Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648
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Sunday, April 5, 2009 - Westside Market Update Week Ending April 3rd

The market has remained quite stable over the past few weeks.  134 Properties were sold in Vancouver’s Westside last week.  Even though we are seeing roughly 200 new listings coming to the market each week over the past few weeks, the total inventory in the Westside is down slightly, at 2,864.  As long as inventory doesn’t start to spike, prices should remain relatively stable.  If you are looking for a detached house in the Westside under $1,000,000, there is a marginal supply, and for the moment, it looks like the price correction that was needed is finding the bottom in the cycle.  The majority of new listings coming to the market recently has been brand new condos in the Downtown core.
posted in General at Sun, 05 Apr 2009 08:55:32 -0700



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