Susan Keevil

We have compiled sales and listings statistics for the period running from June 1st through June 8th, 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.

First order of business; the real estate board has re-classified an area of downtown in order to accomodate a 'Yaletown' tag, now registered as 'YA'.  From here on in we'll be looking at Yaletown as a unique listing and sales neighbourhood as opposed to a section of the downtown core ('DT' classification) as we have in the past.  Attached listing supply declined overall downtown this week after posting gains in the previous two periods; we saw 104 new attached listings in the downtown neighbourhoods, which accounted for roughly 49% of the aggregate 210 new attached listings we saw across Vancouver West.  Our new Yaletown (YA) area constitued 20 new attached listings or roughly 19% of all listing supply downtown; the remaining dense downtown core area (now composed of Gastown and downtown proper) led the way with 45 new attached listings or around 43% of all attached supply. Coal Harbour and False Creek North weakened on the supply side this week with 11 new attached listings in Coal Harbour and 6 new attached listings in False Creek North.  Of note, False Creek North also lost some of it's listing area to the new Yaletown classification.

On the sales side, we saw confirmed transaction volumes increase this week after trending downwards in the previous period; there were 64 confirmed attached sales in the downtown neighbourhoods (compared to the 55 confirmed attached sales we saw previously), which accounted for roughly 56% of the overall 115 confirmed attached sales across Vancouver West.  The new Yaletown classified area (YA) accounted for just 1 confirmed attached sale this week, well the dense downtown core neighbourhoods (now composed mainly of Gastown and downtown proper) continued to lead the way with 32 confirmed attached sales or roughly 50% of all sales activity downtown. Coal Harbour strengthened on the sales side this week with 12 confirmed attached sales (up from 8 confirmed attached sales), well False Creek North remained relatively stable with 7 confirmed attached sales (also compared to 8 confirmed attached sales previously).  Our sales to listing ratio also showed strength this week on the back of decreased supply figures, and increased transaction numbers; we saw 64 confirmed attached sales to 104 new attached listings for a saturation rate of approximately 62% (an improvement from the 43% we saw in the previous period).

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 13th - June 20th

210 new listings in the Vancouver West Region with 104 (49%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Yaletown (YA): 20 (47%)
• West End (WE) : 22 (21%)
• False Creek North (FCN) : 6 (6%)
• Downtown (DT) : 45 (43%)
• Coal Harbour (CB): 11 (11%)

TOTAL : 104 (49%)

115 total sales in the Vancouver West Region with 64 (56%) falling in the downtown areas.

Sales Per Sub-Area:

• Yaletown (YA): 1 (1%)
• West End (WE) : 12 (19%)
• False Creek North (FCN) : 7 (10%)
• Downtown (DT) : 32 (50%)
• Coal Harbour (CB): 12 (19%)

TOTAL : 64 (56%)

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.