April in Oakridge – a Vancouver Neighbourhood

oakridege-4-28-2009-3-23-15-pm1

Oakridge 30 Days

Oakridge Detached real estate during the past 30 day period of March 29 2009 to April 28,2009 saw sales flat at 3. The number of active listings decreased. Average active list prices increased. The spread between the average Sold and average Ask is in the 8% range during this period. The challenge of finding the market floor continues as 40% of the active listings reduced their price during this period.

FOR SALE

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This Month

Last Month

Active Listings

5

10

Average Active Listing Price

$1,308,000

1,222,800

Median Listing Price

$1,340,000

$1,319,000

Expired Listings

0

2

Average Expired Price

N/A

$1,233,000

Median Expired Price

N/A

$1,614,000

SOLD

3

3

Average Sold ASKING Price

$1,092,000

$1,021,333

Average Sold Price

$1,081,000

$924,666

Median Sold ASK Price

$1,298,000

$1,678,000

Median Sold Price

$1,1708,000

$1,068,000

HIGH/LOW

Highest List Price

$1,159,000

$1,690,000

Lowest List Price

$950,000

$649,000

HIGH/LOW

Highest Sold Pricesold-high-4-28-2009-3-06-06-pm $1,328,000

Lowest Sold Pricesold-low-4-28-2009-3-04-59-pm $745,000

Outlook

Lower interest rates has increased confidence providing a spring blush to this neighbourhood’s asking prices. Buyers remain cautious as they seek sellers prepared to negotiate their asking price. Looking forward, expect this type of activity to continue through the early summer.


*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.

*** N/A – indicates the sample size is too small to provide an accurate number

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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