Vancouver Downtown, Coal Harbour, False Creek North Attached Market Update March 30 - April 6

Despite a steady decrease in supply over the past two weeks we have yet to see a full recovery in confirmed sales volume, and saw yet another dip this past week as properties maintain longer 'days on the market' times. Over Vancouver West this past week we saw 79 confirmed attached transactions (down from 118 in the previous period); with the downtown markets accounting for 43 confirmed sales or roughly 54% of all sales activity across Vancouver West. Our sales to listing ratio remained tilted towards the supply side with 79 sales : 195 new listings or a 41% macro-saturation rate.