Westside Vancouver Attached Property Market Update : February 21st - February 28th
We would like to present our ‘Westside Attached Stat Package‘
for the period running from February 21st - February 28th. If
you
have
any
further questions or require more detail please get in touch with us.
Attached supply volume continued to increase overall on the Westside this week, as we saw 124 new attached listings (up from 112 new attached listings last week), which accounted for 49% of the overall 255 new attached listings across Vancouver West (compared to the 46% we saw previously). The Westside neighbourhoods moved closer to parity with downtown as far as attached supply is concerned, and we saw quite active weeks in Kitsilano (27 new attached listings), Fairview (31 new attached listings), and University (15 new attached listings). We're seeing quite a nice amount of pre-renovated supply currently with many units already having numerous updates for first time buyers looking for a 'like new' type property. Conversely, investors looking for suites in original conditions or requiring updates are having a bit of a tougher time finding suitable options, especially at the entry level.
Westside attached sales conditions trended upwards marginally this week after remaining quite stable for two consecutive weeks previously; we saw 69 confirmed attached sales across the Westside this week (up from 60 confirmed attached sales previously), which accounted for 49% of the aggregate 142 confirmed attached sales we saw across Vancouver West (up from the 43% we saw last week). Fairview remained the most popular area amongst buyers with 21 confirmed attached sales this week (an increase from the 18 confirmed attached sales we saw previously), well ever popular Kitsilano trended downwards on the supply side for the second consecutive week with just 10 confirmed attached sales this week (down from the 13 confirmed attached sales we saw previously). Our sales to listing ratio remained quite stable this week as increases in listing activity were off-set by equal increases in sales volumes as we saw 69 confirmed attached sales to 125 new attached listings for a saturation rating of 56% (a slight increase from the 54% rating we saw last week).
The 124
(49%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 15
S.W. Marine (SW) : 1
South
Cambie (SC) : 1
Southlands (SL) : 1
Shaughnessy (SH) : 5
Quilchena
(QU)
: 6
Point Grey (PG) : 3
Oakridge (OA) : 1
Marpole
(MR) : 4
Mount Pleasant
(MP) : 7
Kitsilano (KT): 27
Kerrisdale (KE) : 8
False Creek (FC)
: 8
Fairview (FA) : 31
Dunbar (DU) : 3
Cambie
(CA) : 3
The Westisde neighbourhoods accounted for 124 : 255 or 49% of
overall Vancouver West attached new listings from February 21st - February 28th.
This past week there were 142 sold attached listings in the Vancouver West Region with 69 (49%) falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.
The 69 sold attached listings on the Westside were distributed as follows:
University (UL) : 7
S.W. Marine (SW) : 1
South Cambie (SC) : 1
Quilchena
(QU) : 8
Point Grey (PG) : 2
Oakridge (OA) : 1
Marpole (MR) : 4
Mount
Pleasant (MP) : 3
Kitsilano
(KT) : 10
Kerrisdale (KE) : 6
False Creek (FC)
: 2
Fairview (FA) : 21
Dunbar (DU) : 1
Cambie (CA)
: 2
The
Westside
neighbourhoods
accounted for 69 : 142 or 49% of
overall Vancouver West attached solds from February 21st -
February 28th.
If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.susankeevil.com and http://www.vancouverrealtyonline.com for even more real estate updates and info!