Westside Vancouver Detached Property Market Update : February 22 - March 1
We would like to present ‘Westside Detached Stat Package’ for the week of February 22 - March 1.
The Westside Detached market returned to pre-Olympic levels this past week after posting strong gains going into the 2010 Games. We saw 58 new detached listings on the Westside (down from approximately 80 per week in the periods prior), with Cambie and Dunbar remaining the strongest markets with 10 and 9 new listings respectively. The detached market on the Westside had been quite hot on the buyer side through the end of January and as such we saw quite a supply increase through the first two weeks of February. The effect of hosting the Olympics plus a degree of demand balance has caused supply to fall back slightly; though we expect activity to pick up as the Spring season comes into full effect.
Confirmed sales on the Westside remained fairly steady through February, and we saw similar numbers this past week as the neighbourhoods as a whole posted 38 detached sales. Dunbar and South Granville posted the highest confirmed sales numbers with 5 and 6 confirmed sales in each neighbourhood respectively.
Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) confirmed sales in your area for that period.
The 58 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 4
Cambie (CA) : 10
Dunbar (DU) : 9
Kitsilano (KT) : 5
Marpole (MR) : 4
Oakridge (OA) : 4
Point Grey (PG) : 7
Quilchena (QU) : 3
South Cambie (SC) : 1
South Granville (SG) : 9
Shaughnessy (SH) : 1
University (UL) : 1
58 total new detached listings on the Westside from February 22 - March 1.
This past week there were 38 detached sold listings 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 38 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 3
Cambie (CA) : 3
Dunbar (DU) : 5
Kerrisdale (KE) : 4
Kitsilano (KT) : 2
Mackenzie Heights (MH) : 3
Marpole (MR) : 4
Oakridge (OA) : 1
Point Grey (PG) : 2
South Cambie (SC) : 2
South Granville (SG) : 6
Shaughnessy (SH): 3
Southlands (SL) : 1
38 total detached sales on the Westside from February 22 - March 1.
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!