Mt Pleasant Wishes
Posted November 24th, 2009 in East Mount Pleasant, Neighbourhood SnapShot | 
East Mt. Pleasant 30 and 60 Days
Vancouver’s Mt. Pleasant, East Side Detached real estate during the current past 30 day period Oct. 25 – Nov. 23 2009 compared to the previous 30 days Sept. 24, – Oct. 23, 2009 period recorded Total Listings dropping from 43 to 36. Sales dropped from 9 to 5. Sold Average prices increased from $762,666 to $765,800 with Median Sold prices recording a drop from $780,000 to $724,500.
Encompassed within the 36 Active Listings 5 reduced their price.
Contrary
These numbers, the average solds, seem to support random REALTOR reports of multiple offers in specific neighbourhoods. The Median Sold price does however, suggest a different story that appears to be following the path of recent neighbourhood posts. Simply, median sales price and Total Listings are sluggish.
Seven days remain in this month of November. With caution in these words, if the conversations with both east and west side REALTORS bear fruit, (pun intended), we may be experiencing an overall slowing in the market.
Numbers
FOR SALE
| FOR SALE |
This Month 30 Days |
Last Month 60 Days |
| Total Listings |
36 |
43 |
| Total Listing Average Sold Price |
$765,800 |
$782,137 |
| Total Listing Median Sold Price |
$724,500 |
$780,000 |
EXPIRED
| Expired Listings |
1 |
2 |
| Average Expired Price |
$849,000 |
$889,500 |
| Median Expired Price |
$849,000 |
$889,500 |
SOLD
| SOLD |
5 |
9 |
| Average Sold ASKING Price |
$781,180 |
$759,000 |
| Average Sold Price |
$765,800 |
$762,666 |
| Median Sold ASK Price |
$749,000 |
$749,000 |
| Median Sold Price |
$724,500 |
$780,000 |
HIGH/LOW
| Highest List Price |
$1,375,000 |
$1,375,000 |
| Lowest List Price |
$455,000 |
$455,000
|
Wishes
Numbers are strange things. As a reflection of a market during a short period they can misdirect. In particular averages are easily skewed. Noticed in other neighbourhoods, the 30 and 60 day numbers, say there is a change afoot. Added is that in the past week some REALTORS have voiced opinion admitting a sense of a market slowing. Their optimism may be self serving. As we approach the holiday season, they may be hoping for a break in this market’s pace. However, if in fact the conversations do bear fruit, November may be the month in which they get their wish.
*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.
