Note on this article: these areas cover False Creek, parts of Fairview, Oakridge, Cambie, South Cambie, Marpole. False Creek basically includes Olympic Village, which is a relatively new neighbourhood.
Attached Homes Movement in Cambie Corridor (Vancouver West)
Cambie Corridor Sees A lot of Action for Condos and Townhome Listings and Sales.
The Cambie corridor of Cambie, False Creek, Fairview, Marpole, Oakridge, SW Marine and South Cambie condos and townhomes accounted for just over 50% of total new listings and sales in Vancouver West. This market showed to be very fast paced with 4 of the neighbourhoods registering sales ratios above 40%.
The top performer was Fairview with 39 new listings and 23 sales for a 59% sales ratio. False Creek, Marpole and SW Marine condos and townhomes saw a similar market with sales ratios in the 45%-46% range. Collectively, these three neighbourhoods had 136 new listings and 62 sales (45.5% sales ratio).
Cambie and False Creek Introduced A Lot of Inventory This Month:
- Cambie condos & townhomes added 102 new listings with 21 sales (21% sales ratio)
- False Creek condos & townhomes added 69 new listings with 31 sales (45% sales ratio)
Most Attractive Price Band For January Condos and Townhomes in Cambie Corridor
The $600K-$700k price band hit the sweet spot for Vancouver Westside condo & townhome listings this month with a 93% sales ratio. This price band had an impressive 28 listings and 26 sales. The larger bracket of Vancouver Westside condos & townhomes from $300K-$900K saw a lot of success this month with a collective 57% sales ratio. This price bracket accounted for 142 total new listings and 81 sales.
Detached Homes Movement in Cambie Corridor (Vancouver West)
Not as Much action for Houses in Cambie Corridor Market
The cambie corridor brought in 140 new listings to start out the new year. Of these new home listings, only two neighbourhoods saw a sales ratio above 10%. Marpole houses in Vancouver West had the highest sales ratio for the month at 22% with 37 new listings and 8 sales. The second highest neighbourhood was homes in Cambie, Vancouver West with a 12% sales ratio which had 58 new listings and 7 sales.
Many Homes still available in Oakridge and SW Marine, Vancouver Westside
Only two other neighbourhoods of the 7 total in the Cambie corridor had any sales. This was Oakridge and SW Marine who had a 6% and 4% sales ratio respectively. Collectively, the two neighbourhoods accounted for 41 new listings and only two sales. Click here to view the collection of homes still available in Oakridge and SW Marine.
Most Attractive Price Band For January Single Family Homes, Cambie Corridor
The price band that saw the most action for the month was Vancouver West homes at $2.5M – $2.75M. These homes had 11 new listings and 11 sales, for a 100% sales ratio. The larger bracket of $1.75M – $3.5M homes in Vancouver Westside attracted most of the total sales with 97 new listings and 37 sales for a total sales ratio of 38%.
- Click here to view homes in Cambie Corridor at $2.5M – $2.75M
- Click here to view homes in Cambie Corridor at $1.75M – $3.5M
Want More Details on Real Estate Movement Along The Cambie Corridor?
Talk to Ken & Samantha to learn more about the details of what moved along the Cambie Corridor recently. With many new developments on the horizon such as Oakridge by Westbank, this transit-friendly region is definitely worth keeping an eye on.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.