30 Days in Arbutus – a Vancouver Neighbourhood
Posted January 21st, 2009 in Arbutus, Neighbourhood SnapShot, Real Estate, Statistics | 
30 Days
Arbutus Detached real estate during the past 30 day period of December 22, 2008 to January 21,2009 experienced the continuing decline in sales activity.
Numbers
FOR SALE
| Active Listings | 55 |
| Average Listing Price | $1,755,461 |
| Median Listing Price | $1,670,000 |
EXPIRED
| Expired Listings | 16 |
| Average Expired Price | $1,624,500 |
| Median Expired Price | $1,570,000 |
SOLD LISTINGS
| Sold Listings | 3 |
| Average Sold Asking Price | $1,804,333 |
| Average Sold Price | $1,612,666 |
| Median Sold Ask Price | $1,980,000 |
| Median Sold Price | $1,850,000 |
HIGH/LOW
| Current Highest List Price | $3,449,000 |
| Current Lowest List Price | $882,100 |
Outlook
Buyers are waiting on the sidelines in anticipation of a further price reductions. 39 of the 55 or 70% of the active listings, had price reductions.
Expectations are that the market will continue down 08′s path during 2009 for at least for the next few months
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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.
