We have compiled sales and listings statistics for the period running
from June 28th through July 5th,
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.
Attached listing activity trended downwards in the downtown markets after posting aggressive numbers for much of the second quarter 2010; we saw 104 new attached listings downtown (compared to an average of 130-150 new attached listings in the previous month). False Creek North and Coal Harbour posted the lowest supply numbers with 7 and 11 new attached listings in each neighbourhood well the downtown core continued to remain relatively stable with 65 new attached listings. The downtown neighbourhoods accounted for 104 of 176 new attached listings across Vancouver West or roughly 59% of total new attached supply.
Confirmed sales remained quite stable this past week as we moved closer towards demand and supply equilibrium (though the Westside remains a more competitive attached market); we saw 63 confirmed attached sales downtown this weekend (within the mean range we've seen over the past month from 60-75 sales). Coal Harbour posted the lowest sales activity with just 1 confirmed attached sale well the downtown core had the greatest inconsistency between listing and sales activity with just 34 confirmed sales to 65 new attached listings or a 52% saturation rate.
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
176 new listings in the Vancouver West Region with 104 (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: 65 (63%)
- Coal
Harbour: 11 (10%)
- West
End: 21 (20%)
- False
Creek North: 7 (7%)
TOTAL : 104 (59%)
124 total sales in the Vancouver West Region with 63
(51%)
falling in the downtown areas.
Sales Per Sub-Area:
- Downtown
Core: 34 (54%)
- West
End: 16 (25%)
- Coal
Harbour: 1 (2%)
- False
Creek North: 10 (16%)
TOTAL : 63 (51%)
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!
We have compiled sales and listings statistics for the period running
from April 27th through May 4th,
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
listing supply returned to more median levels this past week after
jumping slightly in the previous period; we saw 302 new attached
listings across Vancouver West (compared to 368 new attached
listings in the previous week). The downtown neighbourhoods
accounted for 155 new attached listings or roughly 51% of
all new attached listing supply in Vancouver West. The downtown areas
accounted for slighly less-the-average proportions of the new listing
supply this past week; falling from the 55% posted in the
previous period. Coal Harbour fell back
after posting seasonal highs, with 18 new attached listings this
past week (compared to 33 attached listings in the previous period).
Confirmed
sales volume also trended downwards this past week after rebounding in
the previous period; we saw 145 confirmed attached sales across
Vancouver West (down from 173 confirmed attached sales the
previous week). The downtown markets accounted for 79 new attached
listings or roughly 54% of all Vancouver West attached
supply; this number was up from only 49% of all confirmed sales
in the previous week, indicating the fall in sales volume was more
evident in the Westside markets as downtown took a larger market share
of sales volume despite posting lower total numbers.
In
other news; interest rates continued to rise with news of additional
rate increases in the coming weeks. Major lenders are targeting
shorter-term fixed rate mortgages for interest hikes, but many mortgage
brokers have the opportunity to lock clients into lower then average
rates for a short period; 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 April 27 - May 4
302
new listings in the Vancouver West Region with 155 (51%)
falling in the downtown areas (including: West End, Downtown,
Coal
Harbour, and False
Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown
Core: 92 (59%)
- Coal
Harbour: 18 (12%)
- West
End: 28 (18%)
- False
Creek North: 17 (11%)
TOTAL : 155 (51%)
145 total sales in the Vancouver West Region with 79
(54%)
falling in the downtown areas.
Sales Per Sub-Area:
- Downtown
Core: 38 (48%)
- West
End: 21 (27%)
- Coal
Harbour: 8 (10%)
- False
Creek North: 12 (15%)
TOTAL : 69 (54%)
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.
for up to date statistics, new listings, and all relevant real estate
news!