Westside Vancouver Detached Property Market Update : June 28 - July 5
We would like to present ‘Westside Detached Stat Package’ for the
week of June 28 - July 5.
The summer period is traditional a slow one for the Westside neighbourhoods with much of the family demographic taking vacation time, and preferring to wait until the more traditional fall seasons to list many detached homes. As such, we saw a notable drop in new detached listing supply this week with just 43 new detached listings across the Westside (compared to 70-80 new listing range in the previous months). Shaughnessy and South Granville posted the top numbers with 7 new detached listings and 6 new detached listings respectively. Most other neighbourhoods posted more moderate listing supply with a median supply of approximately 3.5 new listings in each neighbourhood.
Confirmed detached sales on the otherhand remained relatively stable as buyers continued to have a good selection of product from which to chose from, and deals completed in the earlier summer months continued to register with the real estate board. We saw 36 confirmed detached sales this past week (which is within our median range of 30-40 sales per week); Dunbar continued to be a 'hot' market with 8 confirmed detached sales well Cambie and Point Grey also posted strong sales number with 7 detached sales and 5 detached sales respectively.
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 43 new detached active listings on the Westside
were distributed as follows:
Arbutus (AR)
: 4
Cambie (CA) : 1
Dunbar (DU) : 3
Kerrisdale
(KE) : 4
Kitsilano (KT) : 4
Mackenzie
Heights (MH) : 3
Marpole
(MR) : 4
Point Grey (PG)
: 4
Quilchena (QU) : 1
South
Granville (SG) : 6
Shaughnessy (SH) : 7
S.W. Marine
(SW) : 1
University (UL) : 1
43 total
new
detached listings on the Westside from June 28 - July 5.
This
past week there were 36 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 36 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 4
Cambie (CA) : 1
Dunbar (DU)
: 3
Kerrisdale (KE) : 4
Kitsilano
(KT) : 4
Mackenzie
Heights (MH) : 3
Marpole (MR) : 4
Point Grey (PG) : 4
Quilchena
(QU) : 1
South
Granville (SG) : 6
Shaughnessy (SH): 7
S.W. Marine (SW) : 1
University (UL) : 1
36 total detached sales
on the Westside
from June 28 - July 5.
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!