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Westside Vancouver Attached Property Market Update : August 10th – August 17th

By
Real Estate Agent with RE/MAX Select Properties

We would like to present our  ‘Westside Attached Stat Package‘, for the week of  August 10th – August 17th.  New listing numbers continued to rebound across Vancouver West as trends continued to demonstrate growth into mid-August.  We saw 83 new attached listings on the Westside this period;  up from the 68 new attached listings the previous week.  Sales transactions also rebounded after two consecutive weeks of weak performance; with 105 attached sales on the Westside (up from 44 the previous week).   The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside),  but the market rebounded this past week to conditions reminiscent of our record setting July activity.   In following with the regular Vancouver market cycles we should see a continued lull through the last three weeks of August prior to a recovery in the early-Fall periods as we inch closer to the Olympics.

This past week there were 216 new active attached listings in the Vancouver West Region with 83 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 83 new active attached listings on the Westside were distributed as follows:

University (UL) : 11
South Granville(SG) : 1
Quilchena (QU) : 4
Point Grey (PG) : 1
Oakridge (OA) : 1
Marpole (MR) : 7
Mount Pleasant (MP) : 2
Kitsilano (KT): 21
Kerrisdale (KE): 1
False Creek (FC) : 6
Fairview (FA) : 23
Cambie (CA) : 5

The Westisde neighbourhoods accounted for 83 : 216 or 38% of overall Vancouver West attached new listings from August 10th – August 17th.

This past week there were 220 sold attached listings in the Vancouver West Region with 105 (up sharply from 44 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 105 sold listings on the Westside were distributed as follows:

University (UL) : 14
South Granville (SG) : 3
Shaughnessy (SH) : 2
Quilchena (QU) : 1
Point Grey (PG) : 2
Oakridge (OA) : 1
Mount Pleasant (MP) : 5
Marpole (MR) : 5
Kitsilano (KT) : 31
Kerrisdale (KE) : 10
False Creek (FC) : 2
Fairview (FA) : 25
Dunbar (DU) : 1
Cambie (CA) : 3

The Westside neighbourhoods accounted for 105 : 220 or 48% of overall Vancouver West attached solds from August 10th – August 17th.

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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