Vancouver’s West End Market Analysis March 2008
April 14th, 2008 Categories: Vancouver Real Estate, West End
Reflections
Listings up, prices up, sales down, days on the market have increased.
Listings 205 (up from 172 in Feb) Least expensive 2 bedroom $379,000.
125 listed under $500,000. 48 listed between $500K and $1M. 28 listed between $1M and $3 and 3 over $5M. 54 have had a list price reduction. (a whopping 25%)
Sales 44 - 10 had price reductions
35 sold under $500,000 and 2 over $1 million
Average Price $499,000, average $ pr sq ft $616. Selling price to List Price Ratio 99%. 6 sold over list and 5 at list. Four and a half months of inventory.
Days on the market 41 (vs.22 in Feb).
Average price $499,000 (vs.$445,376 in Feb).
Moving into a more balanced market with a better selection for buyers.
when you’re ready to buy or sell your West End condo, talk to Maggie
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