Main Street Muscle

Main Neighbourhood Detached

Main Det 30-60 23-02-2010 9-36-59 PM

Showing Muscle

Depending on who you are cheering for the Main street neighbourhood is either leading or following the other east side communities. As with the others Dec/Jan’s numbers fell behind the rush seen in Jan/Feb.

Total listings increased, Solds increased, Expired mandates fell, Average Ask prices increased and were answered with higher Average Sold prices.

Average Sold increased from Dec/Jan $704,000 to Jan/Feb’s $744,000 -(numbers rounded).

Thoughts

What does one make of this burst in the market place? Is it more unexpected pent up demand, fear of increased costs via HST, or a realization that higher mortgage rates can’t be far off? Is it possible that it is just people trying to find a home in which to live? So many things to consider with so few and so many answers. You gotta love it!

A show worth watching! More neighbourhood numbers in the days ahead – stay tuned.


Search for your home here.

It’s lot easier than other places I can’t mention and you can see the home via Google street view. Use Walkability Score to determine the availability of those neighbourhood services most important to you. Don’t be shy, tell your friends who are looking to buy to stop by and give it a whirl. They will love you even more. 🙂

If you would like something more personal that is specific to your budget and needs, give me a shout. Let’s talk and I’ll set you up with a custom search delivered daily to your in box.

Of course, if you got some questions I’m around for that too.

Thinking of Buying or Selling your Vancouver home? Put on a cup of coffee and let’s talk.

*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:

1 Says:
February 24th, 2010 at 8:32 am

i will watch the dailies like a hawk, looking for the slightest change in trend.

dang, the market is still very much alive, but I think its topping – why? as prices are just so insane that they must(?) at some point reach their upper limit.

incroyable.

February 24th, 2010 at 9:07 am

@ 1 –
As a teenager I remember that a gallon of high octane gasoline cost 49 cents and a pack of Players rag ends was $0.45. It was $2.50 to fill up my Austin Mini and that was enough gas to get you to the Okanagan for a sunny weekend. Are Vancouver real estate prices topping? Looking back, 49 cents a gallon seemed outrageous!

1 Says:
February 24th, 2010 at 11:22 am

eventually, it will be about incomes and interest rates (and rents and taxes and psychology)

1 Says:
February 24th, 2010 at 12:32 pm

Larry

the price of gasoline has risen in Spain, US, Ireland, UK, Dubai, etc.

Laws of economics always come home to roost, do they not?

February 24th, 2010 at 3:32 pm

@ 1
we are not unique

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