In the last week of the Vancouver real estate market, activity continued to ramp up after the holidays.
We saw big jumps in activity levels across the board.
Sales rose to 179 (from 147). New Listings were up to 370 (from 272) and Total Active Listings climbed to 2,324 (from 2,222).
Demand continues to outpace supply, however. We saw the all-important months-of-inventory drop further into a Seller's Market to 3.25 (from 3.78).
The hottest sub-markets continue to be East Vancouver condos (1.58 MOI) and townhouses (1.91 MOI). Followed not to far behind by condos (2.86 MOI) and townhouses (2.17 MOI) on the Westside.
Even downtown condos are seeing a strong start to the year. Sales jumped to 51 last week bring the MOI down to just 3.06.
What's interesting is that the detached market seems to be off to slower start. The Westside house market (after a couple of weeks of strengthening) took a step in the OPPOSITE direction...seeing sales fall (13 down from 18) and falling further into a Buyer's...