Westside Vancouver Detached Property Market Update : March 1st - March 8th
Westside detached supply figures surged ahead this week after holding steady in the previous period; we saw 115 new detached listings this week (up from 93 new detached listings last week). Point Grey and Dunbar were quite busy neighbourhoods on the listing side, as we saw 15 new detached listings in Point Grey and 14 new detached listings in Dunbar. South Granville was the busiest area, however; as we saw 17 new detached listings in the area. Spring has traditionally popular listing period for sellers as the spring cleaning and warmer weather brings out the buyers, and nothing quite sells like a Spring open house!
Westside detached sales volume, on the other hand, trended downwards for the second consecutive week as sales conditions softened slightly. We saw 62 confirmed detached sales across the Westside this week (down from 71 confirmed detached sales previously), with Dunbar (11 confirmed detached sales), Point Grey (8 confirmed detached sales), and Shaughnessy (7 confirmed detached sales) posting the highest sales results. Our sales to listing ratio declined this week for a second consecutive period as selling activity again outpaced our busy buyers; we saw 62 confirmed detached sales to 115 new detached listings for a saturation rating of 54% across the Westside detached market (down from the 76% we saw last week).
Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) confirmed sales in your area for that period.
The 115 new detached active listings on the Westside
were distributed as follows:
Arbutus (AR)
: 4
Cambie (CA) : 11
Dunbar (DU) : 14
Kerrisdale
(KE) : 7
Kitsilano
(KT) : 9
Mackenzie Heights (MH) : 5
Marpole (MR) : 5
Oakridge (OA)
: 2
Point Grey (PG) : 15
Quilchena
(QU) : 4
South Cambie (SC) : 2
South
Granville (SG) : 17
Shaughnessy (SH)
: 8
Southlands (SL) : 5
S.W. Marine (SW) : 3
University
(UL) : 4
115 total
new
detached listings on the Westside from March 1st - March 8th.
This
past week there were 62 detached sold listings in the Vancouver
West Region. 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 62 detached sold listings on the Westside
were distributed as follows:
Arbutus (AR) : 6
Cambie
(CA) : 3
Dunbar (DU) : 11
Kerrisdale (KE) : 5
Kitsilano
(KT) : 6
Mackenzie Heights (MH) : 2
Marpole
(MR)
: 1
Oakridge (OA) : 2
Point Grey (PG)
: 8
Quilchena (QU) : 3
Shaughnessy
(SH): 7
Southlands (SL) : 1
South
Granville (SG)
: 4
S.W. Marine (SW) : 2
University (UL) : 1
62 total
detached sales
on the Westside
from March 1st - March 8th.
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!