Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, BC
P: 604-261-9311
F: 604-261-6648 Email
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, 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.
The past week has been a near carbon copy of the previous week: New Listings - 249 Properties Sold - 194 List to Sale Ratio - 80% Total Inventory - 2,206
posted in General
at Sun, 26 Jul 2009 07:07:58 -0700
This week's list to sale ratio is 80%, with 245 new listings, vs. 196 properties reported sold. The inventory of homes for sale continues to decline, presently at 2,207, down from a high of 3,061 at the end of February/09. Lower supply, increased demand, and historical low interest rates have helped to stabilize the market and stop the price declines that we saw early this year. The bottom of the market is now well behind us.
posted in General
at Fri, 17 Jul 2009 19:08:02 -0700
New Listings - 240 Sold - 163 List to Sale Ratio - 68% Total Inventory - 2,233 (about the same as last week) The list to sale ratio is down this week as compared with previous weeks. Is this the start of a typical summer slowdown? Now that school is out, and families tend to take summer vacation, we could see this trend continue, but we expect condo sales to remain strong, as inventory has tightened, and demand remains steady. Throughout the spring, we have had a steady influx of overseas ...
Full Article...
posted in General
at Sat, 11 Jul 2009 09:59:02 -0700