Vancouver’s West End Market Analysis March 2008

April 14th, 2008 Categories: 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

This entry was posted on Monday, April 14th, 2008 at 7:51 pm and is filed under West End. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Vancouver’s West End Market Analysis for April 2008 » Vancouver Reflections - Shining the Light on Vancouver Real Estate - by Maggie Chandler said:

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# 17 May 2008 at 10:33 am