April in Oakridge – a Vancouver Neighbourhood
Posted April 28th, 2009 in Neighbourhood SnapShot, Oakridge, Real Estate, Statistics | 
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/strong> |
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 Price |
Lowest Sold Price |
$1,328,000
$745,000Outlook
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
