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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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No Inventory In Downtown Vancouver Condos Under $400,000

Vancouver Condo Real Estate Video Blog #348 - June 25, 2009

No Inventory In Downtown Vancouver Condos Under $400,000

Ian Watt video blogs about how the market is incredibly busy for condos under $400,000 in Yaletown and Downtown Vancouver.If you want to oice 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.

Ian Watt: Hi good morning. It's Ian Watt in Downtown Vancouver on this rainy summer day. I wanted to mention that anything under $400,000-450,000 right now is on fire. The first time buyers are out there. They're buying up everything and there's no inventory as far as good buildings are concerned in Downtown Vancouver especially Downtown and Yaletown. Its crazy right now. There's no inventory whatsoever. Now, we're starting to see the $600,000 mark starting to get active. Its still really slow as far as the multi-million dollar condos are concerned but mark my words if you put your property on and its a $400,000 dollar property you gonna have 10 people coming to see it by the end of the week. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have great day!