Westside Vancouver Attached Property Market Update : August 16th - August 23rd
We would like to present our ‘Westside Attached Stat Package‘
for the period running from August 16th - August 23rd. If you have
any
further questions or require more detail please get in touch with us.
Supply conditions trended sharply downwards on the Westside this past week with 58 new attached listings (compared to 80 new attached listings in the previous period). Vancouver West as a whole, however; maintained a relatively stable supply number with 166 new attached listings (down slightly from 176 new attached listings in the previous period) leading us to conclude the bulk of the new listing activity occured in the downtown neighbourhoods (65% to be precise). The high-density Fairview and Kitsilano neighbourhoods continued to post the strongest attached supply numbers with 13 and 15 new attached listings in each area respectively.
Sales figures trended downwards across the Westside with 36 confirmed attached sales (down from 47 confirmed sales in the previous period). The Westside continued to account for roughly 50% of sales activity across Vancouver West with 36 of 74 confirmed transactions on the Westside. Fairview continued to post the strongest sales with 11 confirmed attached sales with University also posting strong results with 11 confirmed sales. The Westside sales to listing ratio remained relatively strong with 36 confirmed attached sales to 58 new attached listing this week.
The 58
(35%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 6
Southlands (SL) : 1
South Cambie (SC) : 3
Quilchena
(QU)
: 3
Point Grey (PG) : 3
Marpole
(MR) : 3
Mount
Pleasant (MP) : 3
Kitsilano (KT): 15
Kerrisdale (KE)
: 2
False Creek (FC) : 3
Fairview (FA) : 13
Cambie
(CA) : 3
The Westisde neighbourhoods accounted for 58 : 166 or 35% of overall Vancouver West attached new listings from August 16th - August 23rd.
This past week there were 74 sold attached listings in the Vancouver West Region with 36 (48%) 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 36 sold attached listings on the Westside were distributed as follows:
University (UL) : 10
Quilchena
(QU) : 1
Point Grey (PG) : 3
Marpole (MR) : 2
Mount Pleasant (MP) : 1
Kitsilano
(KT) : 6
Kerrisdale (KE) : 1
False
Creek (FC) : 1
Fairview (FA) : 11
The Westside neighbourhoods accounted for 36 : 74 or 48% of
overall Vancouver West attached solds from August 16th - August 23rd.
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!