Susan Keevil

We have compiled sales and listings statistics for the period running from November 22nd through November 29th, 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.

Attached supply remained relatively stable across Vancouver West this week with 127 new attached listings (up slightly from the 120 new attached listings in the previous period).  The downtown markets, however; jumped significantly when compared to that overall number as we saw 82 new attached listings downtown (up from 65 new attached listings in the previous week), which accounted for 65% of all new listing activity across Vancouver West (up from 54% in the previous recorded period).  This is indicative of a higher-then-average fall in supply in the Westside attached markets as the downtown areas accounted for a higher ratio of new attached supply volume. The high-density downtown core neighbourhoods (including Yaletown, Gastown, and downtown proper) continued to be the most active listings areas with 63 new attached listings, which equates to roughly 77% of all new listings downtown.  Coal Harbour and False Creek North were the least active attached supply markets with just 3 and 4 new attached listings in each area respectively.

Confirmed sales volume also trended marginally upwards this week as we saw 103 confirmed attached sales across Vancouver West (up from 96 confirmed attached sales in the previous week).  The downtown markets accounted for just over half of this new listing supply with 52 confirmed detached sales (which equates to around 51% of all attached sales activity across Vancouver West). The downtown core neighbourhoods (including Yaletown, Gastown, and downtown proper) again accounted for the highest amount of attached sales with 24 confirmed transactions, but demonstrated a much higher listing figure then sales figure indicating a market still allowing buyers time and a variety of product to explore. Coal Harbour demonstrated a higher-then-average sales period this past week with 10 confirmed attached sales, well False Creek North continued to bring up the rear in regards to sales volume with 5 confirmed attached sales.  Our sales to listing ratio weakened this week as we saw 52 confirmed attached sales to 82 new attached listings for a saturation rating of 63% (down from 88% in the previous week).  This change can mostly be attributed to the spike in attached listing supply we discussed earlier.

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 November 22nd - November 29th

127 new listings in the Vancouver West Region with 82 (65%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 63 (77%)
• Coal Harbour: 3 (3%)
• West End: 12 (15%)
• False Creek North: 4 (5%)

TOTAL : 82 (65%)

103 total sales in the Vancouver West Region with 52 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 24 (46%)
• West End: 13 (25%)
• Coal Harbour: 10 (19%)
• False Creek North: 5 (10%)

TOTAL : 52 (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.