We have compiled sales and listings statistics for the period running from February 9th to February 16th, 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, and was followed by a slight rise in sales volume.  Again we see a noted decrease in new supply, and a marginal increase in our sales figure.  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 9 - February 16


173 new listings in the Vancouver West Region with 100 (58%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 47 (47%)
• Coal Harbour: 14 (14%)
• West End: 20 (20%)
• False Creek North: 19 (19%)

TOTAL : 100

70 total sales in the Vancouver West Region with 39 (56%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 24 (62%)
• West End: 6 (15%)
• Coal Harbour: 3 (8%)
• False Creek North: 6 (15%)

TOTAL : 39

Sales were up once again, moving from 51 sales to 70; the number remains well below seasonal norms.  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 spiked this past week moving up to [70 : 173] or 40%.

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.mrdowntown.ca for up to date statistics, new listings, and all relevant real estate news!

Cheers

Mr. Downtown