Ebbing Real Estate

West Vancouver 30 day det 29-11-2009 5-53-16 PM

West Vancouver Detached 30 Days

On course, this cruise ship quietly passed through the channel north of Keats, a popular island a few miles west of Vancouver. It’s course – it’s change in direction, subtle to all on board.

Neighbourhood market nuance, strikes similar to watching Keats pass by. From the ship’s deck you might view Keats and other islands as just another piece of rock with trees. It is the nature of islands. It is the nature of neighbourhoods! Alone neighbourhood statistics lack drama and yet, they have elements such as sale prices, list prices and volume numbers that like those islands – slip quietly into the horizon. Yet, in aggregate, our neighbourhoods contain pieces that complete a picture of the Vancouver Real Estate Market.

In recent past days some neighbourhoods started exhibiting numbers that appear contrary to continuing real estate hype hear, hear and hear.

Consider the West Vancouver Detached real estate market during the past 30 day period of October 29,2009 to November 28,2009. By all appearance, West Vancouver is on the same cruise along with North Vancouver and other areas of the city.

In this 30 day period West Vancouver experienced sales dropping from Sept/Oct’s 78, to Oct/Nov’s 47. Median Sold prices were down from Oct/Nov’s $1,426,500 to Sept/Oct’s $1,345,000. There were 115 price reductions out of a Total Listing count of 472. Added is that during this Oct/Nov period, nineteen listings were canceled compared to Sept/Oct’s five.

Numbers

FOR SALE

FOR SALE

This Month

Last Month

Total Listings

472

487

Total Active Listings

381

381

Average Active Listing Price

$2,672,005

$2,672,005

Median Active Listing Price

$1,995,000

$1,995,000

EXPIRED

Expired Listings

25

23

Average Expired Price

$2,227,460

$2,543,086

Median Expired Price

$1,500,000

$1,880,000

SOLD

SOLD

47

78

Sold Average ASKING Price

$1,829,172

$1,882,838

Sold Average Sale Price

$1,691,895

$1,775,057

Median Sold ASK Price

$1,298,000

$1,475,000

Median Sold Sale Price

$1,345,000

$1,426,500

HIGH/LOW

Highest Active List Price

$30,000,000

Lowest Active List Price

$240,000

Coming and Going

Tides control the comings and goings of almost every ship. Low tides carry the risk of these ships scraping bottom or worse being wrecked on rocks. Tides differ for different areas and as such it is critical to know when and where the high and low tide will occur.

Viewing the statistical results of different neighbourhoods is not dissimilar. You might presume, based on the recent flow of numbers coming from various neighbourhoods, that the Vancouver real estate cruise ship has made a change in course. What remains to be seen is if this ship will attempt to berth on the ebb.

*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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