We would like to present ‘Westside Detached Stat Package’ for the week of September 1st – September 8th.
The Westside Detached market demonstrated rather sluggish sales figures for the third consecutive week as supply of product in certain neighbourhoods remains low. During the second week of September, supply numbers moved to 79 new detached active listings in the Vancouver West Region; up from 63 the previous week. We saw 21 detached sales (down from 40 the previous week). This marks yet another drop in sales activity. Not surprisingly, performance should remain relatively static through third quarter 2009 prior to a pre-Olympic surge in the late fourth quarter flowing into Q1 2010. Buyer competition remains especially active in Kitsilano, Dunbar, and Point Grey. As such, it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. The demand is especially acute in Kitsilano where supply has definitely tailed off – especially in the Kits Point areas, and other sectors north of W 4th Ave. Late summer tends to be a rather ‘down time’ for our detached markets due to family vacations, and relativly instability prior to the onset of the school year in September.
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 78 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 8
Dunbar (DU) : 8
Fairview (FA) : 1
Kerrisdale (KE) : 5
Kitsilano (KT) : 6
MacKenzie Heights (MH) : 3
Mount Pleasant (MP) : 2
Marpole (MR) : 5
Oakridge (OA) : 1
Point Grey (PG) : 4
Quilchena (QU) : 3
Shaughnessy (SH) : 6
Southlands (SL) : 7
South Cambie (SC) : 2
South Granville (SG) : 7
S.W. Marine (SW) : 4
University (UL) : 1
78 total new detached listings on the Westside from September 8 – September 15.
This past week there were 21 detached sold listings (another drop compared to the 40 sold listings the previous week) 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 21 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 1
Dunbar (DU) : 1
Kitsilano (KT) : 2
Mackenzie Heights (MH) : 3
Marpole (MR) : 2
Oakridge (OA) : 1
South Granville (SG) : 3
Shaughnessy (SH) : 2
University (UL) : 1
21 total detached sales on the Westside from September 8 – September 15.
New listing supply ended on a relatively strong note, well we saw a notable drop off in confirmed sales in the second week of September. The mid-to-late Summer months tend to be particularly low-periods for the detached markets due to social factors (ie / summer vacation, etc.) and thus we anticipate a relatively stable market through October prior to a resurgence in the Fall which should carry us through Quarter 4 2009 and the 2010 Winter Olympic Games.
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!
Comments(0)