Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, British Columbia
P: 604-261-9311
F: 604-261-6648
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Monday, January 18, 2010 - Westside Market Update - Week Ending Jan. 15/10

Over the past 2 weeks, inventory has been creeping up, now at a total of 1,720 (up from 1,396 on January 1st), however, the number of reported sales has not been keeping pace with December sales.  The sales to new listings ratio over the past week was 29%, and only 67 properties were reported sold on the West Side.  The number of detached homes for sale remains very low, only at 309.  The low number of sales could be attributed to the quality of listings coming on, compared to the type of properties that buyers are seeking.  As an experienced agent, I am not seeing too many "gem" properties coming to market right now.

posted in General at Mon, 18 Jan 2010 16:59:27 -0800



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