Pt. Grey- a Vancouver Neighborhood
Posted April 20th, 2009 in Neighbourhood SnapShot, Point Grey | 
Point Grey 30 Days
Point Grey Detached real estate during the posted 30 day period March 21 to April 20 2009 had 11 sales. The number of active listings remained somewhat steady showing a decrease of 10 units. Average and median active list prices are down. The spread between the average Sold and Ask price is about 9%. Struggling to find the floor, there were 27 price reductions or about 52% of the active listings that adjusted their price.
Sellers appear prepared to accept a lower selling price as both median and average sold prices have dropped making some buyers happy.
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month 02/23/09 – 03/25/09 |
| Active Listings |
52 |
62 |
| Average Active Listing Price |
$2,945,136 |
$2,721,243 |
| Median Active Listing Price |
$1,918,500 |
$1,898,000 |
EXPIRED
| Expired Listings |
4 |
2 |
| Average Expired Price |
$1,627,181 |
$1,614,000 |
| Median Expired Price |
$1,459,000 |
$1,614,000 |
SOLD
| SOLD |
11 |
16 |
| Average Sold ASKING Price |
$1,638,181 |
$1,787,562 |
| Average Sold Price |
$1,522,636 |
$1,645,368 |
| Median Sold ASK Price |
$1,367,000 |
$1,678,000 |
| Median Sold Price |
$1,325,000 |
$1,629,500 |
HIGH/LOW
|
Highest Sold Price |
Lowest Sold Price |
$3,200,000
$937,000 NB: sold over ask.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 however, within the last few days there have been a number of multiple offers that have resulted in sales over asking. While it is expected that this level of activity will continue there is also recent speculation that world financial markets may again play havoc on our local markets.
*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers may vary as they are dynamically posted by the REBGV.
