Westside Vancouver Attached Property Market Update : November December 6th - December 13th
We would like to present our ‘Westside Attached Stat Package‘
for the period running from December 6th - December 13th. If
you
have
any
further questions or require more detail please get in touch with us.
Westside attached supply fell notably for the fourth consecutive week as we saw a sharp decline through December. There were just 22 new attached listings on the Westside (down from an average of 40 new attached listings through the month) with the Westside accounting for only 32% of the 69 new attached listings across Vancouver West. The high-density neighbourhoods of Kitsilano and Fairview again posted the highest supply numbers with 5 and 6 new attached listings in each neighbourhood respectively; though those totals are again down from what we've seen as quarterly averages through Q4 2010.
Confirmed attached sales on the Westside also trended downwards this past week as we saw 35 confirmed sales, which accounted for roughly 41% of all attached sales activity across Vancouver West. Kitsilano remained a popular area among buyers looking for attached property with 11 confirmed attached sales in the area. Confirmed sales volume in the popular Fairview neighbourhood fell this week relative to it's usual numbers with 6 attached sales. Again, the fall in sales volume can at least partially be attributed to a lack of new supply this month as buyers are finding less new product coming on the market, thus some buyers may opt to wait for the busier post-Christmas listing periods in hopes of a more saturated listing market. The sales to listing ratio on the Westside subsequently favored sellers this week as we saw 35 confirmed attached sales to 22 new attached listings for a 160% saturation rating.
The 22
(32%) new active attached listings
on the Westside were distributed as follows:
University (UL) : 2
Quilchena
(QU)
: 2
Oakridge (OA) : 1
Marpole
(MR) : 1
Kitsilano (KT): 5
False Creek (FC) :4
Fairview (FA) : 6
Cambie
(CA) : 1
The Westisde neighbourhoods accounted for 22 : 69 or 32% of
overall Vancouver West attached new listings from December 6th - December 13th.
This past week there were 86 sold attached listings in the Vancouver West Region with 35 (41%) 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 35 sold attached listings on the Westside were distributed as follows:
University (UL) : 3
S.W. Marine (SW) : 1
South Cambie (SC) : 1
Quilchena
(QU) : 3
Point Grey (PG) : 1
Marpole (MR) : 3
Kitsilano
(KT) : 11
Kerrisdale (KE) : 1
False
Creek (FC) : 3
Fairview (FA) : 6
Cambie (CA) : 1
The Westside
neighbourhoods
accounted for 35 : 86 or 41% of
overall Vancouver West attached solds from December 6th - December 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!