Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648
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Friday, July 17, 2009 - Vancouver Westside Market Update - Week Ending July 17/09

This week's list to sale ratio is 80%, with 245 new listings, vs. 196 properties reported sold.  The inventory of homes for sale continues to decline, presently at 2,207, down from a high of 3,061 at the end of February/09.  Lower supply, increased demand, and historical low interest rates have helped to stabilize the market and stop the price declines that we saw early this year.  The bottom of the market is now well behind us.
posted in General at Fri, 17 Jul 2009 19:08:02 -0700



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