Vancouver West Detached Homes – December Sales
Detached home sales for the month of December at 116 units was 28% lower than the previous month sales of 161 homes. When compared to the total active listing count around 315 homes, the inventory of Vancouver West detached homes (MOI) at around 2.7 months showed that the supply of homes is tight, and pricing pressure could move home prices up in the coming months. Unless there are more homes coming onto the market, 2011 will likely result in higher prices in the coming months.
With fewer choices for home buyers, sellers are holding firm on their prices. Average home prices remained above the 2.00 million level, while the median price continued to edge up for the 3rd consecutive month in a row. Current price level is expected to maintain with a reasonably stable spring market for 2011.
Building Lot Sales Activities
Sales activities for older detached homes in Vancouver West are strong with multiple offers being reported. Homes that were sold within days of posted on the mls system were selling at full price and very often in multiple offers situation, successful buyers paid much higher prices than asking to secure the homes they want to purchase.
You can view detached homes for sale in Vancouver west using the link here.