Westside Vancouver Attached Property Market Update : August 17th – August 24th
We would like to present our ‘Westside Attached Stat Package‘, for the week of August 17th – August 24th. The Westside neighbourhoods saw a drop in their share of new listings and confirmed sales transactions as the downtown moved into a definitive lead in both categories. New listing numbers continued to demonstrate resilience across Vancouver West, however; as total listing and sales numbers remained relatively strong compared to season norms. We saw 67 new attached listings on the Westside this period; down slightly from the 83 new attached listings the previous week. Sales transactions also slowed down after two consecutive weeks of improved performance; with 71 attached sales on the Westside (down from 105 the previous week). The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), but the market has remained relatively stable compared with past late-July and August activity. In following with the regular Vancouver market cycles we should see a continued lull through the last three weeks of August prior to a recovery in the early-Fall periods as we inch closer to the Olympics.
This past week there were 206 new active attached listings in the Vancouver West Region with 67 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 67 new active attached listings on the Westside were distributed as follows:
University (UL) : 10
South Granville(SG) : 1
Southlands (SL) : 1
Shaughnessy (SH) 3
Quilchena (QU) : 3
Point Grey (PG) : 2
Marpole (MR) : 4
Mount Pleasant (MP) : 1
Kitsilano (KT): 19
Kerrisdale (KE): 3
False Creek (FC) : 5
Fairview (FA) : 13
Cambie (CA) : 2
The Westisde neighbourhoods accounted for 67 : 206 or 33% of overall Vancouver West attached new listings from August 17th – August 24th.
This past week there were 177 sold attached listings in the Vancouver West Region with 71 (down sharply from 105 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 71 sold listings on the Westside were distributed as follows:
University (UL) : 14
South Cambie (SC) : 1
Quilchena (QU) : 1
Oakridge (OA) : 1
Mount Pleasant (MP) : 3
Marpole (MR) : 2
Kitsilano (KT) : 21
Kerrisdale (KE) : 7
False Creek (FC) : 1
Fairview (FA) : 15
Dunbar (DU) : 1
Cambie (CA) : 3
Arbutus (AR) : 1
The Westside neighbourhoods accounted for 71 : 177 or 40% of overall Vancouver West attached solds from August 17th – August 24th.
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!