Westside Vancouver Detached Property Market Update : May 17 - May 25
We would like to present ‘Westside Detached Stat Package’ for the
week of May 17 - May 24.
New detached listing supply on the Westside trended downwards this week after posting quarterly highs during the first three weeks of May. We saw 72 new detached listings across the Westside with South Granville and Dunbar leading the way with 9 and 8 new detached listings in each respective neighbourhood.
Confirmed detached sales transactions also trended downwards, though to a far lesser degree; as we moved closer to equilibrium conditions on the Westside. This past week we saw 37 confirmed detached sales in the Westside nieghbourhoods with South Granville and Dunbar again leading the way with 5 sales in each neighbourhood.
Decreases in supply volume as we approach the summer months is fairly regular, as most Westside neighbourhoods demonstrate market softening during the high-Summer months. This effect can be attributed mostly to summer vacations, scheduling, and buyer activity.
Please
note if your neighbourhood is not included in the weekly list it
indicates there were zero (0) confirmed sales in your area for
that period.
The 72 new detached active listings on the Westside
were distributed as follows:
Arbutus (AR)
: 6
Cambie (CA) : 2
Dunbar (DU) : 8
Kerrisdale
(KE) : 6
Kitsilano (KT) : 5
Mackenzie
Heights (MH) : 6
Mount Pleasant (MP) : 3
Marpole
(MR) : 4
Oakridge (OA) : 2
Point Grey (PG)
: 5
Quilchena (QU) : 3
South
Granville (SG) : 9
Shaughnessy (SH) : 4
Southlands
(SL)
: 4
S.W. Marine (SW) :3
University (UL) : 2
72 total
new
detached listings on the Westside from May 17 - May 25.
This
past week there were 44 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 37 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 3
Cambie (CA) : 4
Dunbar (DU)
: 5
Fairview (FA) : 1
Kerrisdale (KE) : 2
Kitsilano (KT) : 3
Mackenzie
Heights (MH) : 3
Marpole (MR) : 2
Oakridge (OA)
: 1
Point Grey (PG) : 3
South
Granville (SG) : 5
Shaughnessy (SH): 2
S.W. Marine (SW) : 1
University (UL) : 2
37 total detached sales
on the Westside
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!