Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648 Email
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