Westside Vancouver Detached Property Market Update : April 27th - May 4th
We would like to present ‘Westside Detached Stat Package’ for the week of April 27th - May 4th.
This detached market on the Westside continued to perform well below seasonal norms as the recent recovery in the attached and apartment markets due to better financing and economic conditions has not yet reached the higher-end housing market on the Westside. New listings moved from 69 new detached active listings in the Vancouver West Region to 76. Attached and condominium markets tend to be what we refer to as ‘early indicators’, which should lead to further improvements in the detached market as 2009 continues. Kitsilano and Kerrisdale have notably seen a drop in both listing, and sales activity as property transaction velocity has fallen off notably in relation to previous years. The good news for sellers is that there is not a whole lot of competition at the moment; especially in the mid-grade $1,000,000 - $1,500,000 price range which includes many homes in the 2300-2600 blocks north of W 4th Avenue. Buyer competition remains active in these areas, and thus it may be a solid time to consider listing your home if you have been thinking about proceeding with a sale. 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 76 new detached active listings on the Westside were distributed as follows:
Arbutus (AR) : 5
Cambie (CA) : 4
Dunbar (DU) : 5
Fairview (FA) : 1
Kerrisdale (KE) : 6
Kitsilano (KT) : 6
MacKenzie Heights (MH) : 2
Marpole (MR) : 6
Oakridge (OA) : 2
Point Grey (PG) : 8
Quilchena (QU) : 4
South Cambie (SC) : 3
South Granville (SG) : 9
Southlands (SL) : 4
Shaughnessy (SH) : 5
S.W. Marine (SW) : 4
University (UL) : 2
76 total detached listings on the Westside from April 27th - May 4th.
This past week there were 47 detached sold listings 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 47 detached sold listings on the Westside were distributed as follows:
Arbutus (AR) : 8
Cambie (CA) : 2
Dunbar (DU) : 5
Kerrisdale (KE) : 1
Kitsilano (KT) : 1
MacKenzie Heights (MH) : 4
Marpole (MR) : 3
Point Grey (PG) : 7
Quilchena (QU) : 1
South Cambie (SC) : 2
South Granville (SG) : 5
Shaughnessy (SH) : 3
S.W. Marine (SW) : 2
Southlands (SL) : 2
47 total detached sales on the Westside from April 27th - May 4th.
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.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!
About the Author:Matthew Keevil is an accredited commodities and real estate analyst working out of the RE/MAX Select Properties offices in Vancouver, British Columbia.
Article Source: ArticlesBase.com - Westside Vancouver Detached Property Market Update : April 27th - May 4th