Downtown Vancouver Attached Property Market Update : July 12 - July 19
We have compiled sales and listings statistics for the period running
from July 12th through July 19th,
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.
Supply conditions continued to tighten in the downtown markets with 89 new attached listings this past week (compared to 118 attached listings downtown in the previous period). As a whole Vancouver West attached supply trended downwards after posting a slight recovery in the previous week with 172 new attached listings (down from 209 new attached listings in the previous week). Entry level downtown conditions remained very tight as sub-$500,000 properties continued to move with regularity and relatively low days on the market numbers. The luxury markets continued to provide potential buyers with more options as supply conditions remained relatively loose as we saw 14 new attached listings in Coal Harbour to 6 confirmed sales in the neighbourhood.
Confirmed sales volume remained stable this past week; giving sellers a little breathing room with dropping supply numbers. Across Vancouver West we saw 108 confirmed attached sales (down marginally from the 118 confirmed sales we saw in the previous week); the downtown markets accounted for only a small percentage of the decrease with 68 confirmed attached sales this past week (down very slightly from the 70 confirmed sales in the previous period). The downtown core remained the busiest market (due to density) with 29 confirmed sales; though False Creek North also continued to post strong numbers with 18 confirmed attached transactions. Coal Harbour continued to struggle on the sales side with just 6 confirmed attached sales this past week.
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 July 12 - July 19
172 new listings in the Vancouver West Region with 89 (52%)
falling in the downtown areas (including: West End, Downtown,
Coal
Harbour, and False
Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 46 (52%)
- Coal Harbour: 14 (16%)
- West End: 16 (18%)
- False Creek North: 13 (14%)
TOTAL : 89 (52%)
108 total sales in the Vancouver West Region with 68 (63%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 29 (42%)
- West End: 15 (22%)
- Coal Harbour: 6 (10%)
- False Creek North: 18 (26%)
TOTAL : 68 (63%)
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!