Pt. Grey- a Vancouver Neighborhood

pt-grey-30-det-4-20-2009-8-49-38-pm

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 Pricept-grey-high-sell-4-20-2009-8-21-09-pm $3,200,000

Lowest Sold Price pt-grey-low-sell-4-20-2009-8-17-31-pm $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.

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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