30 Days in Arbutus – a Vancouver Neighbourhood

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.

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.

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