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.
 

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

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...

posted in General at Sat, 19 Dec 2009 11:52:59 -0800

Monday, December 14, 2009 - Vancouver West Side Market Update - Week Ending Dec. 11/09

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. 

posted in General at Mon, 14 Dec 2009 09:35:07 -0800

Friday, December 4, 2009 - Vancouver Westside Housing Prices

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...

posted in General at Fri, 04 Dec 2009 10:37:11 -0800

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