I have compiled sales and listings statistics for the period running from February 23rd to March 2nd, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Buyers continued to actively browse the market as showing activity again increased this week. Again we see a noted decrease in new supply, and a relative stability in our sales figures. This signifies a notable ‘tightening up’ of the downtown market. As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales over the next four weeks.
Listing versus Sales update for February 23rd - March 2nd
161 new listings in the Vancouver West Region with 77 (48%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 37 (48%)
- Coal Harbour: 8 (10%)
- West End: 21 (27%)
- False Creek North: 11 (15%)
TOTAL : 77
76 total sales in the Vancouver West Region with 38 (50%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 21 (55%)
- West End: 8 (21%)
- Coal Harbour: 5 (13%)
- False Creek North: 4 (11%)
TOTAL : 38
Sales remained relatively stable, decreasing slightly from 87 sales to 76; the number remains well below seasonal norms, but we have seen stronger sales movement since December 2008. As stated previously there has been an influx of buyer activity over the past three weeks as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [76 : 161] or 47%.
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.susankeevil.com and www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
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