Friday’s Facts On Monday
Posted March 31st, 2008 in Real Estate, Statistics
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.
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?
