Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648 Email
Saturday, July 11, 2009
- Vancouver Westside Market Update - Week Ending July 10/09
New Listings - 240 Sold - 163 List to Sale Ratio - 68% Total Inventory - 2,233 (about the same as last week)
The list to sale ratio is down this week as compared with previous weeks. Is this the start of a typical summer slowdown? Now that school is out, and families tend to take summer vacation, we could see this trend continue, but we expect condo sales to remain strong, as inventory has tightened, and demand remains steady. Throughout the spring, we have had a steady influx of overseas buyers in the detached market, and this could buck the summer trend. Inventory in detached homes remains at 557 for the entire Westside.
posted in General
at Sat, 11 Jul 2009 09:59:02 -0700