
Finally, after a terribly frantic and hectic week in real estate, I am able to sit down and analyze the market activity (aside from my own) for the past 8 days. It is completely in balance, with 338 new listings, and 283 sales!
This morning, I attended my monthly networking meeting of Royal LePage Realtors, the BC Breakfast Club, and it seems that Vancouver's Westside is ahead of other markets. Squamish appears to be a couple of months behind the West Side, and the eastern suburbs appear to be about a month behind. No question, the phenomenal interest rates available today, coupled with a stable inventory have led to an increase in market activity. It is my personal feeling that we have seen prices bottom out in the under $325,000 price point in condos, and in the under $1 mil price point in detached homes.