Land Rush Olympic Style

Kits 30 60 Det 24-01-2010 2-08-44 PM

Kitsilano 30 and 60 Days

Kitsilano Detached real estate during the current past 30 day period Dec. 25/09 to Jan. 24/10 compared to the previous 30 day Nov. 25/09 to Dec. 24/09 period saw total listings decrease from to 40 to 28 with Sales revealing a more dramatic change dropping from 14 to 3.

Average SOLD prices which normally experience the anomaly commonly associated with Averages – the skew, this time seem justified with median Solds exhibiting a similar pattern of prices dropping!

Numbers

FOR SALE

FOR SALE

This Month

Last Month

Total Listings

28

40

Total Listing Average Price

$1,622,314

$1,697,844

Total Listing Median Price

$1,443,000

$1,543,944

EXPIRED

Expired Listings

1

2

Average Expired Price

$929,000

$1,768,444

Median Expired Price

$929,000

$1,768,444

SOLD

SOLD

3

14

Average Sold ASKING Price

$1,225,300

$1,682,642

Average Sold Price

$1,310,000

$1,659,428

Median Sold ASK Price

$1,288,000

$1,518,500

Median Sold Price

$1,250,000

$1,516,000

HIGH/LOW

Highest List Price

$2,998,000

$2,998,000

Lowest List Price

$959,000

$959,000

What to Make of It

Understanding this change in all things Detached Kitsilano, might best be explained as night terrors. Taking many forms, one might be VISA® bills arriving with the totals for the holiday spending spree. That all expense paid trip to Hawaii has a different tone when it’s your expense – oh happy day! Then again, another could be that the market could be melting as fast as the Olympic snow on Cypress Mountain.

Either way, it’s too early to suggest that real estate market drama is unfolding in Kitsilano. Fortunately, we will soon have the games afoot to help us forget thoughts of such woes. Who knows – by the time the games end, it’s entirely possible that we’ll discover that B.C. really is supernatural and with any luck, boarding competitors will find gold amongst the rocks of Cypress Mountain and begin a land rush unseen before. 🙂

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:

Tom W Says:
January 25th, 2010 at 6:44 am

Uh Larry…so, what’s your inference on the market?

Boombust Says:
January 25th, 2010 at 7:45 am

Larry,

You teaser, you!

January 25th, 2010 at 10:54 am

Boombust – Tickle Tickle 🙂

Tom W – ‘inference’ – currently looking under RE rocks for traces of brilliance.

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