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. Happy 4th of July to our American readers!

Listing supply continued to trend downwards this week across Vancouver West as we eased into the heart of the Summer months when activity tends to be a bit more restrained.  We saw 95 new attached listings in the downtown neighbouhoods (down from the 104 new attached listings we saw previously), which accounted for roughly 57% of the overall 168 new attached listings across Vancouver West (an improvement from the 49% ratio of listing supply downtown enjoyed last week).  The newly minted Yaletown classification (YA) continued to post quite active listing figures with 28 new attached listings this week (up from the 20 new attached listings last week), which accounted for 29% of aggregate listing supply downtown.  The dense downtown core neighbourhoods (now including Gastown and downtown proper) led the way this week with 37 new attached listings (down from 45 new attached listings), which equated to around 39% of all new listing supply downtown. Coal Harbour remained comfortably within it's quarterly averages with 10 new attached listings this past week (just a single listing off of the 11 new attached listings we had seen previously).

Confirmed sales volumes also trended downwards across Vancouver West this week, with 47 confirmed attached sales downtown (compared to the 64 confirmed attached sales last week), which accounted for 51% of our overall 92 confirmed attached sales across both the downtown and Westside neighbourhoods. The new Yaletown classified neighbourhood actually led the way this week with 20 confirmed attached sales, well the traditionally busy dense downtown proper areas registered 14 confirmed attached sales this week (a notable step downward from the 32 confirmed attached sales we saw last week). Coal Harbour weakened on the sales-side this week after posting gains in the previous period, we saw 5 confirmed attached listings in Coal Harbour this week (a decrease from the 12 confirmed attached sales we saw previously).  Our sales to listing ratio dropped this week on the back of falling sales numbers across most neighbourhoods, and slightly less depreciations in new listing numbers; we saw 47 confirmed attached sales to 95 new attached listings for a saturation rating of 49% downtown this week (down from the healthier 62% we saw previously).

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 27th - July 4th

168 new listings in the Vancouver West Region with 95 (57%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Yaletown (YA): 28 (29%)
• West End (WE) : 20 (21%)
• Downtown (DT) : 37 (39%)
• Coal Harbour (CB): 10 (11%)

TOTAL : 95 (57%)

92 total sales in the Vancouver West Region with 45 (49%) falling in the downtown areas.

Sales Per Sub-Area:

• Yaletown (YA): 20 (43%)
• West End (WE) : 8 (17%)
• Downtown (DT) : 14 (30%)
• Coal Harbour (CB): 5 (10%)

TOTAL : 47 (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.