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

Blog by Ian Watt

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Ian Watt's Vancouver Condo Real Estate Week in Review for September 19 to September 25, 2010

Vancouver Condo Real Estate Video Blog #605 - September 27, 2010


Ian Watt's Vancouver Condo Real Estate Week in Review for September 19 to September 25, 2010


Ian Watt video blogs about the week of September 19 to September 25, 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 - 130      (or 26 new listings per day)
Price Changes -   43   (or 9 price changes per day)
Units Sold -   48     (or  10  sales per day)
Total Listings -  1430
Total 2010 Sales - 2056


Ian Watt: Hi, Good afternoon! It's Ian Watt in Downtown Vancouver. Doing the week in review for the week that was September I wanna say 19th to 25th and it was kind of an interesting week. Last week of September basically and were going into fall, I think this is the amount of listings were gonna see the most coming out but I thought it will kind of quiet down this week but it really didn't. We had a 130 new listings, 43 price reductions and 48 sales. Very consistent at about ten a day so far it is 2,056 sales year to date. But, as I mentioned last week my prediction would be that will go over 1,400 listings and were creeping back up again were at 1,430 active listings in the Downtown core. I don't know what's gonna happen for the next month but what's happening right now is we're seeing a lot more inventory, we're seeing a lot of people out there looking but were not seeing a lot of sales. It's definitely attractive time cause mortgage rates are low prices are not climbing. So it's good time if your out there being a buyer but were not seeing a lot of sales coming through under ten a day. Again very consistent for the year. My name is Ian Watt and if you have any questions on the week that was. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!