The Inside Scoop....

The total inventory in the Westside is down very slightly from last week, now at 3,030.  The number of sales (128) have almost kept pace with the previous week.  The number of new listings to the market is down a bit.  Last year at this time is when we saw the market starting to get flooded with listings.  It's difficult to say whether inventory levels will climb this spring, but right now, the inventory in entry level homes and condos is very tight.  We are seeing some new listings to the mark ... Full Article...

#403 - 1436 Harwood Street, Vancouver, B.C.

Over the past week, listing inventory in the Westside remains stable at 3,050 total.  The inventory in Detached homes has been dropping ever so slightly every week, for the past 4 weeks, and likewise, the inventory in Attached homes has been edging up slightly.  We saw a marked increase in the total number of sales, 135, as compared to an average of 106 for the past 6 weeks.  In the past week, 21% of the reported sales were over $1 million, and 48% of reported sales were under $500,000.  7 Prop ... Full Article...

#102 - 1777 West 13th Avenue, Vancouver, B.C. - this was a popular listing, well presented, and well priced.  It went into multiple offers, 3 in all.  My buyer’s offer was chosen.

#N102 - 628 West 13th Avenue, Vancouver, B.C.

3588 West 31st Avenue, Vancouver, B.C. #2006 - 33 Smithe Street, Vancouver, B.C.

Over the past 5 weeks, the average number of properties sold is 106 per week, and this week, 103 properties were reported sold in the West Side.  The average number of new listings over the same time period is 219 per week, and there were 226 new listings in the past week.  To sum it up, everything is on an even keel.  Total listing inventory in the Westside is quite stable, hovering close to the 3,000 mark for the past 5 weeks.  Some of the inventory is taken up by sales, and some of it is sti ... Full Article...

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 ... Full Article...

The Real Estate Board of Greater Vancouver has just released the latest statistics, and our Housing Price Index shows that prices on the Westside have been relatively flat since December, 2008:    Nov/08 Dec/08 Jan/09 Feb/09 Det. $1,116,267 $1,165,007 $1,134,773 $1,170,886 Att. $569,949 $609,623 $650,919 $635,072 Apt. $428,548 $424,509 $425,678 $422,456 In the past year, the price of Detached Homes show a decrease of 19%, but the 5 year trend is an increase of 58%.  Townhomes have shown a ... Full Article...