Downtown Vancouver Attached Property Market Update : June 14 - June 21
We have compiled sales and listings statistics for the period running
from June 14th through June 21st,
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 activity remained relatively consistent this past week with 242 new attached listings across Vancouver West; which is within the normal range we've come to expect through the first half of 2010 with an average new listing range of between 230-270 new attached listings per week. The downtown neighbourhoods accounted for a slightly larger share of new listing volume with 134 new attached listings or roughly 55% of all new attached listing supply across Vancouver West. Among the downtown neighbourhoods the ratios also stayed quite stable with the downtown core neighbourhoods continuing to post around 50% of listing activity with 67 new attached listings; the West End was the next busiest listing area with 30 new attached listings, well False Creek North and Coal Harbour were less prevalent with 17 and 20 new attached listings respectively.
Confirmed sales also maintained a fairly consistent rate this past week with 127 confirmed attached sales across Vancouver West; well the downtown neighbourhoods continue to post higher-average listing numbers they also continue to under-perform on the sales side with 60 confirmed attached sales or roughly 47% of all Vancouver West sales activity. The downtown core neighbourhoods continues to perform at a sales to listing ratio of below 0.5 with 28 confirmed sales : 67 new attached listings. The West End, Coal Harbour, and False Creek North all posted slightly better sales to listing numbers, but all downtown neighbourhoods remained below full saturation rate (a 1:1 sales to listing ratio).
In more general
economic news Conservative Finance Minister Jim Flaherty continued to bang the 'positive bell' today citing responsible fiscal policies and leading growth rates as solid under-pinnings for a strong long-term Canadian dollar. Interest rates seem poised to remain stable over the short-term though the rising dollar and possible inflation increases may cause the Fed to look at future hikes in the coming months; 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 June 14 - June 21
242
new listings in the Vancouver West Region with 134 (55%)
falling in the downtown areas (including: West End, Downtown,
Coal
Harbour, and False
Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 67 (50%)
- Coal Harbour: 20 (15%)
- West End: 30 (22%)
- False Creek North: 17 (13%)
TOTAL : 134 (55%)
127 total sales in the Vancouver West Region with 60 (47%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 28 (47%)
- West End: 16 (27%)
- Coal Harbour: 6 (9%)
- False Creek North: 10 (17%)
TOTAL : 60 (47%)
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, www.vancouverrealtyonline.com, and www.coalharbourscondos.com
for up to date statistics, new listings, and all relevant real estate
news!