Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648
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Saturday, March 7, 2009 - Westside Market Update week ending March 6th, 2009

Once again, we are seeing stablity in the Westside stats over the past week.  116 sales were reported, slightly up from 104 the previous week.  Although the number of new listings were also up (242 compared with 194 in the previous week), the total inventory on the Westside has dropped from 3,061 to 2,983 in the past week.  There are only 50 detached houses for sale West of Granville Street, that are priced under $1 million.  Several detached houses in this bottom end have accepted offers, and it is looking like this inventory will remain tight, perhaps signalling that market prices are near bottom, as long as inventory doesn't start to spike. 
posted in General at Sat, 07 Mar 2009 10:35:04 -0800



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