We have compiled sales and listings statistics for the period running from September 21st to September 28th, 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. We continued to see growth in attached listing supply as new listing numbers trended upwards for the third straight week into late-September. Sales volume recorded a moderate recovery as transaction volume moved from 136 confirmed sales in Vancouver West to 165 confirmed sales over this past week. The downtown neighbourhoods only accounted for a small margin of this increase, however; as sales moved from 87 sales to 90 sales in the downtown areas. False Creek North and Yaletown continue to be heavily in demand, especially in the mid-grade price brackets; ranging from around $400,000 up to $700,000. Well-priced listings are moving at a hectic pace in these markets! Vancouver West as a whole saw 286 new attached listings; supply increased for the third straight week, up from the 219 new listings submitted last week. Sales volume saw another slight increase, with 165 sales (up from 136 confirmed in the previous period). Supply remains limited in the 1-bedroom market with sales of properties under the $450,000 mark continuing to be brisk; Yaletown and False Creek North continue to demonstrate pent up demand conditions. We expect modest conditions to continue through mid-September prior to the regular increase in market activity in the Fall.
Listing versus Sales update for September 21st to September 28th
286 new listings in the Vancouver West Region with 156 (55%) falling in the downtown areas (including:West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 156 (55%)
165 total sales in the Vancouver West Region with 90 (54%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 90 (54%)
The downtown markets accounted for only a slight percentage of the overall Vancouver West sales increases this past week. New listing activity rebounded for the third straight week; though as mentioned the distribution of the new listings remains focused in certain areas. The downtown markets took a lower-then-average percentage of the Vancouver West market share; with 55% of new listings falling in the downtown neighbourhoods, and 54% 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, and over-supply in others; we have [165 : 286] ’sales to listings’ or 58% saturation – interest rates remained stationary this past week with most lenders offering in the range of 4.19% on a fixed 5-year term.
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 September 15th – September 21st.
The Westside Detached market saw a firming up of sales conditions as confirmed transaction volume rose significantly after three weeks of below average performance to end August and begin September. Supply numbers remain steady, moving to 80 new detached active listings in the Vancouver West Region; up from 79 the previous week. We saw 50 detached sales (up more then 50% from the 21 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. 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 80 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 6
Cambie (CA) : 4
Dunbar (DU) : 10
Kerrisdale (KE) : 4
Kitsilano (KT) : 10
MacKenzie Heights (MH) : 4
Marpole (MR) : 5
Oakridge (OA) : 2
Point Grey (PG) : 5
Quilchena (QU) : 6
South Granville (SG) : 7
Shaughnessy (SH) : 6
Southlands (SL) : 3
S.W. Marine (SW) : 3
University (UL) : 3
80 total new detached listings on the Westside from September 15 – September 21.
This past week there were 50 detached sold listings (compared to the 21 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 50 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 1
Cambie (CA) : 2
Dunbar (DU) : 7
Kerrisdale (KE) : 4
Kitsilano (KT) : 4
Mackenzie Heights (MH) : 3
Marpole (MR) : 4
Point Grey (PG) : 10
Quilchena (QU) : 1
South Cambie (SC) : 2
South Granville (SG) : 8
Shaughnessy (SH): 3
Southlands (SL) : 1
50 total detached sales on the Westside from September 15 – September 21.
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!
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!
We have compiled sales and listings statistics for the period running from September 15th to September 21st, 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. Sales volume continued to perform modestly, not quite reaching the record setting highs we witnessed in July and August. In the downtown markets this has a lot more to do with the quality, quantity, and location of desirable listings then more global economic variables. New listings continued to trend upwards, but the spacial distribution of the listings did not curb demand in the 'hotter' downtown areas. False Creek North and Yaletown continue to be heavily in demand, especially in the mid-grade price brackets; ranging from around $400,000 up to $700,000. Well-priced listings are moving at a hectic pace in these markets! Vancouver West as a whole saw 219 new attached listings; supply rebounded for the second straight week, up from the 209 new listings submitted last week. Sales volume saw a slight increase, with 136 sales (up from 125 confirmed in the previous period). Supply remains limited in the 1-bedroom market with sales of properties under the $450,000 mark continuing to be brisk; Yaletown and False Creek North continue to demonstrate pent up demand conditions. We expect modest conditions to continue through mid-September prior to the regular increase in market activity in the Fall.
Listing versus Sales update for September 15th to September 21st
219 new listings in the Vancouver West Region with 125 (57%) falling in the downtown areas (including:West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 125 (57%)
136 total sales in the Vancouver West Region with 87 (64%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 87 (64%)
Sales volume saw a moderate recovery in the downtown market with gains in most areas. New listing activity rebounded noticeably; though as mentioned the distribution of the new listings remains focused in certain areas. The downtown markets took a moderate percentage of the Vancouver West market share; with 57% of new listings falling in the downtown neighbourhoods, and 64% 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, and over-supply in others; we have [136 : 219] ’sales to listings’ or 62% saturation – interest rates fell last week with most lenders offering in the range of 4.19% on a fixed 5-year term.
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 September 1st – September 8th.
The Westside Detached market demonstrated rather sluggish sales figures for the third consecutive week as supply of product in certain neighbourhoods remains low. During the second week of September, supply numbers moved to 79 new detached active listings in the Vancouver West Region; up from 63 the previous week. We saw 21 detached sales (down from 40 the previous week). This marks yet another drop in sales activity. 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. 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 78 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 8
Dunbar (DU) : 8
Fairview (FA) : 1
Kerrisdale (KE) : 5
Kitsilano (KT) : 6
MacKenzie Heights (MH) : 3
Mount Pleasant (MP) : 2
Marpole (MR) : 5
Oakridge (OA) : 1
Point Grey (PG) : 4
Quilchena (QU) : 3
Shaughnessy (SH) : 6
Southlands (SL) : 7
South Cambie (SC) : 2
South Granville (SG) : 7
S.W. Marine (SW) : 4
University (UL) : 1
78 total new detached listings on the Westside from September 8 – September 15.
This past week there were 21 detached sold listings (another drop compared to the 40 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 21 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 1
Dunbar (DU) : 1
Kitsilano (KT) : 2
Mackenzie Heights (MH) : 3
Marpole (MR) : 2
Oakridge (OA) : 1
South Granville (SG) : 3
Shaughnessy (SH) : 2
University (UL) : 1
21 total detached sales on the Westside from September 8 – September 15.
New listing supply ended on a relatively strong note, well we saw a notable drop off in confirmed sales in the second week of 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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