Downtown Vancouver Attached Property Market Update : February 22 - March 1
We have compiled sales and listings statistics for the period running from February 22nd to March 1st,
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.
As the hugely successful Vancouver 2010 Olympic games come to a close we see a rebound in new listing supply with 189 new listings across Vancouver West this past week with 112 sales or 59% of overall volume falling in the downtown markets. The downtown core continued to account for roughly 50% of all solds downtown with 59 new attached listing; False Creek North grabbed the 'silver' with 21 new attached listings. Predictably, confirmed sales volume is lagging behind slightly as deals waiting for the Olympic rush to close will most likely see completions in the next 2-3 weeks. We saw 90 attached sales this past week with 39 or roughly 43% of those sales falling in the downtown neighbourhoods. With the recent positive news regarding Canadian GDP, whispers remain that interest rates may be on the rise in the near future; combine that with the new Federal mortgage regulations and upcoming HST, and we should see heightened buyer activity over the next quarter.
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 February 22 - March 1
189 new listings in the Vancouver West Region with 112 (59%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 59 (53%)
- Coal Harbour: 14 (12%)
- West End: 18 (16%)
- False Creek North: 21 (19%)
TOTAL : 112 (59%)
90 total sales in the Vancouver West Region with 39 (43%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 21 (54%)
- West End: 7 (18%)
- Coal Harbour: 6 (15%)
- False Creek North: 5 (13%)
TOTAL : 39 (43%)
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!