We have compiled sales and listings statistics for the period running from March 2nd to March 9th, and released them in this easy to read format!  If you have any further questions or require more detail please get in touch with us.  Buyers continued to actively browse the market as showing activity again increased this week.  Again we see a noted decrease in new supply, and a relative stability in our sales figures.  This signifies a notable ‘tightening up’ of the downtown market.  As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales over the next four weeks. Listing versus Sales update for March 2nd - March 9th

190 new listings in the Vancouver West Region with 94 (49%) falling in the downtown areas
(including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).

New Listings Per Sub-Area:

• Downtown Core: 52 (55%)
• Coal Harbour: 6 (6%)
• West End: 27 (29%)
• False Creek North: 9 (10%)

TOTAL : 94

81 total sales in the Vancouver West Region with 47 (58%) falling in the downtown areas.

Sales Per Sub-Area:

• Downtown Core: 28 (60%)
• West End: 8 (17%)
• Coal Harbour: 5 (11%)
• False Creek North: 6 (12%)

TOTAL : 47

Sales remained relatively stable, increasing slightly from 76 sales to 81; the number remains well below seasonal norms, but we have seen stronger sales movement since December 2008.  As stated previously there has been an influx of buyer activity over the past three weeks as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [81 : 190] or 43%.

If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!  Also check out our other downtown specific sites at: http://www.vancouverscondos.com , http://www.yaletownresidences.com, http://www.coalharbourmarketing.com, and http://www.mrdowntown.ca!

Mr.Downtown