Westside Vancouver Attached Property Market Update : June 28 - July 5
We would like to present our ‘Westside Attached Stat Package‘
for the period running from June 28 - July 5. If you have any
further questions or require more detail please get in touch with us.
Attached listing activity trended downwards across the Westside this past week as we moved into the traditionally 'low' Summer periods; a season marked by lower listing figures, sales softening, and tons of vacation time! We saw 176 new attached listings across the Westside (down notably from the 200-250 new attached listings we had been seeing previously); University remained a very active neighbourhood with 17 new attached listings, well Kitsilano and Fairview also continued to post strong supply numbers with 13 new attached listings in each neighbourhood. The Westside markets accounted for 72 new attached listings (or roughly 41% of all Vancouver West attached listings); a relatively strong showing considering the seasonal norms (though no where near the highs we've seen in the first two quarters of 2010).
Confirmed attached sales activity on the Westside remained firm this past week as we saw 61 confirmed sales on the Westside with Kitsilano posting the strongest results with 20 attached sales. The Westside neighbourhoods accounted for 61 of 124 new listings across Vancouver West or roughly 49% of Vancouver West sales volume. The sales to listing ratio on the Westside moved towards equilibrium (after being tilted towards supply for much of the last quarter) with 72 attached listings to 61 attached sales or a 84% saturation rate.
The 72
(41%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 17
South Cambie (SC) : 1
Quilchena
(QU)
: 3
Point Grey (PG) : 1
Oakridge (OA) : 3
Marpole
(MR) : 1
Mount
Pleasant (MP) : 8
Kitsilano (KT): 13
Kerrisdale (KE)
: 6
False Creek (FC) : 4
Fairview (FA) : 13
Cambie
(CA) : 2
The Westisde neighbourhoods accounted for 72 : 176 or 41% of overall Vancouver West attached new listings from June 28 - July 5.
This past week there were 124 sold attached listings in the Vancouver West Region with 61 (49%) 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 61 sold attached listings on the Westside were distributed as follows:
University (UL) : 11
Quilchena
(QU) : 2
Oakridge (OA) : 1
Marpole (MR) : 2
Mount
Pleasant (MP) : 3
Kitsilano
(KT) : 20
Kerrisdale (KE) : 2
False
Creek (FC) : 5
Fairview (FA) : 13
Cambie (CA)
: 2
The Westside neighbourhoods accounted for 61 : 124 or 49% of
overall Vancouver West attached solds 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!