Westside Vancouver Attached Property Market Update : August 24th – August 31st

We would like to present our ‘Westside Attached Stat Package‘, for the week of August 24th – August 31st. Listing supply continued to trend upwards on the Westside; well sales volume took a bit of a tumble to end August. We saw 91 new attached listings on the Westside this period; up from the 83 new attached listings the previous week. Sales transactions stumbled after two weeks of positive growth; with 65 attached sales on the Westside (down from 105 the previous week). The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside); so a late August decrease in sales activity is not entirely without precedent. In following with the regular Vancouver market cycles we should see the market begin to pickup as the Summer season ends, and consumers get back to business.

This past week there were 195 new active attached listings in the Vancouver West Region with 91 falling in the Westside neighbourhoods. 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 91 new active attached listings on the Westside were distributed as follows:

University (UL) : 8
S.W. Marine (SW) : 1
South Granville(SG) : 2
Shaughnessy (SH) : 3
Quilchena (QU) : 4
Point Grey (PG) : 2
Oakridge (OA) : 2
Marpole (MR) : 3
Mount Pleasant (MP) : 8
Kitsilano (KT): 31
Kerrisdale (KE): 2
False Creek (FC) : 3
Fairview (FA) : 19
Dunbar (DU) : 1
Cambie (CA) : 2

The Westisde neighbourhoods accounted for 91 : 195 or 47% of overall Vancouver West attached new listings from August 24th – August 31st.

This past week there were 144 sold attached listings in the Vancouver West Region with 65 (down sharply from105 last week) falling in the Westside neighbourhoods. 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 65 sold listings on the Westside were distributed as follows:

University (UL) : 8
South Cambie (SC) : 1
Shaughnessy (SH) : 1
Quilchena (QU) : 4
Mount Pleasant (MP) : 1
Marpole (MR) : 8
Kitsilano (KT) : 15
Kerrisdale (KE) : 1
False Creek (FC) : 2
Fairview (FA) : 17
Dunbar (DU) : 3
Cambie (CA) : 3
Arbutus (AR) : 1

The Westside neighbourhoods accounted for 65 : 144 or 45% of overall Vancouver West attached solds from August 24th – August 31st.

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.susankeevil.com and 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!