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

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Ian Watt's Vancouver Condo Real Estate Week in Review for November 21 to 27, 2010

Vancouver Condo Real Estate Video Blog #626 - November 21, 2010

 

Ian Watt's Vancouver Condo Real Estate Week in Review for November 21 to 27, 2010

 

Ian Watt video blogs about the week of November 21 to 27, 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 - 81      

Price Changes -   35   
Units Sold -   54      

Total Listings -  1134
Total 2010 Sales - 2517

 


Ian Watt: Hi, Good afternoon! It's Ian Watt in Downtown Vancouver.  Doing the week in review for the week that was November 21st to November 27th 2010 and although it look like a pretty quiet week there were some numbers thrown out there and something happen that scewed all our listings and I'll explain why in a second. But this week we had 81 new listings, we had 35 price reductions and 54 sales. Now the reason why I say scewed is because some developer put 25 new listings on Downtown. This is some pre-sale crap that nobody want it because it's totally over price, so instead of selling them in their own sales centered he decided to put them on the mls. 25 more listings than we should have so I guess that will be about 56 that we should have coming this week but instead we had 81 if my math is correct. Nonetheless, it was a pretty good week pretty balance. If you take those 25 off. So far year to date we've had 2,517 sales and were looking really good as far as listing count is concern. We have 1,134 active listings in the Downtown core. Now what I'm going to say again, what I'm gonna say again is were definitely going to see December quiet off and a very few listings gonna come out in December which is gonna be great for our December January market. My name is Ian Watt and if you have any questions. You can always email me at   ianwatt@ianwatt.ca. Thank you very much and have a great day!