Vancouver West Sliding
Posted November 20th, 2009 in Real Estate, Statistics | 
It’s Almost All Downhill
Vancouver’s West Side Detached real estate during the current past 30 day period Oct. 21 to Nov. 20, 2009 compared to the previous 30 days, Sept. 21 – Oct. 20, 2009 period saw Total Listings take a drop from 700 to 617.
In parallel with the east side, sales dropped from 188 to 108. Average Sold prices dropped from Sept/Oct’s $1,762,382 to Oct/Nov’s $1,648,971. Median Sold Price increased from Sept/Oct’s $1,550,000 to Oct/Nov’s $1,567,500.
Expired listings in Oct/Nov settled at 30 – down from Sept/Oct’s 33. Price reductions for Oct/Nov rang the bell at 95.
Numbers
FOR SALE
| FOR SALE |
This Month 30 Days |
Last Month 60 Days |
| Total Listings |
617 |
700 |
| Average Active Listing Price |
$2,650,328 |
$2,650,328 |
| Median Active Listing Price |
$1,990,000 |
$1,990,000 |
EXPIRED
| Expired Listings |
30 |
33 |
| Average Expired Price |
$2,317,190 |
$2,096,778 |
| Median Expired Price |
$1,848,500 |
$1,528,000 |
SOLD
| SOLD |
108 |
188 |
| Average Sold ASKING Price |
$1,675,505 |
$1,815,286 |
| Average Sold Price |
$1,648,971 |
$1,762,382 |
| Median Sold ASK Price |
$1,579,500 |
$1,548,000 |
| Median Sold Price |
$1,567,000 |
$1,550,000 |
HIGH/LOW
| Highest List Price |
$22,000,000 |
$22,000,000 |
| Lowest List Price |
$227,000 |
$227,000
|
What’s Goin On?
Sales down, prices down, listings down – makes you wonder what’s going on. Is the 09 Vancouver Real Estate Rush slowing? Has that magic thing called affordability reared it’s head or is the Vancouver real estate west side market just catching it’s breath?
*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.
One small step for the Westside on the way to sane pricing.
BTW Larry you may want to re-read the preamble, some numbers need chnaging.
Keep up the good posts.
Fish
Thanks for that. Late night editing can be problematic. Heads up is appreciated.