Killarney – Neighbourhood Numbers

Killarney

In the past 30 days, fewer sales and fewer listings haven’t fazed the Killarney neighbourhood’s continued strong prices.

In the period covering February 16 to April 15, Killarney experienced the following market activity.

Listings

Total Listings decreased from February/March’s 64 to March/April’s 59.

Sales

Sales dropped February/March’s 14 to March/April’s 10.

Expired, Reductions, Increases, Days on Market

  • February/March saw 1 listing mandate expire. There were none in March/April.
  • Price reductions in February/March numbered 12 dropping in March/April to 9.
  • Three Price increases occurred in February/March whereas there were 4 in March/April.
  • It took a day less in March/April to sell a home compared to February/March’s 20 days.

Average and Median Prices

February/March’s Average Ask price recorded $798,671 increased to March/April’s $844,370. The Median Ask price in February/March was $754,500 and increased to $759,500 March/April.

The Average Sold price in the March/April of $851,410 was higher February/March’s $794,035. The Median Sold prices followed with February/March’s $759,000 increasing March/April’s $810,000.

Thoughts

Considered by many to be a great neighbourhood, with fine schools and community center, Killarney’s real estate market is hot.

Eerily similar, market patterns seen here closely match those in Cambie,and Grandview.

The sense amongst contemporaries is that a change is afoot. Will the Vancouver residential home market trip and tumble? Idle coffee conversations with cohorts are leaning in that direction. However, none are expecting it to equate a star burst.

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:

Sperry Topsider Says:
April 16th, 2010 at 11:04 am

I believe you should post a comment on how you engage potential buyers in the buying process. It’s the least you can do given the great articles and comments you post here.

April 16th, 2010 at 11:19 am

@sperry
re: least I can do – Simply it all starts with a phone call or an email. They talk, I listen. If we get along, we start the process.
See response to @Hermitian in this post.
http://www.yattermatters.com/real-estate/statistics/neighbourhood-numbers-the-drive/

RavingBull Says:
April 16th, 2010 at 10:26 pm

This will be a HOT HOT HOT month for sales.

Hotter even for listings.

Next month, sales will wane a tad and change.

Listings will skyrocket.

MOI will move from 4-5 up to 7+.

June gets worse.

July will be a horror show.

And so on….and so on.

April 16th, 2010 at 10:35 pm

@ravingbull
A silver lining! It will give me time to go sailing.

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