We would like to present ‘Westside Detached Stat Package’ for the week of October 8th – October 13th.
The Westside Detached market saw a continual firming up of sales conditions as solid numbers from the last week of September carried into the first two weeks of October. Supply numbers remained quite static, moving to 81 new detached active listings in the Vancouver West Region; down from 90 the previous week. We saw 48 detached sales (down from the 58 the previous week). Not surprisingly, performance should remain stable through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010. Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey. As such, it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. Supply conditions in Kitsilano, Dunbar, and South Granville were quite active this past week as the market remained relatively stable.
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 81 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 4
Cambie (CA) : 6
Dunbar (DU) : 11
Kerrisdale (KE) : 3
Kitsilano (KT) : 10
MacKenzie Heights (MH) : 2
Marpole (MR) : 7
Oakridge (OA) : 3
Point Grey (PG) : 9
Quilchena (QU) : 4
South Cambie (SC) : 3
South Granville (SG) : 8
Shaughnessy (SH) : 4
Southlands (SL) : 1
S.W. Marine (SW) : 4
University (UL) : 2
81 total new detached listings on the Westside from October 8th – October 13th.
This past week there were 48 detached sold listings (compared to the 58 sold listings the previous week) 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 48 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 7
Cambie (CA) : 4
Dunbar (DU) : 6
Kerrisdale (KE) : 3
Kitsilano (KT) : 5
Mackenzie Heights (MH) : 3
Marpole (MR) : 1
Oakridge (OA) : 2
Point Grey (PG) : 4
South Granville (SG) : 7
Shaughnessy (SH): 1
Southlands (SL) : 4
S.W. Marine (SW) : 1
48 total detached sales on the Westside from October 8th – October 13th.
New listing supply ended on a relatively strong note, well sales transactions continued along what we’ve come to identify as ‘average’ through the early Fall periods. The mid-to-late Summer months tend to be particularly low-periods for the detached markets due to social factors (ie / summer vacation, etc.) and thus we anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.
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!
We would like to present our ‘Westside Attached Stat Package‘, for the week of October 8th – October 13th. New listing supply remained strong on the Westside this past week with 114 new attached listings (up from 75 the previous week), and continued to outpace sales activity in the Westside attached market during the early-October period. Sales transactions also trended upward this past week, but remained behind new listings; with 84 attached sales on the Westside (up from 75 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 290 new active attached listings in the Vancouver West Region with 114 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 114 new active attached listings on the Westside were distributed as follows:
University (UL) : 18
Southlands (SL) : 1
Shaughnessy (SH) : 1
South Cambie (SC) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 3
Marpole (MR) : 3
Mount Pleasant (MP) : 3
Kitsilano (KT): 35
Kerrisdale (KE): 10
False Creek (FC) : 6
Fairview (FA) : 23
Dunbar (DU) : 3
Cambie (CA) : 1
The Westisde neighbourhoods accounted for 114 : 290 or 39% of overall Vancouver West attached new listings from October 8th – October 13th.
This past week there were 173 sold attached listings in the Vancouver West Region with 84 (up from 75 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 84 sold listings on the Westside were distributed as follows:
University (UL) : 9
South Granville (SG) : 1
Quilchena (QU) : 3
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Kitsilano (KT) : 33
Kerrisdale (KE) : 6
False Creek (FC) : 4
Fairview (FA) : 18
Dunbar (DU) : 1
Cambie (CA) : 3
The Westside neighbourhoods accounted for 84 : 173 or 49% of overall Vancouver West attached solds from October 8th – October 13th. Fairview and Kitsilano continued to lead the way in both new listing supply and confirmed sales transactions.
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!
We have compiled sales and listings statistics for the period running from October 8th to October 13th, 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. New listing supply in Vancouver continued to trend upwards with the most notable gains in the downtown core neighbourhoods, which accounted for nearly the same level of new supply as the entire Westside combined. It remains important, however; to look at the price and location of the bulk of the new listing supply as we continue to see an excess of 1-bedroom suites in the $350,000-$400,000 range; especially outside of Yaletown and False Creek North. Sharp pricing remains paramount for these types of listings as listing competition is sharp. We continue to see a lack of supply in the lower-end 2-bedroom market ($500,000 range) and units in the Yaletown and False Creek North neighbourhoods continue to move at a brisk pace. Sales volume remained relatively stationary over the past week with 173 confirmed transactions. The downtown neighbourhoods continued to account for roughly half of the sales volume in Vancouver West, however; they continue to notably outpace the Westside in regards to new listing supply. Vancouver West as a whole saw 290 new attached listings; supply increased for the third straight week, up from the 286 new listings submitted last week. Sales volume saw another slight increase, with 173 sales (up from 165 confirmed in the previous period). The market continues to display evidence of stability leading into the 2010 Olympic games with first time buyers being the most active demographic, but the buyer demand is moving upwards; though luxury markets continue to see mixed conditions depending on area.
Listing versus Sales update for October 8th to October 13th
290 new listings in the Vancouver West Region with 176 (61%) falling in the downtown areas (including:West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 176 (61%)
173 total sales in the Vancouver West Region with 89 (51%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 81 (51%)
As mentioned, the downtown markets accounted for roughly half of the overall Vancouver West sales increases this past week. New listing activity continued to remain strong, especially in regards to the downtown core; and as mentioned the distribution of the new listings remains focused in certain areas. The downtown markets represented a significant portion of the Vancouver West market share; with 61% of new listings falling in the downtown neighbourhoods, and 51% of the firm sales transactions also falling downtown. Despite our listing versus sales ratio number there continues to be pent up demand in certain downtown areas; we have [173 : 290] ’sales to listings’ or 60% saturation – look for interest rates to climb slightly over the next three to four months as the Federal Government moves to counter post-recession inflationary conditions.
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.susankeevil.com and www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
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We would like to present ‘Westside Detached Stat Package’ for the week of September 21st – September 28th.
The Westside Detached market saw a continual firming up of sales conditions as confirmed sales volume demonstrated positive growth for the second straight period after three weeks of below average performance to end August and begin September. Supply numbers improved slightly, moving to 90 new detached active listings in the Vancouver West Region; up from 80 the previous week. We saw 58 detached sales (up from the 50 the previous week). Not surprisingly, performance should remain relatively static through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010. Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey. As such, it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. Supply conditions in Kitsilano, Dunbar, and South Granville was quite active this past week as market stability returns.
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 90 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 6
Cambie (CA) : 7
Dunbar (DU) : 8
Kerrisdale (KE) : 2
Kitsilano (KT) : 10
MacKenzie Heights (MH) : 2
Marpole (MR) : 3
Oakridge (OA) : 3
Point Grey (PG) : 10
Quilchena (QU) : 7
South Cambie (SC) : 1
South Granville (SG) : 15
Shaughnessy (SH) : 4
Southlands (SL) : 4
S.W. Marine (SW) : 6
90 total new detached listings on the Westside from September 21 – September 28.
This past week there were 58 detached sold listings (compared to the 50 sold listings the previous week) 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 58 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 5
Dunbar (DU) : 7
Kerrisdale (KE) : 4
Kitsilano (KT) : 7
Mackenzie Heights (MH) : 3
Marpole (MR) : 3
Point Grey (PG) : 6
Quilchena (QU) : 3
South Granville (SG) : 5
Shaughnessy (SH): 4
Southlands (SL) : 2
S.W. Marine (SW) : 2
University (UL) : 1
58 total detached sales on the Westside from September 21 – September 28.
New listing supply ended on a relatively strong note, well sales transactions trended upwards after struggling through early September. The mid-to-late Summer months tend to be particularly low-periods for the detached markets due to social factors (ie / summer vacation, etc.) and thus we anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.
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!
Susan Keevil is a Vancouver real estate advisor with a background in interior design, and over 5 years of industry experience; marketing attached and detached properties in the Vancouver West regions.
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