Vancouver West real estate > detached homes
Detached home sales in Vancouver Westside for the month of March, 2012 at 152 units was 15% lower than the previous month sales of 177 units, and 46% lower than a year ago. The total active listings at the end of the month around 850 units and average past 3 months demand at 138 units pointed to just over 6 months supply of homes. You can view detached homes for sale in Vancouver west using the link here.
The supply of homes showed a slight increase as sales slowed down. Overall, the market for detached homes in Vancouver West is in balance. The cooling off in the market is a relief to home buyers. Home prices in Vancouver West could have peaked a few months back.
The slowing down in home buying activities in Vancouver West are now inline with the neighboring municipalities like Richmond, Vancouver East and Burnaby. The markets in these other cities are now more tampered and buyers are taking more time to check out homes for sale on the market. The median price dropped slightly, but is is staying above the $2.00 million level.
Market outlook for Vancouver West detached home
The Vancouver West detached home market is favoured by Asian buyers, and the underlying support for homes there depends on these buyers. The uncertainties on the economic fronts in the US, Europe and China are not having a significant dampening effect on home prices in Vancouver west.
You can view detached homes for sale in Vancouver west using the link here.