We have compiled sales and listings statistics for the period running from July 20th to July 27th, 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.  Both sales volume, and new listing supply remained relatively flat this past week as we continue to ease into the late summer months.  Vancouver West as a whole saw 221 new attached listings; an increase from the 192 new listings submitted last week.  We also witnessed 176 sales (up slightly from 164 confirmed in the previous period). There also remains an access demand for larger 1-bdrm (700 + sqft), and lower-end 2-bdrm product in the $450,000 to $550,000 range; especially in the Yaletown and False Creek North areas. 

Listing versus Sales update for June 20th to July 27th

221 new listings in the Vancouver West Region with 125 (57%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 76 (61%)
• Coal Harbour: 15 (12%)
• West End: 16 (13%)
• False Creek North: 18 (14%)

TOTAL : 125 (57%)

176 total sales in the Vancouver West Region with 90 (51%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 50 (56%)
• West End: 18 (20%)
• Coal Harbour: 8 (8%)
• False Creek North: 14 (16%)

TOTAL : 90 (51%)

Sales volume continued to show stability in the face of what appears to be economic recovery, moving from 164 sales to 176 attached sales. The downtown core neighbourhoods witnessed a slight boost on the supply-side as well, though there remains access demand in many areas and price ranges.  After a slight set-back earlier in the week; the TSX has shown marked gain based on a resurgence in the commodity sectors as well as better then expected earnings reports over the last quarter; along with competitive financing this should continue to fuel the recovery in the Vancouver markets. The sales to listing ratio also remained relatively stable this past week sitting at [176 : 221] ’sales to listings’ or 80% saturation – interest rates looks to remain stable through the next quarter.

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