Susan Keevil

We have compiled sales and listings statistics for the period running from July 4th through July 11th, 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.

Downtown listing supply rebounded in a big way this week after decreasing for two consecutive weeks previously; we saw 145 new attached listings downtown this week, which accounted for 54% of the aggregate 269 new attached listings across Vancouver West (a listing ratio increase from the 49% we saw downtown previously).  The high-density downtown core areas (including Gastown and downtown proper) led the way with some large gains, as we saw 60 new attached listings in the neighbourhood (up from the 37 new attached listings we saw last week). The newly labeled Yaletown neighbourhood (YA), again had a solid showing with 30 new attached listings (similar to the 28 new attached listings we saw last week), well Coal Harbour also trended upwards on the listing side with 21 new attached listings (a relatively big increase from the 10 new attached listings we saw the previous week). Overall, downtown saw a fairly sizable increase in listing activity with 145 new attached listings, up from the 95 new attached listings we had seen last week.

Confirmed attached sales volumes also posted gains downtown this week, though in a much more modest quantity then on the listing side; we saw 58 confirmed attached sales in the downtown neighbourhoods this week (an increase from the 47 confirmed attached sales we saw previously), which accounted for 46% of overall sales activity across Vancouver West (where we saw 125 confirmed attached sales).  This was a fall in the market share of attached sales for downtown this week when compared with the 51% share we saw previously.  The dense downtown core areas showed marginal improvements this week on the sales side with 23 confirmed attached sales (up from the 14 confirmed attached sales we saw previously); well the new Yaletown (YA) classification fell back after leading the way last week, we saw 12 confirmed attached sales in the neighbourhood this week (down from the 20 confirmed attached sales we had seen previously).  Coal Harbour also rebounded this week after trending downwards in the previous period, we saw 13 confirmed attached sales in the area (an improvement from the 5 confirmed attached sales we had seen last week.  Our sales to listing ratio continued to move away from equilibrium this week on the back of rapidly increased listing volumes combined with more modest gains on the sales side; we saw 58 confirmed attached sales to 145 new attached listings for a saturation rating of 40% downtown this week (an fall from the 49% we saw posted last 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 4th - July 11th

269 new listings in the Vancouver West Region with 145 (54%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Yaletown (YA): 30 (21%)
• West End (WE) : 34 (23%)
• Downtown (DT) : 60 (41%)
• Coal Harbour (CB): 21 (15%)

TOTAL : 145 (54%)

125 total sales in the Vancouver West Region with 58 (46%) falling in the downtown areas.

Sales Per Sub-Area:

• Yaletown (YA): 12 (21%)
• West End (WE) : 10 (17%)
• Downtown (DT) : 23 (40%)
• Coal Harbour (CB): 13 (22%)

TOTAL : 58 (46%)

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.