Westside Vancouver Detached Property Market Update : January 18 - January 25
We would like to present ‘Westside Detached Stat Package’ for the week of January 18th - January 25th.
New detached listing conditions continued to trend upwards on the Westside as sellers moved to meet the continued demand being generated, especially in areas like Dunbar, Kitsilano, and Shaughnessy. Supply improved for a third consecutive week as we saw 76 new detached listings on the Westside (an improvement from the 57 listings we witnessed in the previous week). Dunbar remained particularly active with 12 new detached listings, leading the way on the Westside. Kitsilano, Kerrisdale, and Point Grey also had notable weeks with 8 new detached listings in each area.
Sales transactions continued to remain quite stable with 26 confirmed detached sales on the Westside (up slightly from the 22 recorded in the previous week). Dunbar again led the way with 5 confirmed sales as Kerrisdale and South Granville stood in second with 3 confirmed sales each. Demand continues to remain strong on the Westside, though with the upward trend in supply we may soon see a tighter market for sellers, and a possible increase in average days on the market for some 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 detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 7
Dunbar (DU) : 12
Kerrisdale (KE) : 8
Kitsilano (KT) : 8
Mackenzie Heights (MH) : 5
Marpole (MR) : 4
Oakridge (OA) : 2
Point Grey (PG) : 8
Quilchena (QU) : 1
South Cambie (SC) : 1
South Granville (SG) : 3
Shaughnessy (SH) : 5
Southlands (SL) : 1
S.W. Marine (SW) : 3
University (UL) : 2
76 total new detached listings on the Westside from January 18 - January 25.
This past week there were 26 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 26 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 1
Cambie (CA) : 2
Dunbar (DU) : 5
Kerrisdale (KE) : 3
Kitsilano (KT) : 2
Mackenzie Heights (MH) : 1
Marpole (MR) : 2
Oakridge (OA) : 2
Point Grey (PG) : 2
Quilchena (QU) : 1
South Granville (SG) : 3
Shaughnessy (SH): 2
26 total detached sales on the Westside from January 18 - January 25.
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!