Westside Vancouver Attached Property Market Update : February 7th - February 14th
We would like to present our ‘Westside Attached Stat Package‘
for the period running from February 7th - February 14th. If
you
have
any
further questions or require more detail please get in touch with us.
Vancouver West attached supply continued to remain steady this week, as we saw 228 new attached listings (up from 220 new attached listings previously), with the Westside neighbourhoods accounting for 93 new attached listings or roughly 41% of overall attached supply. Kitsilano and Fairview again remained the most active neighbourhoods (due to density and geo-locale variables) with 22 new attached listings in Kitsilano, and 21 new attached listings in Fairview. The Westside continued to have more restrained supply conditions then the downtown neighbourhoods with quite a few newly renovated properties in slightly more aged buildings becoming the prominent option (especially in Kits).
Westside sales conditions remained stable this week, again accounting for a larger portion of overall attached sales activity then the downtown neighbourhoods. We saw 107 confirmed attached sales across Vancouver West this week (compared to 106 confirmed attached sales last week), with 55 confirmed attached sales or roughly 51% of overall sales activity falling on the Westside. Kitsilano remained the most popular area amongst buyers with 20 confirmed attached sales this week, well Fairview saw a decline in sales activity for the second consecutive week with just 9 confirmed attached sales (down from 12 confirmed attached sales previously). Our sales to listing ratio remained tilted towards the supply-side with 55 confirmed attached sales to 93 new attached listings for a saturation rating of 59% across the Westside.
The 93
(41%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 6
S.W. Marine (SW) : 1
South Granville (SG) : 1
South
Cambie (SC) : 2
Southlands (SL) : 1
Quilchena
(QU)
: 5
Point Grey (PG) : 3
Oakridge (OA) : 1
Marpole
(MR) : 7
Mount Pleasant
(MP) : 6
Kitsilano (KT): 22
Kerrisdale (KE) : 5
False Creek (FC)
: 6
Fairview (FA) : 21
Dunbar (DU) : 2
Cambie
(CA) : 4
The Westisde neighbourhoods accounted for 93 : 228 or 41% of
overall Vancouver West attached new listings from February 7th - February 14th.
This past week there were 107 sold attached listings in the Vancouver West Region with 55 (51%) 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 55 sold attached listings on the Westside were distributed as follows:
University (UL) : 5
South Cambie (SC) : 1
Shaughnessy (SH) : 4
Quilchena
(QU) : 2
Oakridge (OA) : 3
Mount
Pleasant (MP) : 2
Kitsilano
(KT) : 20
Kerrisdale (KE) : 4
False Creek (FC)
: 4
Fairview (FA) : 9
Cambie (CA)
: 1
The
Westside
neighbourhoods
accounted for 55 : 107 or 51% of
overall Vancouver West attached solds from February 7th - February 14th.
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!