We would like to present our ‘Westside Attached Stat Package‘, for the week of August 4th – August 11th. New listing numbers rebounded in the face of late-summer lulls this past week across all of Vancouver West. We saw 68 new attached listings on the Westside this period; up from the 57 new attached listings the previous week. Sales transactions, however; continued their marked fall, with 44 attached sales on the Westside (down from 58 the previous week to mark a second consecutive week of weakened sales activity). The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), and thus the drop in activity can, on the majority, be attributed to our regular cycle. 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 152 new active attached listings in the Vancouver West Region with 68 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 68 new active attached listings on the Westside were distributed as follows:
University (UL) : 8
S.W. Marine (SW) : 1
Southlands (SL) : 1
Shaughnessy (SH) : 1
Point Grey (PG) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 3
Kitsilano (KT): 18
Kerrisdale (KE): 2
False Creek (FC) : 4
Fairview (FA) : 26
Cambie (CA) : 1
The Westisde neighbourhoods accounted for 68 : 152 or 45% of overall Vancouver West attached new listings from August 4th – August 11th.
This past week there were 86 sold attached listings in the Vancouver West Region with 44 (down from 58 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 44 sold listings on the Westside were distributed as follows:
University (UL) : 4
S.W. Marine (SW) : 1
South Cambie (SC) : 1
Point Grey (PG) : 1
Mount Pleasant (MP) : 3
Kitsilano (KT) : 16
Kerrisdale (KE) : 1
False Creek (FC) : 1
Fairview (FA) : 11
Cambie (CA) : 5
The Westside neighbourhoods accounted for 44 : 86 or 51% of overall Vancouver West attached solds from August 4th – August 11th.
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!
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 4th to August 10th, 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 late-summer lull continued this past week; though we did witness a slight increase in new listing activity, we saw a very pronounced decline in sales volume as we moved into August. Vancouver West as a whole saw 152 new attached listings; a slight increase from the 118 new listings submitted last week. We also witnessed a drop in sales volume for the second consecutive week, with 86 sales (down from 139 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 the slowdown to continue through August prior to the regular seasonal market perk ups in Septemper and October.
Listing versus Sales update for August 4th to August 10th
152 new listings in the Vancouver West Region with 84(55%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 84 (55%)
86 total sales in the Vancouver West Region with 42 (49%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 81
We saw a slight recovery in new listing activity this past week after a severe drop-off the week before as we entered the seasonal slow period marked by the onset of August, and late-summer. Sales volume dipped notably in all neighbourhoods, moving from 139 sales to 86 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 drop in late-summer sales transactions altered our listing to sales ratio; [86 : 152] ’sales to listings’ or 57% 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 July 27th – August 4th.
The Westside detached market experienced a drop-off in both transaction volume and listing figures this past week, marking a distruption in what had been a fairly static market dynamic since mid-March, as new listing and sales figures fell below what we have to come identify as ‘norms’ over the first two quarters of 2009; new listings moved from 77 new detached active listings in the Vancouver West Region to 44. Sales volume also fell off sharply this past week with 29 detached sales (to 60 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 44 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 2
Cambie (CA) : 2
Dunbar (DU) : 2
Kerrisdale (KE) : 2
Kitsilano (KT) : 5
MacKenzie Heights (MH) : 5
Marpole (MR) : 4
Oakridge (OA) : 3
Point Grey (PG) : 3
Quilchena (QU) : 2
Shaughnessy (SH) : 4
South Granville (SG) : 9
Southlands (SL) : 1
44 total new detached listings on the Westside from July 27th – August 4th.
This past week there were 29 detached sold listings (a drop-off of 50% compared to the 60 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 29 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 3
Cambie (CA) : 2
Dunbar (DU) : 5
Kitsilano (KT) : 3
Mackenzie Heights (MH) : 1
Oakridge (OA) : 2
Point Grey (PG) : 5
Quilchena (QU) : 1
South Cambie (SC) : 1
South Granville (SG) : 2
Shaughnessy (SH) : 2
S.W. Marine (SW) : 2
29 total detached sales on the Westside from July 27th – August 4th.
As we have predicted since the onset of Summer, the Westside detached activity fell off notably at the beginning of August as we witnessed the regular ’seasonally low’ period of our real estate cycle. 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!
We would like to present our ‘Westside Attached Stat Package‘, for the week of July 27th – August 4th. New listing numbers took a significant, if somewhat predictable, late-summer falls this past week across all of Vancouver West. We saw 57 new attached listings on the Westside this period; down from the 86 new attached listings the previous week. Sales transactions also decreased, with 58 attached sales on the Westside (down from 86 the previous week). The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), and thus the drop in activity can, on the majority, be attributed to our regular cycle. We have witnessed a return of the international buyer with a number of individuals from the USA and Asia looking to take advantage of the pre-Olympic lull in pricing, and competitive financing options. As per usual we expect a slight seasonal lull through the late-Summer months as people begin to take vacations, and enjoy the weather!
This past week there were 118 new active attached listings in the Vancouver West Region with 57 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 57 new active attached listings on the Westside were distributed as follows:
University (UL) : 6
South Cambie (SC) : 1
Shaughnessy (SH) : 2
Quilchena (QU) : 1
Point Grey (PG) : 3
Marpole (MR) : 1
Mount Pleasant (MP) : 1
Kitsilano (KT): 13
Kerrisdale (KE): 3
False Creek (FC) : 5
Fairview (FA) : 14
Dunbar (DU) : 4
Cambie (CA) : 3
The Westisde neighbourhoods accounted for 57 : 118 or 48% of overall Vancouver West attached new listings from July 27th – August 4th.
This past week there were 139 sold attached listings in the Vancouver West Region with 58 (down from 86 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 58 sold listings on the Westside were distributed as follows:
University (UL) : 7
Shaughnessy (SH) : 4
South Granville (SG) : 1
South Cambie (SC) : 3
Marpole (MR) : 1
Mount Pleasant (MP) : 5
Kitsilano (KT) : 22
Kerrisdale (KE) : 1
False Creek (FC) : 4
Fairview (FA) : 10
The Westside neighbourhoods accounted for 58 : 139 or 42% of overall Vancouver West attached solds from July 27th – August 4th.
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 July 27th to August 4th, 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. August has historically been a slow period for our markets as late-summer vacation periods, and general seasonal conditions often lead to low supply and transaction figures prior to resurgences in September and October. Vancouver West as a whole saw 118 new attached listings; an notable decrese from the 221 new listings submitted last week. We also witnessed a drop in sales volume with 139 sales (down from 176 confirmed in the previous period). There also remains an access demand for larger 1-bdrm (700 + sqft), and lower-end 2-bdrm product in the $450,000 to $550,000 range; especially in the Yaletown and False Creek North areas.
Listing versus Sales update for June 27th to August 4th
118 new listings in the Vancouver West Region with 61(52%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 61
139 total sales in the Vancouver West Region with 81(51%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 81
Not surprisingly, we saw a relatively severe drop in new listing activity this past week as we entered the seasonal slow period marked by the onset of August, and late-summer. Sales volume continued to show stability in the face of what appears to be economic recovery, moving from 176 sales to 139 attached sales. After a slight set-back late last week; the TSX played catch-up Tuesday, and surged forward (up 195 points); the rise being driven primarily by base metal prices, and good news in the housing, manufacturing, and banking sectors. The draw-back in late-summer supply skewed our listing to sales ratio somewhat as demand remained fairly active; [139 : 118] ’sales to listings’ or 118% saturation – interest rates looks to remain stable through the next quarter.
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!
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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