Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648
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Tuesday, December 16, 2008 - MLS Listing Inventory Continues to Slide

The total number of MLS® listings in the Westside is down by 14% since October 31st.  Detached listings are down by 17% and attached (condos and townhouses) listings are down by 11% since October 31st.  Both the Bank Prime Rate and Mortgage Interest Rates are also down in the past week.  Sales activity is very steady, and prices are near end-of-2006 levels.  These are all the right ingredients for buyers.  This is an absolutely "ripe" time to buy.  Our phones are ringing just a bit more, and given that we are 2 weeks before Christmas, that is a very optimistic sign that the market should see a bit more life in early 2009.
posted in General at Tue, 16 Dec 2008 08:59:28 -0800



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