We have compiled sales and listings statistics for the period running from
November 23rd to
November 30th,
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. Vancouver West experienced a fall in both new listing supply and confirmed sales this past week after rallying slight in the previous period. The downtown markets likewise experienced a drop in both numbers, with
108 new attached listings this past week (down from 155 in the previous period); and
66 confirmed sales (down from
86 in the previous period). Despite the overall downward trend, the downtown neighbourhoods continued to account for the 'lions share' of listing and sales activity with
66% of new listings falling downtown along with
56% of confirmed sales. Vancouver West as a whole saw new listings decline from
214 in the previous week to
163 this past week as listing supply continues to tighten. Confirmed sales in Vancouver West saw a similar fall; with
163 new listings (down from 214 the previous week), and
118 confirmed sales (down from 141 in the previous week). The demand remains strong for certain neighbourhoods (specifically the False Creek North and Yaletown areas); with listing to sales remaining near equilibrium. The West End continues to perform well at lower price points, and Coal Harbour numbers remain low; though listing to sales have stayed relatively equal. There is still specific demand in the mid-tier two-bedroom market with buyers looking for properties in the ~$550,000 range; especially in Yaletown and False Creek North.
Listing versus Sales update for November 23rd to November 30th
163 new listings in the Vancouver West Region with 108 (66%) falling in the downtown areas (including: West End,
Downtown,
Coal Harbour, and
False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 108 (66%)
118 total sales in the Vancouver West Region with 66 (56%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 66 (56%)
The downtown core saw a notable fall in confirmed sales this past week, with new listings outpacing sales activity nearly 2:1. False Creek North and the West End continue to perform well; with Coal Harbour still demonstrating lower then average sales and listing numbers. Despite the fall in activity we still remained relatively close to equilibrium with [118 : 163] ’sales to listings’ or 72% saturation
– which is actually an improvement over our ratio number in the previous period despite a fall off in overall activity.
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.vancouverrealtyonline.com
for up to date statistics, new listings, and all relevant real estate
news! Also check out our other downtown specific sites at:
http://www.vancouverscondos.com ,
http://www.yaletownresidences.com,
http://www.coalharbourmarketing.com, and
http://www.mrdowntown.ca!
Mr.Downtown
604.418.7653
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