Westside Vancouver Attached Property Market Update : January 31st - February 7th
We would like to present our ‘Westside Attached Stat Package‘
for the period running from January 31st - February 7th. If
you
have
any
further questions or require more detail please get in touch with us.
Aggregate attached supply remained stable across Vancouver West this week as we saw 220 new attached listings (down slightly from the 227 new attached listings we had seen last week), though the Westside neighbourhoods actually posted supply gains, and consequently accounted for a larger portion of overall listing supply. We saw 104 new attached listings across the Westside this week (up from 99 new attached listings in the previous period), which accounted for 47% of all new attached supply across Vancouver West (an increase from the 44% seen last week). Kitsilano remained a very busy listing area for condo, townhouse, and multi-family properties with 31 new attached listings this week (up from 26 new attached listings previously). Fairview also had a busy week with 21 new attached listings, well False Creek also posted gains with 11 new attached listings (up from 6 new attached listings last week).
On the other hand, confirmed attached sales demonstrated growth across Vancouver West this week with 106 confirmed attached sales (up from 84 confirmed attached sales in the previous period), with the Westside accounting for the bulk of the increase with 53 confirmed attached sales this week (up from 31 confirmed attached sales in the previous period), which accounted for 50% of all confirmed sales across Vancouver West (up from 37% last week). Kitsilano continued to be a popular area amongst buyers with 16 confirmed attached sales this week, well Fairview came second with 12 confirmed attached sales. Our sales to listing ratio remained favorable to buyers this week with 53 confirmed attached sales to 104 new attached listings for a saturation rating of approximately 51% (an improvement from the 31% we saw last week).
The 104
(47%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 10
South Granville (SG) : 1
South
Cambie (SC) : 1
Quilchena
(QU)
: 4
Point Grey (PG) : 4
Oakridge (OA) : 1
Marpole
(MR) : 6
Mount Pleasant
(MP) : 8
Kitsilano (KT): 31
Kerrisdale (KE) : 3
False Creek (FC)
: 11
Fairview (FA) : 21
Cambie
(CA) : 4
The Westisde neighbourhoods accounted for 104 : 220 or 47% of
overall Vancouver West attached new listings from January 31st
- February 7th.
This past week there were 106 sold attached listings in the Vancouver West Region with 53 (50%) 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 53 sold attached listings on the Westside were distributed as follows:
University (UL) : 6
South Cambie (SC) : 3
Quilchena
(QU) : 7
Oakridge (OA) : 2
Marpole (MR) : 2
Mount
Pleasant (MP) : 2
Kitsilano
(KT) : 16
False Creek (FC)
: 1
Fairview (FA) : 12
Dunbar (DU) : 1
Cambie (CA) : 1
The
Westside
neighbourhoods
accounted for 53 : 106 or 50% of
overall Vancouver West attached solds from January 31st - February 7th.
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!