Westside Vancouver Attached Property Market Update : July 13th – July 20th
We would like to present our ‘Westside Attached Stat Package‘, for the week of July 13th – July 20th. New listing numbers remained below seasonal norms; though quite steady, as we saw 76 new attached listings on the Westside this period; up a bit from the 63 new attached listings the previous week (this marks a break in the downward trend we had seen over the previous 3 weeks). Sales transactions also finally stabilized after three straight negative weeks, with 67 attached sales on the Westside (up from 61 the previous week). Supply of attached product has continued to tighten on the Westside, following the detached market where the supply-side has seen lows since around mid-March. We have witnessed a return of the international buyer with a number of individuals from the USA and Asia looking to take advantage of the pre-Olympic lull in pricing, and competitive financing options. As per usual we expect a slight seasonal lull through the late-Summer months as people begin to take vacations, and enjoy the weather!
This past week there were 192 new active attached listings in the Vancouver West Region with 76 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.
The 76 new active attached listings on the Westside were distributed as follows:
University (UL) : 16
South Cambie (SC) : 1
Shaughnessy (SH) : 2
Quilchena (QU) : 2
Oakridge (OA) : 2
Marpole (MR) : 2
Mount Pleasant (MP) : 2
Kitsilano (KT): 17
Kerrisdale (KE): 2
False Creek (FC) : 2
Fairview (FA) : 25
Cambie (CA) : 3
The Westisde neighbourhoods accounted for 76 : 192 or 40% of overall Vancouver West attached new listings from July 13th – July 20th.
This past week there were 164 sold attached listings in the Vancouver West Region with 67 (up from 61 last week) 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 67 sold listings on the Westside were distributed as follows:
University (UL) : 4
Shaughnessy (SH) : 2
South Granville (SG) : 1
South Cambie (SC) : 2
Point Grey (PG) : 4
Oakridge (OA) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 2
Kitsilano (KT) : 22
Kerrisdale (KE) : 2
False Creek (FC) : 5
Fairview (FA) : 18
Cambie (CA) : 2
The Westside neighbourhoods accounted for 67 : 164 or 41% of overall Vancouver West attached solds from July 13th – July 20th.
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!
Westside resident? Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!