| Friday, April 9, 2010 Vancouver March Market Overviewby RE/MAX Select Properties on Fri, Apr, 9, 2010 07:06 PM There has been a noticeable increase in real estate inventory in the Vancouver west side market area.
The rise in inventory however is offset by the actual number of sales. This creates a more balanced housing market moving into the traditionally active spring market. Sellers have an incentive to list their homes now before the HST comes into effect in July; while at the same time the small jump in interest rates is motivating Buyers to act before their pre-approved rates expire.
January thru March, 2010 has seen a rise in housing and condo inventory by 38% and actual sales increased by 52% with the condo market up by 45%
The first quarter of 2010 compared to 2009, shows an increase in the average sale price for houses on the west side of Vancouver by 47% and by 30% in condos. |
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