No Longer Pretty

Post Olympic Slide

West Vancouver, B.C. as you know it is located on the side of Cypress Mountain, one of the venues for the 2010 Olympics. A mountain which now, in relation to Vancouver real estate, could be viewed as a slippery slope.

Listings

March’s listing count of 502 did not change much from February’s count of 500.

Sales

59 homes sold in the February period with only a slight drop to 55 in March.

Expired, Reductions, Increases, Days on Market

  • February saw 19 listing mandates expire while March had 17.
  • Price reductions were at 102 in February and settled in at 93 for March.
  • Price increases climbed by 6% from February’s 5 to March’s 8.
  • Days on Market shortened from 54 days in February to 47 days in March.

Average and Median Prices

February’s Average Ask price was recorded at $1,811,387 dropping to March’s $1,731,078. The Median Ask price in February was $1,499,000 resting at March’s $1,449,000.

Average Sold price recorded in February registered at $1,713,532 while March’s Average Selling price was $1,663,598. The Median sold prices followed suit with February recording $1,475,000 and March $1,450,000.

Thoughts

With the visual of the graph in mind, West Vancouver residents who cross the Lions Gate bridge must from time to time, cast a glance at their beautiful homes perched on that western slope of Vancouver. No longer financially pretty, one might suppose that the ride up Taylor Way, has lost it vigor as they are greeted with real estate market prices in decline.

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:

mike Says:
March 31st, 2010 at 9:30 pm

Larry,
The blog gets better and better.
I used to come by infrequently but you are now a daily visit for me.

March 31st, 2010 at 9:45 pm

@Mike
Thanks Mike – I’m trying! 🙂

Not much of a name... Says:
April 1st, 2010 at 9:00 am

I’ll second that. Always a daily visit for me too…most times more than once or twice.

Great little quick hits about the local markets. Keep up the good work.

Simon Says:
April 2nd, 2010 at 7:59 pm

I’ll echo that. A daily must. Your efforts are well placed Larry, keep’em coming.

Wolfey Says:
April 4th, 2010 at 6:50 pm

Hi larry,

first time viewer…interesting #s wow. the olympic fervor is still here

April 4th, 2010 at 7:27 pm

@Wolfey
welcome aboard 🙂

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