Downtown Vancouver Attached Property Market Update : August 16th - August 23rd
We have compiled sales and listings statistics for the period running
from August 16th through August 23rd,
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.
Supply conditions remained stable across Vancouver West this past week with 166 new attached listings (down slightly from the 176 new attached listings in the previous period); the downtown neighbourhoods accounted for 108 new attached listings or roughly 65% of all new attached supply across Vancouver West. The downtown core remained the most active neighbourhood due to density with 64 new attached listings well the West End and False Creek North remained static with 17 and 16 new attached listings in each neighbourhood respectively.
The sales trended downwards in late-August after quieting down for the last week of July and first two weeks of August. Across Vancouver West we saw 74 confirmed attached sales this week (down from the 108 confirmed sales in the previous period). The downtown core continued to lead the way with 22 confirmed attached sales, well Coal Harbour continued to struggle with just 2 attached sales this past week (though the neighbourhood also posted lower-then-average supply figures with 11 new attached listings). The downtown neighbourhoods posted a below-average sales to listing ratio this past week with 38 confirmed attached sales to 108 new attached listings or roughly a 35% saturation rate.
If you're
interested in more specific building or neighbourhood sales
and listing information please get in touch with Susan at (604)970-3658.
Listing
versus Sales update for August 16th - August 23rd
166
new listings in the Vancouver West Region with 108 (65%)
falling in the downtown areas (including: West End, Downtown,
Coal
Harbour, and False
Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 64 (59%)
- Coal Harbour: 11 (10%)
- West End: 17 (16%)
- False Creek North: 16 (15%)
TOTAL : 108 (65%)
74 total sales in the Vancouver West Region with 38 (52%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 22 (58%)
- West End: 8 (21%)
- Coal Harbour: 2 (5%)
- False Creek North: 6 (16%)
TOTAL : 38 (52%)
Due to the wide variety of
product available
downtown it remains important to look at micro-trending in your
building and neighbourhood when considering buying or selling; for more
detailed information please give Susan a call at (604)970-3658.