Push Pull

Kitsilano Attached

If you didn’t know better you would think this was a mirror image of yesterday’s Fairview Attached numbers. Enter a new dimension. Lurking in the background are the Dailies, harbingers of a different direction implied by the Kitsilano numbers.

Listings

Kitsilano Attached listings dropped from 243 to 201. Give this change a ‘meh’!

Solds

The number of Sold units took a beating in this past 60 days. In the Jan/Feb period 72 listings sold compared to the drop to 28 during Feb/Mar.

There is no brilliant reason for this change other than to suggest that there were a lot more people drinking beer and singing ‘O CANADA’ during the Olympics then there were buying attached units in Kitsilano!

60 Days

The change between the two periods for Kitsilano solds might implore you to stand up! The average ASK price in the Jan/Feb period was $673,629. Units were selling during that period for an average sold price of $671,180.

Accordingly, the median Ask price in the Jan/Feb period settled at $499,900 with median Sold prices rising above that recording $509,750.

30 Days

Comparing, we see a serious drop in the Average ASK price to $595,646 with Average SOLDS dropping to $585,348. Median Ask/Sold were just a little different – which suggests another ‘meh’ is in order!

Median ASK was $474,450 and the Median SOLD was $476,450.

Thoughts

What isn’t reflected is that today’s Daily’ numbers won’t show in these stats column for a little while. The Dailies today show the East/West Side with 99 Units Listed and 60 Units Sold. That’s a loud scream when you consider that only last week such numbers were considered history.

So too was this evident in the system wide numbers with Units Listed ringing the bell at 265 and Units Sold coming in at an impressive 165. Those are powerful numbers.

What to make of it?

This push and pull market reminds one of that famous line spoken by Michael Corleone of the Godfather: – “Just when I thought I was out… they pull me back in.”

Bottom line – keep your ‘family of numbers’ close, it’s just starting to get interesting.


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 to determine the availability of those neighbourhood services most important to you. Don’t be shy, tell your friends who are looking 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:

Boombust Says:
March 16th, 2010 at 9:01 pm

Interesting!

As exciting as watching the 1995 Quebec referendum.

Or, seeing what Dr. Doolittle’s “Pushmepullme” would do next.

PostOBlues Says:
March 16th, 2010 at 9:17 pm

Dr. Dumb

Ya, bullish numbers. Go buy some.

Quick flip. On your 10% spring upside prediction, you’ll make 200% on your 5% down.

Hope you lever up to the neckline.

Some only know one way to learn – its different this time – right.

March 16th, 2010 at 9:21 pm

@Boombust
– LOL! are we then to presume upon your daily presence and repartee?

PostOBlues Says:
March 16th, 2010 at 9:26 pm

VcrRocks/aka Dr. Dumb

Ya, MOI shrinking, market is rocking.

Go buy. Don’t use Larry, he’s a class act. Use one of the Johnny come lately’s out there who espouse that its always a good time to buy.

March 16th, 2010 at 9:47 pm

@ PostOBlues
– curiosity begs these questions!
– How is it that you or anyone else know this? Is it formulated on fact, premonition, a guess?
– Are you absolutely certain of your position? Is there a margin of error – could you be wrong?

What is your premise for this opinion? Is it the basic fundamentals everyone points to, a divine knowledge, a gut feeling?
When challenged, see @Dr. Know, why does discussion degrade to argumentative posturing?

Last, what difference does it make to you? Are you waiting for the market price to reach some magic number before you jump (the presumption is that is the game plan). Is there ever a ‘right’ time? If there is, I would like to know when you think that point is reached.
Remember, I’m just curious.

John Says:
March 17th, 2010 at 12:19 pm

Larry is a bear behavioural research analyst and this blog is all part of his research methodologies 😉

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