Have You Cast A Spell on Vancouver Real Estate?
Posted October 27th, 2008 in For Sellers, Real Estate, Statistics | 
TRICK OR TREAT
Worts
The Vancouver Real Estate market has a wort on it’s nose. It’s ugly, it’s not going away, and it’s anticipated that the numbers coming out of the fog will be worse than September’s.
Omens
The bewitching trend continues the slippery slide downward with the path forward darkened by unlit candles.
Screams
Halloween may be more noisy this year with the hollow screams of Vancouver’s West Side home owners who realize that substantial price reductions have little affect on sales that are countered by listings which bubble upward to froth at the brim.
Vancouver West Treats
Total Listings
1161
Sold
30
Expired
116
Price Reductions
480
Sold DOM
47
Average List Price (000′s)
$2,063,900
Average Sold Price (000′s)
$1,540,300
Median List Price (000′s)
$1,649,000
Median Sold Price (000′s)
$1,632,000
Trick
Beware those who offer candied apples with sprinkles. For while the numbers may appear to be a spell cast by a screeching witch, be clear in your vision. The TRICK is to understand that they are the new reality of the Vancouver Real Estate market.
I’m always happy to answer your Vancouver Real Estate question? Call or send me an email Twitter or Skype me at YatterMatters.
Larry
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.
wish i knew how to cast one. but it seems others are doing the trick for me. some houses dropped more than 100,000.00 from it’s asking price. Would you think they were overpriced?