Downtown Vancouver Attached Property Market Update : May 17 - May 25
We have compiled sales and listings statistics for the period running
from April 17th through May 25th,
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 attached listing supply fell for the second consecutive week as we moved closer to the 'Summer period', which is usually marked by lower listing and sales activites throughout Vancouver West. This past week we saw 225 new attached listings across Vancouver West with 125 or roughly 56% of those falling in the downtown neighbourhoods. The downtown core remained the most active with 64 new attached listings (roughly 51% of all downtown neighbourhood supply) well False Creek North and Coal Harbour posted 16 new attached listings in each respective neighourbood (which is roughly 13% of new downtown attached listing supply).
Sales volume remained relatively stable this past week with 70 attached sales downtown (within the mean 75-90 sales range we have seen fairly consistently during quarter one 2010). We saw 146 attached sales across Vancouver West, with downtown accounting for 48% of all attached sales for the period. The downtown core again led the way among the downtown neighbourhoods with 45 attached sales, with False Creek North and Coal Harbour posting the lowest figures with 7 attached sales in each respective neighbourhood.
In
other news; interest rates continued to rise with news of additional
rate increases in the coming weeks. Major lenders are targeting
shorter-term fixed rate mortgages for interest hikes, but many mortgage
brokers have the opportunity to lock clients into lower then average
rates for a short period; contact us for more info!
If you're interested in more specific building or neighbourhood sales
and listing information please get in touch with Susan at (604)970-3658.
Listing
versus Sales update for May 17 - May 25
225 new listings in the Vancouver West Region with 125 (56%)
falling in the downtown areas (including: West End, Downtown,
Coal
Harbour, and False
Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 64 (51%)
- Coal Harbour: 16 (13%)
- West End: 29 (23%)
- False Creek North: 16 (13%)
TOTAL : 125 (56%)
146 total sales in the Vancouver West Region with 70 (48%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 45 (64%)
- West End: 11 (16%)
- Coal Harbour: 7 (10%)
- False Creek North: 7 (10%)
TOTAL : 70 (48%)
Due to the wide variety of
product available
downtown it remains important to look at micro-trending in your
building and neighbourhood when considering buying or selling; for more
detailed information please give Susan a call at (604)970-3658.
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.susankeevil.com and www.vancouverrealtyonline.com
for up to date statistics, new listings, and all relevant real estate
news!