Blog by Susan Keevil

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Westside Vancouver Detached Property Market Update : August 23 - August 30

We would like to present ‘Westside Detached Stat Package’ for the week of August 23 - August 30.

Detached listing supply remained stable for the third consecutive week with 45 new detached listings (down slightly from 45 detached listings in the previous period).  Dunbar remained quite active on the listing side with 7 new detached listings, well Arbutus and Point Grey also continued to contribute an above-average portion of the Westside detached listing supply with 5 new detached listings in each neighbourhood respectively.  The detached markets have continued along unabated with fairly static listing figures through the bulk of the Summer months.  Historically, we see a jump in listing activity as we move towards the fall months so stay tuned in the following weeks to see if the end of summer transition period brings about some market fluctuations.

Sales figures also remained stable this past week, with 33 confirmed detached listings across the Westside neighbourhoods (a marginal improvement from the 28 confirmed detached sales in the previous week).  Sales distributions were fairly even this week with most neighbourhoods posting between 1-3 confirmed detached sales.  Sales to listing ratio remained within our quartlery average this week with 33 confirmed detached sales to 45 new detached listings which indicates an approximate 73% saturation rating.

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 45 new detached active listings on the Westside were distributed as follows:

Arbutus (AR) : 5
Cambie
(
CA) : 4
Dunbar (DU) : 7
Kerrisdale (KE) : 1
Kitsilano (KT) : 4
Mackenzie Heights (MH) : 1
Mount Pleasant (MP) : 1
Marpole (MR) : 2
Oakridge (OA) : 2
Point Grey (PG) : 5

Quilchena (QU) : 1
South Granville (SG) : 3
Shaughnessy (SH) : 4
S.W. Marine (SW) : 4
University (UL) : 1

45
total new detached listings on the Westside from August 23 - August 30.

This past week there were 33 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 33 detached sold listings on the Westside were distributed as follows:

Arbutus (AR) : 3
Cambie (CA) : 2
Dunbar (DU) : 3
Kerrisdale (KE) : 1
Kitsilano (KT) : 3
Mackenzie Heights (MH) : 3
Marpole (MR) : 2
Oakridge (OA) : 3
Point Grey (PG) : 3
Quilchena (QU) : 2
Shaughnessy (SH): 2
South Granville (SG) : 3
Southland (SL) : 1
S.W. Marine (SW) : 1
University (UL) : 1

33 total detached sales on the Westside from August 23 - August 30.

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!