Vancouver Real Estate A Box of Chocolates

Chocolates

As Forrest would say “life is a box of chocolates”. The Vancouver West Real Estate Market seems to be delivering some distasteful sweets for home sellers this week.

Weekly Glance

  • This weeks glance shows 1013 listings are available for Buyer consideration.
  • Of that number only 4 have been registered at the board as being sold with an average of 67 days at market.
  • With a total of 364, 1 in 3 listed properties are reducing their prices.
  • Average Price for the West side homes are hovering just above the $2 million mark.
  • 4 listings exceeded their mandate and did not sell.

Synopsis

Last week we surpassed the 20,000 total listings mark. With this level of inventory it is reasonable to expect the market to continue with increasing price reductions throughout August. As more listing mandates expire we may experience a substantial drop in the total listing count for the board. Sales will continue to remain sluggish as Buyers wait for further and deeper price reductions.

Got a Vancouver Real Estate question? Always happy to help. Call or send me an email. Larry

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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