Westside Vancouver Attached Property Market Update : January 10th - January 17th
We would like to present our ‘Westside Attached Stat Package‘
for the period running from January 10th - January 17th. If
you
have
any
further questions or require more detail please get in touch with us.
Overall attached supply continued to trend upwards this week across Vancouver West as the markets recovered from a slow holiday period; we saw 183 new attached listings across Vancouver West this week (up from 154 new attached listings in the previous period) with 88 new attached listings or roughly 48% falling in the Westside neighbourhoods. The high-density areas of Kitsilano and Fairview again led the way with 21 and 16 new attached listings in each neighbourhood repsectively as these two areas accounted for around 42% of all attached listing supply on the Westside. The University neighbourhood also had a strong week on the supply side with 15 new attached listings in the area.
Confirmed sales volume also increased across Vancouver West with 48 confirmed attached sales this week (up from 43 confirmed attached sales in the previous period) with the Westside neighbourhoods accounting for the bulk of the increase. We saw 27 confirmed attached sales on the Westside this week (up from 19 confirmed attached sales previously) with the Westside accounting for 56% of all confirmed sales volume across Vancouver West, again outpacing the downtown areas. Kitsilano and Fairview led the way with 6 attached sales in each neighbourhood well Quilchena also posted relatively high sales volume with 4 confirmed attached sales. Despite the increase in sales activity the overall Westside market remained tilted towards buyers with a sales to listing ratio of 27 confirmed attached sales to 88 new attached listings for a 30% saturation rating (up from 25% in the previous sales period).
The 88
(48%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 15
S.W. Marine (SW) : 1
South Granville (SG) : 3
South Cambie (SC) : 2
Quilchena
(QU)
: 4
Point Grey (PG) : 1
Oakridge (OA) : 3
Marpole
(MR) : 3
Mount Pleasant
(MP) : 2
Kitsilano (KT): 21
Kerrisdale (KE) : 9
False Creek (FC)
:4
Fairview (FA) : 16
Dunbar (DU) : 1
Cambie
(CA) : 2
The Westisde neighbourhoods accounted for 88 : 183 or 48% of
overall Vancouver West attached new listings from January 10th
- January 17th.
This past week there were 48 sold attached listings in the Vancouver West Region with 27 (56%) 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 27 sold attached listings on the Westside were distributed as follows:
University (UL) : 3
Quilchena
(QU) : 4
Marpole (MR) : 2
Kitsilano
(KT) : 6
Kerrisdale (KE) : 3
False Creek (FC) : 1
Fairview (FA) : 6
Cambie (CA) : 1
The Westside
neighbourhoods
accounted for 27 : 48 or 56% of
overall Vancouver West attached solds from January 10th -
January 13th.
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!