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Westside Vancouver Attached Property Market Update : October 8th – October 13th

By
Real Estate Agent with RE/MAX Select Properties

We would like to present our ‘Westside Attached Stat Package‘, for the week of October 8th – October 13th. New listing supply remained strong on the Westside this past week with 114 new attached listings (up from 75 the previous week), and continued to outpace sales activity in the Westside attached market during the early-October period. Sales transactions also trended upward this past week, but remained behind new listings; with 84 attached sales on the Westside (up from 75 the previous week). Market conditions have demonstrated stability since mid-March and continue to trend upwards with the macro-recovery in regards to global economics. In following with the regular Vancouver market cycles we should see the market begin to pickup as the Autumn season sets in, and consumers get back to business.

This past week there were 290 new active attached listings in the Vancouver West Region with 114 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 114 new active attached listings on the Westside were distributed as follows:

University (UL) : 18
Southlands (SL) : 1
Shaughnessy (SH) : 1
South Cambie (SC) : 2
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 3
Marpole (MR) : 3
Mount Pleasant (MP) : 3
Kitsilano (KT): 35
Kerrisdale (KE): 10
False Creek (FC) : 6
Fairview (FA) : 23
Dunbar (DU) : 3
Cambie (CA) : 1

The Westisde neighbourhoods accounted for 114 : 290 or 39% of overall Vancouver West attached new listings from October 8th – October 13th.

This past week there were 173 sold attached listings in the Vancouver West Region with 84 (up from 75 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 84 sold listings on the Westside were distributed as follows:

University (UL) : 9
South Granville (SG) : 1
Quilchena (QU) : 3
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 3
Mount Pleasant (MP) : 1
Kitsilano (KT) : 33
Kerrisdale (KE) : 6
False Creek (FC) : 4
Fairview (FA) : 18
Dunbar (DU) : 1
Cambie (CA) : 3

The Westside neighbourhoods accounted for 84 : 173 or 49% of overall Vancouver West attached solds from October 8th – October 13th. Fairview and Kitsilano continued to lead the way in both new listing supply and confirmed sales transactions.

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!