Westside Vancouver Attached Property Market Update : September 15th – September 21st

We would like to present our ‘Westside Attached Stat Package‘, for the week of September 15th – September 21st. New listing supply remained strong for the second consecutive week in most neighbourhoods, and continued to outpace sales activity in the Westside attached market during the mid-September period. We saw 94 new attached listings on the Westside this period; the same number as last week. Sales transactions stumbled slightly after trending upwards last week, and remained behind new listings; with 49 attached sales on the Westside (down from 59 the previous week). Market conditions have demonstrated stability since mid-March and continue to trend upwards with the macro-recovery in regards to global economics. In following with the regular Vancouver market cycles we should see the market begin to pickup as the Autumn season sets in, and consumers get back to business.

This past week there were 219 new active attached listings in the Vancouver West Region with 94 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 94 new active attached listings on the Westside were distributed as follows:

University (UL) : 9
S.W. Marine (SW) : 1
Southlands (SL) :1
Shaughnessy (SH) : 2
South Cambie (SC) : 1
Quilchena (QU) : 3
Oakridge (OA) : 1
Marpole (MR) : 7
Mount Pleasant (MP) : 11
Kitsilano (KT): 25
Kerrisdale (KE): 7
False Creek (FC) : 3
Fairview (FA) : 20
Dunbar (DU) : 1
Cambie (CA) : 2

The Westisde neighbourhoods accounted for 94 : 219 or 43% of overall Vancouver West attached new listings from September 15th – September 21st.

This past week there were 136 sold attached listings in the Vancouver West Region with 49 (down from 59 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 49 sold listings on the Westside were distributed as follows:

University (UL) : 3
Southlands (SL) :2
Shaughnessy (SH) : 3
South Granville (SG) : 1
Quilchena (QU) : 2
Marpole (MR) : 2
Mount Pleasant (MP) : 2
Kitsilano (KT) : 16
Kerrisdale (KE) : 1
False Creek (FC) : 2
Fairview (FA) : 12
Cambie (CA) : 3

The Westside neighbourhoods accounted for 49 : 136 or 36% of overall Vancouver West attached solds from September 15th – September 21st. You’ll notice the most noted improvements in both sales and listing activity in the Kitsilano and Fairview neighbourhoods as they demonstrated more ‘regular’ listing and sales activity after a mediocre performance in the previous period.

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!