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.
 

Sunday, September 27, 2009 - Vancouver West Side Market Update - Week Ending Sept. 25/09

Listing counts are rising slightly, now at 2,173, and sales have moderated.  In the past week, there were 313 new listings, and 185 properties were reported sold, for a sale to list ratio of 59%.  Although inventory is climbing, many of the new listings are priced well above affordability levels for first time buyers, so the market for condominiums priced under $500,000 remains strong, as inventory is still in short supply. 

posted in General at Sun, 27 Sep 2009 18:13:01 -0700

Saturday, September 19, 2009 - Vancouver West Side Market Update - Week Ending Sept. 18/09

Listing inventory is starting to inch upwards, now at 2,100.  Over the past week, 298 new listings hit the market, the highest weekly amount in all of 2009.  186 properties were reported sold, for a sale to list ratio of 62% which represents a balanced market.  If inventory levels continue to grow, this could be the end of the sizzle that we experienced in June, July and August.  However, it is too early to make that call.  One pocket that is still very hot is detached houses in the Main Street ... Full Article...

posted in General at Sat, 19 Sep 2009 08:56:12 -0700

Saturday, September 12, 2009 - Vancouver Westside Market Update - Week Ending Sept. 11/09

The trend of a falling sales to list ratio continues.  During the past week, there were 266 new listings, and only 132 sales, a sale to list ratio of 50%.  This could be due in part, to a short week, or the type of new product hitting the market as compared to the sectors where demand remains highest.  Most of the listings hitting the market in the past week have been in the higher end properties, which are not getting snapped up as quickly as the under $450,000 properties.  Inventory remains s ... Full Article...

posted in General at Sat, 12 Sep 2009 09:02:52 -0700

Sunday, September 6, 2009 - Vancouver Westside Market Update - Week Ending Sept. 4/09

Over the past four weeks, we have seen a trend in a consistent number of new listings coming to market, but a decline in the number of sales, and a corresponding decline in the list to sale ratio.  In the past week, there were 246 new listings, and 169 properties sold, for a list to sale ratio of 69%.  This trend can be attributed to the type of product coming on the market, compared with the hot price points.  We are seeing fewer listings at entry level pricing for first time buyers, where dem ... Full Article...

posted in General at Sun, 06 Sep 2009 12:03:09 -0700

Blog Home

Archives

January - 2012 (4)

December - 2011 (1)

November - 2011 (1)

October - 2011 (1)

September - 2011 (1)

August - 2011 (1)

July - 2011 (1)

June - 2011 (3)

May - 2011 (3)

April - 2011 (2)

March - 2011 (1)

February - 2011 (1)

January - 2011 (4)

November - 2010 (2)

October - 2010 (1)

August - 2010 (1)

July - 2010 (3)

June - 2010 (2)

May - 2010 (3)

April - 2010 (5)

March - 2010 (3)

February - 2010 (5)

January - 2010 (8)

December - 2009 (3)

November - 2009 (5)

October - 2009 (8)

September - 2009 (4)

August - 2009 (7)

July - 2009 (5)

June - 2009 (6)

May - 2009 (3)

Categories

General (55)

Listings (7)

Market News (36)