The Inside Scoop....

By the time the Media reports any significant changes in the real estate market, it is old news to those of us working "inside the trenches".  (All statistics quoted are sourced from the Real Estate Board of Greater Vancouver and relate to the West Side Residential Market only, unless otherwise noted).  Bookmark this page and come back often for news on micro changes in the market and to get a prospective from someone in tune with the market, and in direct contact with buyers and sellers on a daily basis.
 

Friday, May 29, 2009 - Westside Listing Inventory Continues to Drop

The total number of active listings is down again this week, presently at 2,484.  Inventory has been dropping steadily since the middle of March, 2009.  There were 251 new listings this week, and 217 sales, so the list to sale ratio remains pretty tight.  Buyers have discovered that they are not so in charge as they were in the months of November, December, January.  There is a lot of speculation that we are experiencing just a blip, and things will cool off in the summer.  Who really knows?  P ... Full Article...

posted in General at Fri, 29 May 2009 17:06:16 -0700

Friday, May 22, 2009 - Vancouver Westside Market Update - Week Ending May 22/09

Over the past week, the number of sales has actually out-paced the number of new listings.  There were 200 properties reported sold in the Westside, versus 182 new listings.  The total listing count is down again, to 2,514.  As inventory tightens up, and sales increase, prices are remaining stable.  However, in some categories, buyers are finding it difficult to buy.  Where inventory is very tight, we are seeing bidding wars again, on "gem" properties that are priced at or slightly under market ... Full Article...

posted in General at Fri, 22 May 2009 21:13:25 -0700

Saturday, May 16, 2009 - Vancouver Westside Market - Week Ending May 15/09

In a nutshell, the market continues on a very balanced trend.  We had 247 new listings in the past week, and 217 sales.  The total listing count is down again this week, at 2,582.  I am working with a Relocation client this weekend, and of the properties I selected to show them, about half of them are sold or have accepted offers.  This is in the $500-600,000 price range for a larger 2 bedroom condo.  This segment of the market was virtually dead 5 to 6 months ago, and now things have definitel ... Full Article...

posted in General at Sat, 16 May 2009 07:59:05 -0700

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