Team Nickerson

Price is everything!  Now more than ever, if you are serious about getting your home sold in this market, you need to be better than "well" priced - you need to be the best price in town.  Here are the most recent statistics for the month of November.

If you have a Westside house to sell, there is currently a 38 month supply of inventory (since 2002 it barely ever went above 5 months) and you only have a 12% chance of selling.  There were 949 listings and only 25 sales last month.

Prospects were a little better on the Eastside where there is a 21 month supply (44 homes sold out of the 935 that were listed) and you have a 21% chance of selling.

The condo market is still faring beter than the detached market with 18 months supply in Vancouver West and 19 months supply in Vancouver East.

Don't be discouraged though!  If you want to sell, you CAN - you just need sound and realistic advice.  And if you want to buy, well life is a candy store at the moment.