Westside Vancouver Detached Property Market Update : January 12th - 19th
We have compiled sales and listings statistics for the period running from January 12th to January 19th, 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. New listing figures continued to carry a post-holiday momentum, and consumer confidence remains the key issue as sales volumes stay well below seasonal averages.
Listing versus Sales update for January 12 - January 19
250 new listings in the Vancouver West Region with 150 (60%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 71 (47%)
- Coal Harbour: 21 (14%)
- West End: 17 (12%)
- False Creek North: 41 (27%)
TOTAL : 150
44 total sales in the Vancouver West Region with 26 (59%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 12 (47%)
- West End: 5 (19%)
- Coal Harbour: 5 (19%)
- False Creek North: 4 (15%)
TOTAL : 26
The influx of post-holiday listings continues this week as we believe it will through February. Sales volume continues to lag leaving us with an over-abundance of listings on the market with relatively minimal buyer response. Sales were up 59% (44 to the past weeks 27), but the number remains well below seasonal norms. We can only hope consumer confidence issues ease somewhat, and allow for a greater amount of transactions. The sales to listing ratio rises a single percent to [44 : 250] or 17%. Of those sales the majority of product moved in the $300,000 to $600,000 price bracket. New listing continued their return to pre-holiday levels.
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.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
Susan