For North and West Van. In case you missed them.
Source: Alan Skinner a realtor, in North Shore Homes:
Comparison of Jan-May 2009 v Jan-May 2008
Detached: 17% less homes old. Average price down -18%
Townhouses: 7% less T/h sold. Average prices down -12%
Condos: 23% less Condos sold. Average prices down -16%
Inventory down a few % from 2008.
Detached: 30% less homes sold. Average prices down -21%
Townhouses: 70% less T/h sold. Average price down -29%
Condos: 27% less condos sold. Average price down -21%.
Inventory almost the same.
Both these areas had reached psychotic levels of over-pricing and I think they could come under further pressure if the economy and stock market falter.
Fun with quant: MS Business Conditions edition - Marketwatch recently reported that Morgan Stanley's Business Conditions Index had deteriorated to levels last seen during the 2007-08 financial crisis. Wow...
8 hours ago