Divergence

East Side Det 30 Days 21-12-2009 9-05-37 PM

East Side 30 and 60 Days

Vancouver’s East Side Detached real estate during the current past 30 day period Nov 21 – Dec 21 2009 compared to the previous 30 days Oct 21 – Nov 21, 2009 period recorded Total Listings dropping from 646 to 557. Sales dropped from 174 to 88. Average Sold prices dropped from $749,227 to $742,626. Median Sold prices kept pace dropping from $725,500 to $720,000.

Within the 557 Active Listings 108 reduced their price.

Numbers

FOR SALE

FOR SALE

Past 30 Days

Prior 30 Days

Total Listings

557

646

Average Active Listing Price

$819,767

$819,767

Median Active Listing Price

$807,433

$769,000

EXPIRED

Expired Listings

25

28

Average Expired Price

$786,915

$809,592

Median Expired Price

$669,000

$759,000

SOLD

SOLD

88

174

Average Sold ASKING Price

$751,030

$757,080

Average Sold Price

$742,626

$749,227

Median Sold ASK Price

$714,000

$729,000

Median Sold Price

$720,000

$725,500

Tiny Bubbles

Watching neighbourhood numbers is little different than watching the bubbles rise in a glass of clear soda. As a reflection of a market during a short period they can misdirect. Watching neighbourhoods as a collective does however, give perspective to the overall market. A couple of posts back we saw North Vancouver’s 30 and 60 day numbers match a pattern seen here for the east side.

The change, while not something you might want to shout about is one that syncs with North Vancouver showing a tiny, small, downward movement. Amongst us are those who will say but of course, silly – ‘it’s the holiday season, what else would you expect?’

True enough – historically that has been the case. You can see this on the long term Average Price Graph.

On this the shortest day of the year, what is bothersome is that 2008 and 2009 were two years that turned Vancouver real estate history up-side down. This upheaval leaves one to ask if these slight downward changes are a harbinger disguised as tiny bubbles?

*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.

Reader Comments:

Boombust Says:
December 22nd, 2009 at 10:34 am

Well, when the media starts yapping about a RE “bubble” as though it was something new, then you know it’s OVER.

Why, even Global’s Deborah Hope has a more intense, furrowed-brow look when reporting on it.

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