This is from a recent Macrealty email:
The Market is strong on the Westside!
As of yesterday there have been 173 detached properties sold on the Westside. When compared with the 121 detached sales that occurred during April 2008 this represents a 42% increase. Attached sales are up 23% to 83 units from 67 during 2008. With total sales of 633 April 2009 is the best month since October 2007 and the month is not over yet!
We have had an unprecedented number of offers on properties in the past 2 weeks and have also been involved in a very high number of multiple offers....its amazing what those interest rates can do!