Vancouver Condo Real Estate Video Blog #574 - July 5, 2010
Ian Watt's Vancouver Condo Real Estate Week in Review for July 3 2010
Ian Watt video blogs about about the week of June 27 to July 3, 2010 in Downtown Vancouver Condo real estate including the areas of Coal Harbour, Downtown, Yaletown (False Creek North), Gastown and the West End. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.
New Condo Listing - 101 (or 25.3 new listings per day)
Price Changes - 58 (or 14.5 price changes per day)
Units Sold - 60 (or 15 sales per day)
Total Listings - 1671
Total 2010 Sales - 1463
Ian Watt: Hi Good afternoon! It's Ian Watt in Downtown Vancouver. Just doing the week in review for the week that was last week that ended July 3rd and keep in mind it was Canada day. So there were only four days as far as the MLS is concern. But as of last week as of Friday. We had a 101 new listings, 58 price reductions which is far less than we usually see and 60 sales even though it's four day week. The same amount of sales but the greatest thing, the first time since May we've been under 1,700 listings for the Downtown core. We were at 1,671 active listings. And a bit of it could be because of cancellations because of June 30th. But nonetheless, at least were going on a right direction. And then we had 1,463 sales as of Friday afternoon year today. My name is Ian Watt. And obviously you can see that the market is going in the right direction. It's pretty fantastic because we had price reductions with lot of inventory but it is going in a right direction. Good news for sellers! You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!