We have compiled sales and listings statistics for the period running from August 24th to August 31st, 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. The market experienced a late-Summer setback as both sales and listing volume fell for the second straight week. Vancouver West as a whole saw 195 new attached listings; down marginally from the 206 new listings submitted last week. Sales volume also experienced another marginal set-back, with 144 sales (down from 177 confirmed in the previous period). Much of the new supply remains very concentrated in the downtown core areas; excluding Yaletown, which along with False Creek North, has a lack of supply in the $450,000 - $600,000 price bracket. We expect modest conditions to continue through August prior to the regular increase in market activity in September and October. After a relative drop in both downtown listing, and sales activity in early August we've seen a rebound back to levels similar to our record-setting July.
Listing versus Sales update for August 24th to August 31st
195 new listings in the Vancouver West Region with 104 (53%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 104 (53%)
144 total sales in the Vancouver West Region with 79 (55%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 79 (55%)
The market experienced a decrease in both listing and sales volume for the second straight week as we ended August with a slight downturn. The downtown markets took a slightly lower percentage of the Vancouver West market share; with 48% of new listings falling in the downtown neighbourhoods, with 55% of the firm sales transactions also falling downtown. The surge in activity has brought our listing to sales ratio back to near par; with [144 : 195] ’sales to listings’ or 74% saturation – interest rates looks to remain stable through the next quarter despite the recent inflation in Canadian Dollar value.
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!
We would like to present ‘Westside Detached Stat Package’ for the week of August 10th – August 17th.
The Westside detached market continued to improve for the second consecutive week as both transaction volume and listing figures demonstrated marked improvement. Sales transaction volume witnessed a resurgence after posting irregularly low numbers in the previous month, well new listing supply also picked up. New listings moved from 47 new detached active listings in the Vancouver West Region to 67. Sales volume posted a recovery this past week with 73 detached sales (to 52 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 active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave. Late summer tends to be a rather ‘down time’ for our detached markets due to family vacations, and relativly instability prior to the onset of the school year in September.
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 67 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 4
Cambie (CA) : 3
Dunbar (DU) : 9
Fairview (FA) : 1
Kerrisdale (KE) : 5
Kitsilano (KT) : 8
MacKenzie Heights (MH) : 4
Marpole (MR) : 2
Mount Pleasant (MP) : 1
Oakridge (OA) : 2
Point Grey (PG) : 4
Quilchena (QU) : 1
Shaughnessy (SH) : 2
Southlands (SL) : 1
South Cambie (SC) : 1
South Granville (SG) : 15
S.W. Marine (SW) : 2
University (UL) : 2
67 total new detached listings on the Westside from August 10th – August 17th.
This past week there were 73 detached sold listings (a noted improvement compared to the 52 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 73 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 1
Dunbar (DU) : 7
Kerrisdale (KE) : 7
Kitsilano (KT) : 4
Mackenzie Heights (MH) : 3
Mount Pleasant (MP) : 2
Marpole (MR) : 9
Oakridge (OA) : 1
Point Grey (PG) : 7
Quilchena (QU) : 6
South Granville (SG) : 10
Shaughnessy (SH) : 4
S.W. Marine (SW) : 4
University (UL) : 3
73 total detached sales on the Westside from August 10th – August 17th.
We witnessed a rather unexpected surge in late-summer activity this past week as the detached market improved for a second straight week after a weak period during the final week of July. 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 August 10th – August 17th. New listing numbers continued to rebound across Vancouver West as trends continued to demonstrate growth into mid-August. We saw 83 new attached listings on the Westside this period; up from the 68 new attached listings the previous week. Sales transactions also rebounded after two consecutive weeks of weak performance; with 105 attached sales on the Westside (up from 44 the previous week). The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), but the market rebounded this past week to conditions reminiscent of our record setting July activity. In following with the regular Vancouver market cycles we should see a continued lull through the last three weeks of August prior to a recovery in the early-Fall periods as we inch closer to the Olympics.
This past week there were 216 new active attached listings in the Vancouver West Region with 83 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 83 new active attached listings on the Westside were distributed as follows:
University (UL) : 11
South Granville(SG) : 1
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 7
Mount Pleasant (MP) : 2
Kitsilano (KT): 21
Kerrisdale (KE): 1
False Creek (FC) : 6
Fairview (FA) : 23
Cambie (CA) : 5
The Westisde neighbourhoods accounted for 83 : 216 or 38% of overall Vancouver West attached new listings from August 10th – August 17th.
This past week there were 220 sold attached listings in the Vancouver West Region with 105 (up sharply from 44 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 105 sold listings on the Westside were distributed as follows:
University (UL) : 14
South Granville (SG) : 3
Shaughnessy (SH) : 2
Quilchena (QU) : 1
Point Grey (PG) : 2
Oakridge (OA) : 1
Mount Pleasant (MP) : 5
Marpole (MR) : 5
Kitsilano (KT) : 31
Kerrisdale (KE) : 10
False Creek (FC) : 2
Fairview (FA) : 25
Dunbar (DU) : 1
Cambie (CA) : 3
The Westside neighbourhoods accounted for 105 : 220 or 48% of overall Vancouver West attached solds from August 10th – August 17th.
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 August 10th to August 17th, 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. The market continued an unexpected late-summer rebound as we witnessed renewed strength in both transaction volume and new listing supply in the downtown neighbourhoods. Vancouver West as a whole saw 216 new attached listings; a marked increase from the 152 new listings submitted last week. Sales volume also experienced a late-Summer surge, with 115 sales (up from 86 confirmed in the previous period). Much of the new supply remains very concentrated in the downtown core areas; excluding Yaletown, which along with False Creek North, has a lack of supply in the $450,000 - $600,000 price bracket. We expect modest conditions to continue through August prior to the regular increase in market activity in September and October.
Listing versus Sales update for August 10th to August 17th
216 new listings in the Vancouver West Region with 133 (62%) falling in the downtown areas (including:West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 133 (62%)
220 total sales in the Vancouver West Region with 115 (52%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 115 (52%)
As mentioned the market continued to recover after struggling through the final week of July, and early August prior to posting gains in both transaction volume and supply in the past two weeks. Sales volume rose notably in all neighbourhoods, moving from 86 sales to 115 attached sales. Stock-markets sagged slightly on lower base metal and commodity prices to begin this week after strong performances to end the previous period. The surge in activity has brought our listing to sales ratio back to near par; with [220 : 216] ’sales to listings’ or 101% saturation – interest rates looks to remain stable through the next quarter despite the recent inflation in Canadian Dollar value.
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!
We would like to present ‘Westside Detached Stat Package’ for the week of August 4th – August 11th.
The Westside detached market continued to perform modestly in regards to both transaction volume and listing figures this past week. Sales transaction volume witnessed a resurgence after posting irregularly low numbers in the previous period, well new listing supply remained relatively static. New listings moved from 44 new detached active listings in the Vancouver West Region to 47. Sales volume posted a recovery this past week with 52 detached sales (to 29 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 active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave. Late summer tends to be a rather ‘down time’ for our detached markets due to family vacations, and relativly instability prior to the onset of the school year in September.
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 47 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 6
Cambie (CA) : 1
Dunbar (DU) : 4
Kerrisdale (KE) : 2
Kitsilano (KT) : 7
MacKenzie Heights (MH) : 2
Marpole (MR) : 5
Oakridge (OA) : 2
Point Grey (PG) : 4
Quilchena (QU) : 1
Shaughnessy (SH) : 2
South Granville (SG) : 10
University (UL) : 1
47 total new detached listings on the Westside from August 4th – August 11th.
This past week there were 52 detached sold listings (a noted improvement compared to the 29 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 52 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 6
Cambie (CA) : 3
Dunbar (DU) : 6
Kerrisdale (KE) : 4
Kitsilano (KT) : 6
Mackenzie Heights (MH) : 2
Mount Pleasant (MP) : 1
Oakridge (OA) : 2
Point Grey (PG) : 7
Quilchena (QU) : 3
South Granville (SG) : 2
Shaughnessy (SH) : 6
S.W. Marine (SW) : 3
University (UL) : 1
52 total detached sales on the Westside from August 4th – August 11th.
As we have predicted since the onset of Summer, the Westside detached activity continued to a relatively slow performance as we moved into August. 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 further flattening of the market over July and August prior to a resurgence in the early-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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