The Inside Scoop....

The total amount of active listings in the Westside has fallen to 1,787, with only 356 Detached homes for sale.  Over the past week, the sales to list ratio was 151%!  This is largely due to fewer properties being listed at this time of year, and buyers still being very active.   A year to date snapshot of the West Side shows that there were 15% fewer properties listed compared to 2008, with a 57% increase in sales over 2008.  The year to date Sale to List Ratio is 69% compared to 37% in 2008. ... Full Article...

Surprising for this time of year (which is traditionally slow in sales), the sales to listing ratio for the past two consecutive weeks has been 102% and 100%.  Listing inventory on the West Side has declined to a total of 1,914, with only 397 Detached homes available for sale.  Compared to the same time last year, that is almost half of the inventory available, and sales numbers are nearly triple what they were in the last quarter of 2008. 

The Real Estate Board of Greater Vancouver has just released the latest Housing Price Index:   Indexed Price 1 Year Change 3 Year Change Detached  $1,445,248      29.5%      29.9% Townhouse  $ 715,027      25.5%      14.8% Condo  $ 492,247      14.9%      17.0% Although the price gain over the past year appears significant, it is not that much different from the 3 year gain.  This is due to falling prices during the market freeze of the fall of 2008, and 2009 price increases to near peak ... Full Article...