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Westside Vancouver Attached Property Market Update : July 20th – July 27th

By
Real Estate Agent with RE/MAX Select Properties

We would like to present our  ‘Westside Attached Stat Package‘, for the week of  July 20th – July 27th.  New listing numbers remained relatively flat; though quite steady, as we saw 86 new attached listings on the Westside this period;  up a bit from the 76 new attached listings the previous week (a second consecutive week of positive supply increases).  Sales transactions also continued to demonstrate short-run growth, with 86 attached sales on the Westside (up from 67 the previous week).  The second quarter in 2009 was marked by a return to stability in many of the Westside neighbourhoods, with a solid sales versus listing dynamic.  We have witnessed a return of the international buyer with a number of individuals from the USA and Asia looking to take advantage of the pre-Olympic lull in pricing, and competitive financing options.  As per usual we expect a slight seasonal lull through the late-Summer months as people begin to take vacations, and enjoy the weather!

This past week there were 221 new active attached listings in the Vancouver West Region with 96 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 96 new active attached listings on the Westside were distributed as follows:

University (UL) : 12
S.W. Marine (SW) : 1
South Granville (SG) : 1
South Cambie (SC) : 1
Quilchena (QU) : 5
Point Grey (PG) : 1
Marpole (MR) : 2
Mount Pleasant (MP) : 1
Kitsilano (KT): 32
Kerrisdale (KE): 9
False Creek (FC) : 2
Fairview (FA) : 24
Cambie (CA) : 4
Arbutus (AR) : 1

The Westisde neighbourhoods accounted for 96 : 221 or 43% of overall Vancouver West attached new listings from July 20th – July 27th.

This past week there were 176 sold attached listings in the Vancouver West Region with 86 (up from 67 last week) 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 86 sold listings on the Westside were distributed as follows:

University (UL) : 8
S.W. Marine (SW) : 1
Shaughnessy (SH) : 3
South Cambie (SC) : 3
Quilchena (QU) : 4
Point Grey (PG) : 3
Oakridge (OA) : 3
Marpole (MR) : 2
Mount Pleasant (MP) : 6
Kitsilano (KT) : 24
Kerrisdale (KE) : 6
False Creek (FC) : 2
Fairview (FA) : 20
Cambie (CA) : 1

The Westside neighbourhoods accounted for 86 : 176 or 49% of overall Vancouver West attached solds from July 20th – July 27th.

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!

Westside resident?  Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!

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