Westside Vancouver Attached Property Market Update : May 17 - May 25
We would like to present our ‘Westside Attached Stat Package‘
for the period running from May 17 - May 25. If you have any
further questions or require more detail please get in touch with us.
The Westside attached market moved further towards equilibrium this past week as the Westside took a greater market share of confirmed transactions well new attached supply trended downwards for the third consecutive week. We saw 225 new attached listings across Vancouver West with 100 attached listings or roughly 44% falling in the Westside neighbourhoods. Kitsilano and Fairview continued to be the most active supply areas with 27 and 23 new attached listings respectively; well on the sales side Kitsilano posted 25 confirmed sales well Fairview came in slightly lower with 15 confirmed attached sales.
On the sales side we saw 146 confirmed transactions across Vancouver West with 76 attached sales (or roughly 52%) falling in the Westside neighbourhoods. The market moved closer to balance with a ratio of 76 : 100 sales to listings, which represents a 76% saturation rate across the Westside neighbourhoods.
The 100
(44%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 16
South
Granville (SG)
: 1
Shaughnessy (SH) : 1
Quilchena
(QU)
: 4
Oakridge (OA) : 2
Marpole
(MR) : 4
Mount
Pleasant (MP) : 3
Kitsilano (KT): 27
Kerrisdale (KE)
: 5
False Creek (FC) : 10
Fairview (FA) : 23
Cambie
(CA) : 4
The Westisde neighbourhoods accounted for 100 : 225 or 44% of overall Vancouver West attached new listings from May 17 - May 25.
This past week there were 146 sold attached listings in the Vancouver West Region with 76 (52%) 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 76 sold attached listings on the Westside were distributed as follows:
University (UL) : 7
Shaughnessy (SH) : 1
Quilchena
(QU) : 3
Point Grey (PG) : 2
Oakridge (OA) : 2
Marpole (MR) : 5
Mount Pleasant (MP) : 4
Kitsilano
(KT) : 25
Kerrisdale (KE) : 4
False
Creek (FC) : 5
Fairview (FA) : 15
Cambie (CA)
: 3
The Westside neighbourhoods accounted for 76 : 146 or 52% of
overall Vancouver West attached solds from May 17 - May 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!