Westside Vancouver Attached Property Market Update : May 23rd - May 30th
We are proud to present our ‘Westside Attached Stat Package‘
for the period running from May 23rd - May 30th. If
you
have
any
further questions or require more detail please get in touch with us.
The Westside areas took a step back on the supply side this week after demonstrating growth through the early weeks of May; we saw 96 new attached listings across the Westside neighbourhoods this week (down from the 126 new attached listings we saw previously), which accounted for 50% of the aggregate 192 new attached listings across Vancouver West. Kitsilano and Fairview continued to lead the way on the supply-side this week with 22 new attached listings in Fairview, and 26 new attached listings in Kitsilano; combined these two neighbourhoods accounted for 50% of all listing activity on the Westside. University also continued to show a strong amount of supply volume with 24 new attached listings this week.
Sales volumes also weakened this week across the Westside, we saw 54 confirmed attached sales this week (down from 68 confirmed attached sales previously); this number accounted for 44% of all sales activity across Vancouver West (down from the 52% ratio we saw previously). Fairview had the strongest week on the sales side with 18 confirmed attached sales, well Kitsilano had a relatively poor sales period with 11 confirmed attached sales this week. University followed up with a weaker 7 confirmed attached sales, and is having an issue with supply far exceeding current sales figures. Our overall sales to listing ratio actually improved this week, however; based on a notable drop in supply as we saw 54 confirmed attached sales to 96 new attached listings for a saturation rating of 56% on the Westside (up slightly from the 54% figure we saw previously).
The 96
(50%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 24
S.W. Marine (SW) : 1
Shaughnessy
(SH) : 1
Quilchena
(QU)
: 3
Marpole
(MR) : 6
Mount Pleasant
(MP) : 3
Kitsilano (KT): 26
Kerrisdale (KE)
: 3
False Creek (FC)
: 6
Fairview (FA) : 22
Dunbar (DU) : 1
The Westisde neighbourhoods accounted for 96 : 192 or 50% of
overall Vancouver West attached new listings from May 23rd - May 30th.
This past week there were 122 sold attached listings in the Vancouver West Region with 54 (44%) 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 54 sold attached listings on the Westside were distributed as follows:
University (UL) : 7
S.W. Marine (SW) : 1
South Cambie
(SC) : 1
Quilchena
(QU) : 3
Point Grey (PG) : 3
Marpole (MR) : 1
Kitsilano
(KT) : 11
Kerrisdale (KE) : 3
False Creek (FC)
: 5
Fairview (FA) : 18
Dunbar (DU) : 1
The
Westside
neighbourhoods
accounted for 54 : 122 or 44% of
overall Vancouver West attached solds from May 23rd - May 30th.
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!