Westside Vancouver Detached Property Market Update : September 26th - October 3rd
Westside detached listings upply continued to trend upwards this week after remaining quite static through mid-September; we saw 101 new detached listings across the Westside this week (which marked an increase from the 88 new detached listings we saw in the previous period). Dunbar continued to lead the way on the supply-side this week despite posting slight decreases with 13 new detached listings (a drop from the 16 new detached listings we saw last week); other neighbourhoods also continued to have strong supply numbers, with Point Grey (11 new detached listings), and Mackenzie Heights (10 new detached listings) registering the second and third strongest weeks after Dunbar. Also of note this week were, Shaughnessy (9 new detached listings), Kerrisdale (9 new detached listings), and Arbutus (7 new detached listings).
Detached sales figures also continued to post increases this week after falling through mid-September; we saw 31 confirmed detached sales this week (an increase from the 24 confirmed detached sales we'd seen previously). Cambie was one of the strongest markets on the sales side this week with 6 confirmed detached sales (the same number we saw last week), well Kerrisdale also registered 6 confirmed detached sales (a slight improvement from the 4 confirmed detached sales we saw last week). Also of note on the sales-side were, Point Grey (4 confirmed detached sales), Southlands (3 confirmed detached sales), and Kitsilano (3 confirmed detached sales). Our sales to listing ratio improved this week on the back of rising sales figures, we saw 31 confirmed detached sales to 101 new detached listings for a detached saturation rating of approximatley 31% (an increase from the 27% figure we recorded in the previous period).
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 101 new detached active listings on the Westside
were distributed as follows:
Arbutus (AR)
: 7
Cambie (CA) : 3
Dunbar (DU) : 13
Kerrisdale (KE) : 9
Kitsilano
(KT) : 5
Mackenzie Heights (MH) : 10
Marpole (MR)
: 8
Oakridge (OA) : 3
Point Grey (PG) : 11
Quilchena (QU) : 4
South
Granville (SG) : 9
Shaughnessy (SH)
: 9
Southlands (SL) : 4
S.W. Marine (SW) : 3
University (UL) : 3
101 total
new
detached listings on the Westside from September 26th - October 3rd.
This
past week there were 31 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 31 detached sold listings on the Westside
were distributed as follows:
Cambie
(CA) : 6
Dunbar
(DU) : 2
Kerrisdale (KE) : 6
Kitsilano (KT) : 3
Oakridge (OA) : 1
Point Grey (PG) : 4
Quilchena (QU) : 2
Shaughnessy (SH) : 1
Southlands (SL) : 1
South Granville (SG) : 3
31 total
detached sales
on the Westside
from September 26th - October 3rd.
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!