Vancouver Real Estate’s Jericho
Posted June 18th, 2009 in Real Estate, Statistics | 
Do you see a crumbling Vancouver real estate wall?
Consider this:
- April 09, 709 West Side residential units sold.
- May 09, 863 West side residential units sold. An increase of 154 units.
- As of the 17 of June 09, 480 residential units have sold.
With more than half the month now history, 383 more units must sell if the market is to match May’s numbers.
Everyone is wondering – will the market hold, start to level out, or retrench?
What we know is that buyers have scoured the well priced attractive homes from the market place. In doing so they also drove prices up with multiple offers.
Left are the market remains. Will buyer’s enthusiasm prevail for these second choice higher priced properties?
Your guess is as good as mine. What do you think will happen?
*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.
The stuff out there on the west side under $1 million is just terrible. Any good stuff is snapped up with multiple offers. It’s been very frustrating!