Signs pointing towards busy spring housing market.
Vancouver BC March 2, 2007: Current listing inventory remains virtually the same year to date as Jan-Feb 2006 ytd figures. The only notable increase in inventory is in the apartment category; up 11%. Unit sales overall remain steady in all categories.
We are still reporting many multiple-offer situations, though not at the same fast pace as we experienced last Spring & Summer. The average number of days on the market has increased from 49 days to 58 days. Hiring the right agent does make a difference.
The benchmark price of a detached home in Greater Vancouver is $666,983, up 11.4% from last year. The Westside benchmark is $1,204,314, up 14.3% from one year ago. The attached unit benchmark for Greater Vancouver is $419,061, up 15.1% from a year ago. Westside benchmark is $625,604; up 17.7% since last year.
Some examples of our current listings and sales:
2154 SW Marine Drive $5,980,000 4252 Doncaster
Way $1,480,000
615-645 W 41st Ave $1,200,000 320 Mathers Ave $1,288,000
3016 W 6th Ave $1,080,000 426 W 13th Ave $1,088,800
85 E 16th Ave $
998,000 6550 Wellington $ 779,000
602-1888 York Ave $ 349,900 602-1177
Hornby St $ 305,000
Drop by our website at www.HepburnRealEstate.com. We are saving space for your home in Dream House Magazine & the upcoming issue of Homes & Land.
We want you to feel comfortable calling us anytime, even if you're not ready to sell yet. Consider us your real estate source for information. We welcome your call if you have any questions.