Cloverdale Town Home Feb 18, 2011

Hello again and welcome to the Cloverdale Townhome Blog.  Its Friday February 18 and here is your current market update! We are up to 154 active listings in Cloverdale Townhomes today. Up again from last week, as normal we are ramping up for that big spring market, you’re going to keep seeing all of these listings keep coming on. We’ve had 14 expiries in the last 30 days. That’s normal, about 10% of them expiring, most of them around the first of the month or the 30th of last month. But the good news is 15 sold within the last 30 days. That means things are starting to ramp up a little bit. You are at 10% roughly of active listings selling and that is about where we were last blog.  But that being said the numbers of sales is starting to rise and that’s a good thing for everybody. We are at about $228 per square foot, actual sold price. Now compare that to the list price of the average listing and you are about $235 per square foot. So we are getting better but you can see if you are closer to the $228 per square foot you might have a better chance, obviously depending on your specific situation. But until next week, if you have any questions, give us a shout.  I am Steve Karrasch, I work with Chris Whitehead & Associates at Macdonald Realty Olympic. Give us a shout here at 604-590-2444 and always find us on the web at www.chriswhithead.ca. Talk to you next week.