Friday’s Facts Vancouver West
Posted February 23rd, 2008 in Real Estate, Statistics
The Vancouver Real Estate market just keeps bumping along. The “Chicken Little” types are out in full force calling for a drop. This week is not showing any major change but you never know when an egg will be laid.
This week’s numbers
- New listings below last year’s number by -7.0%.
- The total number of listings is up by 15.0% from last year.
- Units sold is down by 31.0% from this time last year.
- The Average price is up from last year.
50/50 Guesstimate
With the number of units being sold below last year’s record high and a higher inventory of product available we may start to see some price reductions taking place in the weeks ahead. The average price might drop a bit.
Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email. Larry
