Have You Cast A Spell on Vancouver Real Estate?

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.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact 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.

Reader Comments:

mila Says:
November 1st, 2008 at 11:48 pm

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?

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