Diane Birk
Royal LePage Westside
5970 East Boulevard , Vancouver, British Columbia
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 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.

Wednesday, October 28, 2009 - JUST SOLD

#211 - 2057 West 3rd Avenue, Vancouver, B.C.

posted in Listings at Wed, 28 Oct 2009 08:21:49 -0700

Monday, October 26, 2009 - JUST SOLD

#302 - 4101 Yew Street, Vancouver, B.C.

posted in Listings at Mon, 26 Oct 2009 07:05:06 -0700

Sunday, October 25, 2009 - Vancouver Westside Market Update - Week Ending Oct. 23/09

New listings = 217 (down 12% from last week) Sold = 167 Sale to List Ratio = 77% (up 11% from last week) Total Inventory 2,251 (static)

posted in General at Sun, 25 Oct 2009 09:48:39 -0700

Saturday, October 17, 2009 - West Side Market Update - Week Ending Oct. 16/09

The Vancouver Westside market remains active. In the past week, 164 properties were reported sold, and of those, 22% sold over the asking price, which indicates that there were multiple offers (most of these are condos). Many properties sold at the full asking price, or within 1% of list. The listing inventory is only slightly up from a low in early September and is now at 2,270. As fixed mortgage rates have increased, and there is a threat of the Prime lending rate going up in the next 6 m ... Full Article...

posted in General at Sat, 17 Oct 2009 07:49:32 -0700

Saturday, October 10, 2009 - Vancouver West Side Market Update - Week Ending Oct. 9/09

Since mid-year, we have been averaging about 250 new listings per week. This week, there were 350! Listing counts are up very slightly to 2,221. 205 properties were reported sold for a sale to list ratio of 58%. If more properties continue to come to market this Fall, we should start to see a bit more balance, with buyers having more choice, and prices stabilizing.

posted in General at Sat, 10 Oct 2009 11:53:54 -0700

Saturday, October 3, 2009 - Vancouver West Side Market Update - Week Ending Oct. 2/09

The Real Estate Board of Vancouver has released the Housing Price Index for the month of September, 2009: Detached - $ 1,448,233 (the 3 month average is $ 1,399,858) Attached - $ 713,482 (the 3 month average is $ 707,136) Condo - $ 480,959 (the 3 month average is $ 475,364) Listing inventory has dropped slightly from last week, now at 2,127. 285 New listings hit the market over the past week, and 188 untis were reported sold, a sale to list ratio of 66% (up from the previous week). The incr ... Full Article...

posted in General at Sat, 03 Oct 2009 11:45:10 -0700

Friday, October 2, 2009 - Good News on Variable Rate Mortgages

The premium being charged over Prime for some Variable Rate Mortgages have now been reduced to zero "0" with some lenders. For now, Variable Rate mortgages on new business, will float at Prime, which is currently 2.25%. As attractive as these rates are, remember that interest rates WILL go up, as soon as Bank of Canada deems it viable to do so. If the risk of rising rates will impact your ability to make monthly payments, consider locking in at some of the attractive fixed rates. As always, ... Full Article...

posted in Market News at Fri, 02 Oct 2009 11:29:46 -0700

Friday, October 2, 2009 - JUST SOLD

1738 Balaclava, (Kitsilano) Vancouver #703 - 518 Moberly Road, (False Creek) Vancouver 3438 West 1st Avenue, (Kitsilano) Vancouver 1881 West 13th Avenue, (Kitsilano) Vancouver

posted in Listings at Fri, 02 Oct 2009 11:20:35 -0700

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