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.

Downtown attached supply continued to rebound this week after posting below average results through the two weeks in mid-May.  We saw 129 new attached listings in the downtown neighbourhood (up from the 96 new attached listings we saw previously), which accounted for 56% of the overall 230 new attached listings across Vancouver West. The high-density downtown core areas (including Yaletown, Gastown, and downtown proper) continued to lead the way this week with 61 new attached listings (an increase from the 58 new attached listings we saw last week); these neighbourhoods accounted for 47% of all attached listing activity downtown.  Coal Harbour had an above average week on the supply-side with 19 new attached listings (up from 11 new attached listings), and False Creek North rebounded in a big way after posting lower-then-average results previously with 20 new attached listings (up from the 7 new attached listings we saw in the previous week).

Attached sales volumes trended downwards in the downtown areas this week after remaining relatively stable over the previous two periods; we saw 55 confirmed attached sales (down from 68 confirmed attached sales in the previous period), which equated to roughly 51% of the aggregate 108 confirmed attached sales across Vancouver West (a drop in overall sales ratio from the 65% we saw last week). The downtown core neighbourhoods (including Yaletown, Gastown, and downtown proper) led the way with 33 confirmed attached sales (accounting for 60% of all downtown sales activity), well Coal Harbour and False Creek North demonstrated marginal improvements with 8 confirmed attached sales in Coal Harbour, and 6 confirmed attached sales in False Creek North.  Our sales to listing ratio took a tumble this week after moving closer to equilibrium conditions in the previous period as we saw 55 confirmed attached sales to 129 new attached listings for a saturation arting of 43% this week (down from the much stronger 71% we had seen last week).  This drop can be attributed to a jump in listing activity with an off-setting drop in confirmed attached sales volumes.

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 1st - June 8th

230 new listings in the Vancouver West Region with 129 (56%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 61 (47%)
• Coal Harbour: 19 (15%)
• West End: 29 (22%)
• False Creek North: 20 (16%)

TOTAL : 129 (56%)

108 total sales in the Vancouver West Region with 55 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 33 (60%)
• West End: 8 (15%)
• Coal Harbour: 8 (14%)
• False Creek North: 5 (11%)

TOTAL : 55 (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.