Friday’s Facts On Monday

Inventory Up

Vancouver Real Estate’s West Side inventory of Single Detached Homes continues to grow. At 255 listings, the current month it is up 10% over last years 231.

Year to Date numbers reveal a greater spread with Total Units Listed at 732 compared to last year at 586 – up 24%.

The number of Sales is down. For the month 127 units Sold compared to last years 170 – a drop of 25%. Year over year Sales are down at 340 compared to 393 for the same period from last year a drop of 13%.

The total number of Active Listings have increased by 33% from 384 last year this month to 512.

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Single Family Home Prices West Side still Rise

For the month to month comparison the Average Price increased to $1.616 million from 1.320 an increase of 22%. Year to Date comes in a little higher at 24% from $1.356 to $1.685.

West Side Engine just keeps Going

The first quarter of this year may be setting the pace for the rest of the year. The pattern of More inventory – Fewer Sales and Increased prices that began in January continues.

Who will be the first to claim this pattern as the “trend” for 2008?

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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