Mt Pleasant Wishes

East Mt. Pleasant 23-11-2009 10-59-57 PM

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.

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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