottawa. Finance Minister Jim Flaherty was quick to assure the media, however; that the changes were not in response to a ‘housing bubble’, but a proactive step to assure the market stays responsible…

Vancouver Sun, February 16, 2010

Federal rules introduced Tuesday to tighten mortgage requirements will squeeze the purchasing power of the average Metro Vancouver buyer by $40,000 to $50,000, market observers say.

Finance Minister Jim Flaherty, amid warnings that too many Canadians are overextending themselves to take cheap, variable-rate mortgages, said buyers who want insured high-ratio mortgages will need to meet tougher requirements.

-Derrick Penner, Vancouver Sun

Please Click HERE for the full article.

For information on how these changes may affect you, please contact Susan today at (604)970-3658.

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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.

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.

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We are proud to present our Westside market reports for the period running from January 25 - February 2 courtesy susankeevil.com…

Westside Vancouver Attached Report January 25 – February 2 :

The Westside neighbourhoods continued to demonstrate strong sales trends this period as confirmed sales transactions posted higher average numbers for the third consecutive week.  Vancouver West as a whole saw 139 confirmed sales (compared to 83 in the previous week) with the Westside neighbourhoods accounting for 48 confirmed transactions or 36% of all attached sales in Vancouver West (up from 25 in the period running fom January 18th – January 25th).  Kitsilano continued to lead the way with 15 confirmed sales or approximately 31% of all Westside attached transactions. 

Please click HERE for the full article.

Westside Vancouver Detached Report Jan 25 - February 2 :

Despite strong demand in many areas (notably Dunbar, Point Grey, and Arbutus) our sales to listing ratio remains skewed towards the supply side with a sales to listings ratio of 37 : 84 or a 44% saturation rate. It is important to look at the placement of the sales activity, however; as we see outliers like South Granville where we witnessed 17 new detached listings to only 1 detached sale as buyers continue to focus on core markets, and are tentative to move further south from the city centre.

Please click HERE for the full article.

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We are proud to present our Westside market reports for the period running from January 18 – January 25 courtesy susankeevil.com…

Westside Attached Report Jan 18 – Jan 25

We witnessed 83 confirmed sales over all of Vancouver West this past week (up from 61 confirmed sales in the previous week). The Westside contributed 25 confirmed attached sales or 30% of all confirmed attached sales in Vancouver West.

Despite an upwards trend in sales transactions our listing ratio remained ’supply dominated’ with 83 : 273 sales to listings or a 30% saturation rate.

Please click HERE for the full article.

Westside Detached Report Jan 18 – Jan 25:

Sales transactions continued to remain quite stable with 26 confirmed detached sales on the Westside (up slightly from the 22 recorded in the previous week). Dunbar again led the way with 5 confirmed sales as Kerrisdale and South Granville stood in second with 3 confirmed sales each. Demand continues to remain strong on the Westside, though with the upward trend in supply we may soon see a tighter market for sellers, and a possible increase in average days on the market for some neighbourhoods.

Please click HERE for the full article.

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