30 Days in Pt. Grey – a Vancouver Neighbourhood

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Point Grey 30 Days

Point Grey Detached real estate during the past 30 day period of February 23, 2009 to March 25,2009 experienced a increase in the number of sales up at 16 – up 2. The number of active listings remained steady. Average and median active list prices held also held steady. The spread between the average Sold and Ask price took about an 8% drop during this period. Struggling to find the floor, there were 28 price reductions, down from 30 in the last period.

Sellers appear prepared to accept a lower selling price as both median and average sold prices have dropped MOM giving way to serious savings for buyers.

Numbers

FOR SALE

FOR SALE

This Month

Last Month

Active Listings

62

62

Active Listing Price

$2,721,243

$2,721,243

Median Listing Price

$1,898,000

$1,898,000

EXPIRED

Expired Listings

2

5

Average Expired Price

$1,614,000

$3,113,200

Median Expired Price

$1,614,000

$2,388,000

SOLD

SOLD

16

14

Average Sold ASKING Price

$1,787,562

$1,834,400

Average Sold Price

$1,645,368

$1,838,985

Median Sold ASK Price

$1,678,000

$1,834,400

Median Sold Price

$1,629,500

$1,642,500

HIGH/LOW

Highest List Price

$19,800,000

$19,800,000

Lowest List Price

$849,000

$898,000

Outlook

Buyers have found new confidence in lower interest rates offered by the banks. While they are realizing interest savings they continue to seek sellers who are prepared to negotiate prices lower than asking. Looking forward it is expected that this type of activity will continue.


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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